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Top News Links: Wednesday, Oct. 9

Campaign finance limits face Supreme Court test

A lawsuit filed by Alabama businessman and Republican political donor Shaun McCutcheon, seeking to spend more money to support his preferred candidates, got a hearing before the U.S. Supreme Court yesterday. — BBC

Montgomery credit rating slips

The city of Montgomery saw its Moody's credit rating slip a notch, despite what city officials describe as an improving economic outlook. — Montgomery Advertiser

Huntsville raises city budget on hopes of increased revenue

Huntsville's city council this week approved a $241 million budget, up slightly from last year, on expectations that city revenues will increase. — WAFF-TV Huntsville

Alfa and Blue Cross team up to provide medical and dental coverage

Blue Cross and Blue Shield of Alabama medical and dental policies, developed in anticipation of new federal health care regulations, will be available through Alfa offices, the two companies announced. — ABC 33/40 Birmingham

Watermelon program fends off jibes

After becoming a punch line for anti-spending congressmen from Texas and Oklahoma, officials with Alabama's federally-funded Watermelon Queen program said they do important work teaching youngsters about nutrition and – frugally — have funds left over from this year to roll into next year's budget. — Wall Street Journal

Top retail awards to Freshfully, Belk, Lulu's, Bob Sykes Bar B Q and Fringe

Alabama Retail Association awards were presented Tuesday with top honors to small grocer Freshfully in Birmingham, Belk, Lulu's in Gulf Shores, Bob Sykes Bar B Q in Bessemer and Fringe consignment stores in Opelika and Auburn. - Birmingham News

Adtran profits up for third quarter

Huntsville networking hardware maker Adtran said yesterday its profits are up 75 percent over the same quarter last year. — NASDAQ

Nektar discusses pain management drugs

Nektar, a drug development company with operations in Huntsville, San Francisco and India, presented test results from new pain management drugs in a web meeting for investors yesterday. — Nektar PR

Sterne Agee adds clearing expert

Birmingham-based Sterne Agee has added Patricia Jamison as COO of Sterne Agee Clearing, to expand its clearing services. — Sterne Agee PR

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