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Top News Links: Tuesday, May 2

Mill plans $6 million addition in Elmore County

Frontier Spinning Mills plans to invest $6 million to add new, state-of-the-art fiber preparation and open-end spinning equipment, in addition to warehouse space, at its plant in Wetumpka. “Frontier Spinning Mills is very pleased to announce this significant investment in the Wetumpka Plant. We appreciate the support of the Elmore County Economic Development Authority and the State of Alabama,” said Robin Perkins, the company’s CEO. – AreaDevelopment.com

Coca-Cola United completes metro Atlanta expansion

Coca-Cola Bottling Company UNITED Inc., headquartered in Birmingham, announced today it closed a transaction with The Coca-Cola Company that expands UNITED’s territory to include metro Atlanta and seven additional Coca-Cola territories in Georgia. UNITED also acquired two production facilities as part of the transaction. – PR Newswire

Mohawk acquired closed fiber plant in Bridgeport

Mohawk Industries has acquired the former Beaulieu fiber facility in Bridgeport in a transaction that includes a commitment to preserve current jobs and grow employment in the community. Mohawk is investing significantly to modernize and upgrade the equipment and the building in the Jackson County city, according to the Alabama Department of Commerce. – Made In Alabama

Sanders Trust expanding to Maryland, its 22nd state

A Birmingham health care real estate and development firm has expanded into its 22nd state with a $21 million purchase in Hagerstown, Maryland. The Sanders Trust has closed on the Parkway Professional Center, a 71,000-square-foot ambulatory care center that was constructed in 2005. It was renovated in 2011 and is fully leased. – AL.com

Multistate prison scandal moves forward in Mississippi

A physician accused of bribing Mississippi's former corrections commissioner plans to plead guilty Wednesday, court records say. A hearing before U.S. District Judge Daniel Jordan was set Monday for Dr. Carl Reddix to change his plea. Alabama health care consultant Michael Goddard pleaded guilty in April to making a false statement to the FBI, lying about money he had gotten from Health Assurance. – AP/USNWR

Bill to repeal movie tax credits look to be stalled

A bill that would have repealed Alabama's movie tax credits will not go before committee on Wednesday as initially planned. It's good news for locals in the film industry. Eva Golson with the Mobile Film Office says that between 2010 and 2016, the film industry spent more than $128 million dollars in coastal Alabama. – WPMI

GM loses bid to block more ignition-switch lawsuits

General Motors lost its bid April 24 to bar hundreds of ignition-switch lawsuits when the U.S. Supreme Court refused to hear the automaker’s appeal claiming it isn’t liable for pre-bankruptcy filings. Without comment, the Supreme Court left intact last year’s ruling by the 2nd U.S. Circuit Court of Appeals that GM remains responsible for injury, death and diminished-value claims that occurred before its 2009 bankruptcy. – APR

Anniston completes purchase of Stringfellow Memorial

Stringfellow Memorial Hospital is now owned by the Health Care Authority of the City of Anniston. Community Health Systems announced today the effective completion of the sale of the hospital for $25 million, bringing it under the same control as Anniston's Regional Medical Center, just a few blocks away. – AL.com

Autism insurance coverage bill stalls in Senate

Alabama's House unanimously approved requiring health insurers to cover an expensive autism therapy, but the legislation has stalled in the state Senate, where some senators are raising cost concerns. – AP/The Tribune

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