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Top News Links: Thursday, Nov 3

Boeing reminds Alabama that it was here first

The Boeing Company is responsible for more than $2 billion in economic impact to Alabama, according to a study from the University of Alabama's Center for Business and Economic Research. Jim Chilton, president of Boeing's Network and Space Systems, said it has made a longterm investment in Alabama. – AL.com

Montgomery plant helping Hyundai buck sales trends

Hyundai’s sales rose at about the same rate that auto sales as a whole declined in October, according to industry reports. The South Korean automaker this week reported a record month for North American sales, with sales up 4.2 percent over last year. Its Montgomery assembly plant churned out 32,399 of its three top-selling vehicles to feed that October demand. – Montgomery Advertiser

Huntington Ingalls to acquire Camber Corp. for $364M

Newport News-based Huntington Ingalls Industries plans to acquire Camber Corp., a government services company based in Huntsville, for $380 million. Founded in 1990, Camber has annual revenue of about $364 million. It provides mission-based and information technology solutions. The company has 1,700 employees. HII is the parent company of Newport News Shipbuilding, Virginia’s largest industrial employer. – Virginia Business

Democrats wants Colonial Pipeline investigated

A group of House Democrats on Wednesday urged federal officials to investigate the company that owns an Alabama pipeline that exploded this week. The Democrats — Energy and Commerce Committee ranking member Frank Pallone (NJ), Transportation Committee ranking member Peter DeFazio (Ore.) and three subcommittee ranking members — said the Department of Transportation should probe the Colonial Pipeline Company after a pipeline it owns caught fire and exploded in Shelby County. – The Hill

Vulcan Materials income up 13 percent despite revenues decrease

Birmingham-headquartered Vulcan Materials Company posted a net income up 13 percent from the same time last year despite revenues slightly decreasing. The company posted net earnings just shy of $140 million for the third quarter and $282 million for the first nine months of the year. – AL.com

Election cycle leaves small business owners with record malaise

Small business owners can’t anticipate the direction of the economy, don’t know whether it’s a good time to invest, and aren’t sure whether to hire new workers, according to the National Federation of Independent Business monthly Uncertainty Index, which Tuesday reached a 42-year high. – News release

Church’s Chicken gives $300,000 to No Kid Hungry

From March 27th until April 24th of 2016, Church's Chicken restaurants nationwide spearheaded efforts to raise as much money as possible for No Kid Hungry - a campaign of the nonprofit Share Our Strength dedicated to providing access to meals for children in need. The fried chicken restaurant chain recently awarded No Kid Hungry with $300,167 raised this year – double what the brand set out to achieve for the year. – News release

As Wells Fargo execs climbed, abuses were everywhere

After Wells Fargo & Co. executive John Sotoodeh handed off more than a hundred branches in Southern California to a colleague in 2009, problems surfaced quickly. His successor, Kim Young, addressing rumors that some employees were opening bogus accounts, called an introductory meeting with staff and warned she wouldn't tolerate misconduct. Within a few days, managers recall, sales crumbled across her new turf. – Chicago Tribune

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