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Top News Links: Friday, Oct. 28

HeathSouth Corp. CEO to retire at year’s end

HealthSouth Corp. reported a strong third quarter in revenue, volume and earnings Thursday, the same day its CEO Jay Grinney announced he will retire at year's end. The healthcare company reported a 19 percent increase in earnings over a year's time, $926.8 million. That figure in 2015 was $778.6 million. Adjusted earnings per share were 65 cents. – AL.com

GKN Aerospace ships 300 jobs to Tallassee from St. Louis

GKN Aerospace has recently informed the International Association of Machinists & Aerospace Workers District 837 that it will be laying off more than 300 union workers at its St. Louis, Missouri facility and shipping their jobs to a right-to-work state. GKN has confirmed that the company plans to shut down its St. Louis Composites Department and move the bonding mechanic work to its facility in Tallassee, Alabama. – The Telegraph

North Alabama gets worst of spreading drought

Six months into a drought across much of the South, the weather is killing crops, threatening cattle and sinking lakes to their lowest levels in years. The very worst conditions are in the mountains of northern Alabama and Georgia. But it's spread downhill and across 13 southern states, from Oklahoma and Texas to Florida and Virginia, putting about 33 million people in drought conditions. – AP/Madison.com

Shelby continues to man Ex-Im Bank blockade

Sen. Richard Shelby, chairman of the Senate Banking Committee and formerly a pro-business supporter of the Export-Import Bank, is single-handedly blocking the bank’s ability to approve large deals, leading others in Congress to look for a way around Shelby’s blockade by the end of the year. Shelby, R-Ala., who calls the specialty bank a form corporate welfare, has refused all year to allow a vote on a nominee to the bank’s board. – USA Today

‘We are not doing our job’ says NASA rocket scientist

"We are not doing our job," NASA Deputy Administrator Dava Newman told a roomful of aerospace engineers in Huntsville Thursday. "I can put it clearly on us." An aerospace engineer herself, Newman was speaking to the 9th Von Braun Space Symposium about the hurdles the profession puts in front of women and minority students. – AL.com

UA signs with RSQ for national advertising campaign

The University of Alabama has partnered with Mobile-based digital specialists RSQ, to launch its first national advertising campaign, which kicked off during the Crimson Tide’s season opener on Sept. 3. The 30-second national TV spot is the first glimpse at the campaign that will also span digital, print and outdoor platforms in Alabama over the coming months. – News release

AutoNation widens strategy with more used-only stores

AutoNation Inc. is embarking on a wide-ranging, $500 million brand extension strategy led by the launch of stand-alone used-vehicle stores. The retailer’s AutoNation USA used-vehicle stores will begin operating next spring, with the first store planned for Houston. – Automotive News

America’s First raises money for local groups

America’s First Federal Credit Union recently presented the Autism Society of Alabama, Red Mountain Park, and Alabama Institute for the Deaf and Blind each with significant donations. The more than $75,000 raised in this employee-driven Community First campaign was split among the organizations. – News release

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