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Top News Links: Wednesday, Oct. 14

Yorozu coming to Jasper with $100M deal

Japanese auto supplier Yorozu Corpwill build a $100 million metal stamping facility in Jasper and create 300 jobs, Gov. Robert Bentley announced Tuesday. The facility will provide suspensions and other components to several auto assembly plants. Construction is expected to start by January, with operations beginning in July 2017. Information about incentives for the project was not immediately available. The company considered multiple sites before settling on Jasper, Yorozu America President Jack Phillips said. – AL.com

Alabama still in running for Aston Martin plant

Aston Martin has narrowed down the possible sites where it might build a new plant, and Alabama remains on the list, Reuters reported Tuesday. The British luxury automaker is looking for a place to build its DBX crossover, which is a key component of a plan to boost annual sales. The company has culled a list of 19 locations down to five or six, Aston Martin CEO Andy Palmer told Reuters. Along with Alabama, sites in Eastern Europe, Wales and England made the cut. – AL.com

Mayor: Airbus likely to increase aircraft output

Airbus Group SA is likely to increase aircraft output at its Mobile factory beyond its current four-a-month target, the mayor of the Southern U.S. city said on Tuesday. Airbus has said it could produce up to eight single-aisle jetliners a month at the plant, which opened last month, an increase that would help Airbus work through its large backlog of orders, Mayor Sandy Stimpson said. – Business Times

Beware the ever-present power scammers

Hamburger King in Montgomery is the latest target of tele-scammers claiming to be Alabama Power, and owner Gay Harrison said she was “one minute” away from falling for it Monday. Alabama Power spokesman Ike Pigott said the scam usually involves a business being called when the business would presumably be busy. The caller then tells the employee who answers the phone that the power will be shut off in an hour unless they put down a deposit. – Montgomery Advertiser

Beware the financial advisor free lunch

There's no such thing as a free lunch, especially when investment brokers use the afternoon meal as a way to interest prospective elderly clients in high-fee investment products. Free lunches were once used as a way to market a brokerage's services to a large group of people, said Joseph Borg, director of the Alabama Securities Commission. Now, firms are using the lunches to gather information about attendees' assets to fashion financial sales pitches. – Investment News

AEgis helping Alaska to fight wildfires

Alaska is asking a Huntsville company to help fight one of the state’s biggest battles. At one point this summer, firefighters and the military were trying to put out 500 wildfires at one time. "We don't think of Alaska as having massive lightning storms like we do in the South, but they do and those cause the vast majority of wildfires in Alaska," says AEgis information solutions director David Estacio. He and several coworkers traveled twice to Alaska in 2015 to place sensors in some of the state's most remote regions. – WAAY-TV

Small-business optimism improves slightly

The National Federation of Independent Business' widely watched Small Business Economic Trends Report shows that small-business optimism showed little improvement from August to September. The monthly Optimism Index improved 0.2 points to 96.1, well below the 42-year average of 98. State-specific data isn't available, but Rosemary Elebash, state director of NFIB/Alabama, said small-business optimism here generally reflects national trends. – NFIB.com

Millennials can’t wait to wipe out debt

Millennials are not down with being in debt, and getting rid of it is one of their top financial priorities, according to the latest USA TODAY/Bank of America poll. Nearly two-thirds of those surveyed said that having no debt is a top priority right now, ranking slightly above having minimal financial stress, spending less than they earn and having emergency savings. – Montgomery Advertiser 

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