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Top News Links: Tuesday, October 4

Federal court rules against Mercedes on union issue

Mercedes-Benz US-International is in violation of federal labor law for prohibiting employees from organizing inside the Tuscaloosa County plant when they are off the clock, an appeals court ruled on Monday. The U.S. Court of Appeals for the 11th Circuit upheld a 2014 ruling by the National Labor Relations Board that Mercedes employees are free to solicit other employees to join the UAW Local 112 on the plant site. – Industry Week

County’s attorney to see $6M as part of Wal-Mart deal

A prominent South Alabama attorney who represents the Mobile County Commission is set to receive upwards of $6 million as part of a land deal that will enable retail colossus Wal-Mart to build a distribution center in Alabama. James Earl Atchison, 72, who owns and runs a law firm bearing his name, will ultimately receive funds put up by the State of Alabama, the City of Mobile, and the Mobile County Commission. – AL.com

Utz finalizes purchase of Golden Flake

Golden Flake's sale is complete, and the iconic Birmingham brand is no longer Birmingham-owned. Hanover, Pennsylvania-based Utz Quality Foods announced in July it had entered into an agreement with Golden Enterprises, Golden Flake's parent company, to purchase the chip maker for $141 million. – AL.com

St. Vincent’s Chilton officially open for business

St. Vincent's Chilton hospital held a blessing, ribbon cutting and open house at its new location on September 30. Local officials and representatives joined St. Vincent's associates in the grand opening event. The new hospital, located at 2030 Lay Dam Road in Clanton, is a part of St. Vincent's Health System and Ascension's growing footprint in Alabama. – News release

Calhoun County foreclosures back to pre-recession levels

Lenders foreclosed on fewer Calhoun County mortgages over the last three months than they did in any third quarter in a decade. The drop follows the previous quarter, which also showed the fewest foreclosures since before the 2007 Great Recession. – Anniston Star

Trump tax revelations put focus on carrying losses forward

Speculation that Republican presidential candidate Donald Trump went years — maybe decades — without paying federal income taxes has generated questions about "loopholes" available to real estate developers. Experts say the tax code is indeed riddled with tricky ways to dodge taxes through sophisticated uses of trusts, partnerships, S corporations and so forth. – NPR

Bass Pro Shops buying Cabela’s in $5.5B deal

Bass Pro Shops is buying Cabela's in a $5.5 billion deal that brings together two prominent outfitters for the great outdoors. Bass Pro Shops sells fishing supplies, and Cabela's is a hunting store known for its taxidermy displays. There's plenty of crossover -- especially because both companies sell guns and ammunition. – CNN

Prospect, Vesper buy student housing at UA, elsewhere

Prospect Capital said pre-market Tuesday it invested $72 million together with Vesper Holdings to acquire eight student housing properties located at Division I colleges in five U.S. states. The acquired portfolio includes property at Texas A&M University, Texas A&M University Corpus Christi, Kennesaw State University in Georgia, Georgia Southern University, the University of Alabama, the University of Iowa and Kansas State University. – NASDAQ

Hyundai sales up slightly on subcompact sales

Hyundai Motor America’s U.S. sales crept up 4.1 percent in September while sales at its corporate sibling, Kia, were down 1.2 percent. Hyundai sold 66,610 vehicles in the U.S., making it a record September, the automaker said. – Automotive News

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