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Top News Links: Friday, Oct. 4

Settlement reached in audit lawsuit

Deloitte & Touche, which provided audits of the Florida mortgage companies whose fraud contributed to the demise of Colonial Bank, has settled lawsuits charging that it should have uncovered the fraud. — Reuters

Offshore production slows as Karen approaches

Offshore oil and gas rigs began evacuating workers as Tropical Storm Karen approaches the Gulf Coast. — Bloomberg

Cotton crops, prices hinge on storm

Cotton prices have climbed as markets respond to the U.S. government shutdown and the approach of Tropical Storm Karen. — Reuters

TVA sets power record

Tennessee Valley Authority's hydroelectric dams set an electricity generating record this year, with the 29 dams producing 18.5 million megawatts, more than any other year in TVA's 80-year history. — TVA PR

BAE Systems tapped to build subsea support vessel

Houston-based Oceaneering International Inc. has picked BAE Systems' Mobile shipyard to build a new subsea support vessel for its offshore rigs. — Mobile Press-Register

Protective Life completes acquisition of MONY

Birmingham-based Protective Life has completed its acquisition of MONY, expects steady income stream from new holdings. — Insurance Business Review

Work to start this month on Montgomery VA health care center

Work is slated to begin later this month on a new Veterans Administration clinic in Montgomery; the new facility is slated to open in 2015. – Montgomery Advertiser

Paint company breaks ground in Cullman County

Magnet Paint and Shellac broke ground this week for a $2 million plant to produce commercial, industrial and automotive coatings; deal to bring company was 20 years in the works. — Cullman Times

Site clearing begins for Blue Collar Country park

Tractors are clearing paths and timber harvesting is underway on a 500-acre tract in Foley that's been earmarked for a Blue Collar Country Development. – Mobile Press-Register

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