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Top News Links: Wednesday, Oct. 28

GE Aviation plans $200M Huntsville investment

GE Aviation is creating adjacent factories in Huntsville to mass-produce silicon carbide materials used to manufacture ceramic matrix composite components for jet engines and land-based gas turbines. GE Aviation will invest more than $200 million to construct two factories on 100 acres in Huntsville. When the factories are operational later this decade, they will employ up to 300 people. – BusinessWire

Redmont Hotel to reopen early next year

The Redmont Hotel will reopen after a massive renovation by the first quarter of 2016. The 120-room hotel will be part of Hilton Worldwide's special Curio Collection. The Redmont will feature a cafe, rooftop bar and a restaurant. 2101 Cafe - a nod to the Redmont's address, will serve Revelator Coffee and Crestline bagels. – AL.com

Wall Street nervous as Fed prepares to reconvene

U.S. stocks slipped on Tuesday on uncertainty over the U.S. rate outlook and disappointing results from Ford and other companies. The Federal Reserve began its two-day policy meeting. While expectations for a rate hike this week are slim, investors are looking for clues on when the Fed will begin to raise interest rates. "That's going to be parsed every way possible," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham. – Reuters

Culverhouse survey: Business confidence down

A recent survey of business executives in Alabama shows that the state's growing economy may be tempered in the fourth quarter of 2015. Although business confidence is still remaining positive at 51.2 in Alabama, results from the University of Alabama's Culverhouse College of Commerce Alabama Business Confidence Index show that business confidence in all of the state's major metros are down. – BizJournals.com

Biggest-ever hospice false claims case gets new trial

U.S. District Court Judge Karon Bowdre of Birmingham ordered a new trial Monday in a False Claims Act case asserting that a hospice provider fraudulently billed Medicare for patients—and the fault for the new trial is her own, the judge stated. The case is seeking to determine whether AseraCare, a subsidiary of Plano, Texas-based Golden Living, admitted Medicare beneficiaries who were ineligible for end-of-life care in order to rake in more money. – Home Health Care News

Coral damage from BP spill worse than estimated

Gulf coral damage from the massive BP oil spill is more extensive than previously thought, according to a new study that revealed sick and dying corals in the rich, deep-water environment off the coasts of Alabama and Mississippi known as the Pinnacles. These colonies are found about 35 miles to 68 miles to the north of BP PLC’s blown-out well. – AP/NOCB

Litter River Sock Mill gets Martha Stewart nod

Martha Stewart finds one company above the rest for helping people in the Yellowhammer State get ready for autumn. As part of her 2015 American Made Awards, the homemaking maven spotlighted Alabama’s Little River Sock Mill, located in Fort Payne. – Yellowhammer

Lion’s Den to be Thursday night at Samford

The second year for the Lion’s Den, a Shark Tank -style, entrepreneurial event, is Thursday at the new Brock School of Business building on Samford University ’s campus. The event was created by Birmingham-based Cedarworks, Inc. as a way to inspire, educate and mobilize professionals to better use their time, talents and resources to generate financial, social, environmental and spiritual returns for their stakeholders. – News release

UAB partners with Mexico-based auto supplier

UAB's School of Engineering has partnered with Mexico-based auto supplier Rassini to study the use of composite materials in automotive suspension systems. The three-year pact calls for students to examine applications of a thermoplastic fiber-reinforced polymer and help create a path for the technology to market. – AL.com

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