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Top News Links: Wednesday, October 25

Aerojet Rocketdyne breaks ground in Huntsville

Aerojet Rocketdyne officially launched work Tuesday on a new 136,000-square-foot advanced manufacturing facility in Huntsville, reinforcing the status of Alabama’s “Rocket City” as a major center for innovation in the aerospace and defense sectors. Aerojet Rocketdyne President and CEO Eileen Drake said the company’s expansion plans will bring roughly 800 jobs to Huntsville. – Made In Alabama

Canfield leads Alabama delegation to SEUS Japan 40

The 40th Annual Joint Meeting of the Southeast U.S.-Japan & Japan-U.S. Southeast Associations, known as SEUS Japan 40, is being held in Greenville, South Carolina, this week. Alabama Commerce Secretary Greg Canfield is leading the 28-member Alabama delegation and spoke at the opening session. – ANC

German delegation making three stops today in state

A German political delegation will be making several planned stops in Alabama Wednesday to discuss trade and business ties. In all, the delegation will be making stops in Birmingham, Montgomery and Tuscaloosa as part of a swing through the U.S. from California to Washington, D.C. Its theme is "The Future of the Automobile - Trade, Production and Technology." – AL.com

Field continues to narrow for auto plant glory

Another state has announced it is out of the running for the proposed $1.6 billion Toyota-Mazda plant, but the picture is a little clearer as to what the auto companies are looking for. Indiana is no longer among states being considered, according to the South Bend Tribune. That comes a week after Illinois and Nebraska were crossed off the list, and sources reported the pool was down to three Southern states. – AL.com

Regions posts 3rd quarter earnings up $296 million

Regions weathered the storm—literally—in the third quarter. Despite the effects of hurricanes in the Southeast, Regions Financial Corp. reports available to common shareholders from continuing operations of $296 million and earnings per diluted share from continuing operations of $0.25. – AL.com

Mississippi bank buying Chatom bank for $60M

A Mississippi bank announced Tuesday that it would buy an Alabama bank for $60 million, expanding its footprint in southwest Alabama. The First Bancshares Inc. of Hattiesburg says it will acquire Southwest Banc Shares Inc. of Chatom, Alabama, paying $36 million in stock and $24 million in cash. – AP/Seattle Times

BBA’s Talent Recruitment Project happens Friday

More than 100 college students looking to land jobs with two dozen local companies will pack one of Birmingham’s coolest venues, Iron City, on Friday at the Birmingham Business Alliance’s annual Magic City Classic Talent Recruitment Project. Companies can still register to participate, and local college students can contact the BBA for details. Employers will connect with recent graduates and students representing organizations including National Society of Black Engineers (NSBE), National Association of Black Accountants (NABA), Innovate Birmingham, Covalence and more. – News release

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