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Top News Links: Tuesday, Nov. 8

Business leaders hope for passage of Amendment 11

Among the items on today's ballot is Amendment 11, which government and business leaders in Alabama hope passes muster with voters longing for economic opportunity. The measure, which is related to the Major 21st Century Manufacturing Zone Act, will give Alabama communities the power to designate certain areas as 21st Century Manufacturing Tax Increment Financing (TIF) zones. – AL.com

Carnival cruising returns to Mobile on Wednesday

When Doris Robinson, her daughter and niece board the Carnival Fantasy on Wednesday, they intend to grab a bottle of champagne and start walking toward the ship's bow. There, they will raise a toast to Robinson's late sister, Shirley Porter. It will be an poignant moment for the three women, made possible only because cruising returned to Mobile. – AP/AL.com

ArcelorMittal expanding automotive steel efforts

ArcelorMittal is expanding its global portfolio of automotive steels by introducing a new generation of advanced high strength steels. These innovative steels include the launch of new press hardenable steels (PHS) Ductibor® 1000 and Usibor® 2000. ArcelorMittal is also investing in AM/NS Calvert, its joint venture with Nippon Steel and Sumitomo Metals Corp. in Alabama, to produce 3G AHSS cold-stamping steels in North America. – Globe NewsWire

Pondering the curious case of Alexander City

For almost a century, life in Alexander City, Alabama, revolved around Russell Corp. The athletic-wear maker was headquartered in the town of 15,000, and employed 7,200 people there. “I became mayor in 1996, and all the mayor of Alex City had to do was please Russell, to be honest,” recalled Don McClellan when I visited last Tuesday. – Industry Week

Eastern Shore Plaza sells for $32.5M

Marcus & Millichap last week announced the sale of Eastern Shore Plaza, a 270,105-square-foot regional power center located in Spanish Fort, a suburb of Mobile. The $32.5 million sales price equates to $120 per square foot. Located at 10200 Eastern Shore Blvd. in Spanish Fort, Eastern Shore Plaza benefits from its proximity to Eastern Shore Centre, a 433,000-square-foot lifestyle center anchored by Belk and Dillard’s, and a Publix-anchored shopping center. – BusinessWire

Enplanement numbers show rising trend at Mobile Airport

The Mobile Airport Authority released passenger enplanement numbers recently for September 2016 as reported by the airlines serving Mobile Regional Airport.  A total of 25,723 passengers boarded commercial aircraft at MOB, compared to September 2015 when 23,583 passengers flew commercially from Mobile. This marks the first time since 2007 there have been two consecutive months of back-to-back passenger increases of this magnitude at MOB. – News release

Toyota reports 43 percent drop in global operating profit

Toyota Motor Corp. reported a 43 percent tumble in global operating profit in the latest quarter as foreign exchange losses and an overreliance on lower-margin passenger cars in light truck-crazy North America offset gains from aggressive cost cutting and rising sales. Operating profit declined to 474.64 billion yen ($4.69 billion) in the fiscal second quarter ended Sept. 30, CFO Takahiko Ijichi said today while announcing financial results. – Automotive News

Bud’s Best Cookies founder to be honored

Albert L. “Bud” Cason, founder and chairman of Birmingham-based Bud’s Best Cookies, will be inducted into the Baking Hall of Fame by the American Society of Baking. The award was created to recognize industry innovation and entrepreneurial spirit. – News release

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