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Top News Links: Wednesday, Sept. 11

U.S. regional banks root for feds to loosen grip on interest rates

Regional lenders, such as Birmingham-based Regions Financial Corp., are rooting for the Federal Reserve to let interest rates rise, a move that could help their results. — Bloomberg

Daimler exec speaks out on works council

An executive for Mercedes parent Daimler AG says there is no need for a German-style works council at the automaker's Tuscaloosa County plant. That idea is one being pushed by the United Auto Workers union. — al.com

U.S. Volkswagen execs forced to sign UAW letter

According to U.S. Senator Bob Corker, U.S. executives at Volkswagen's AG plant in Tennessee were forced by a German board member to sign a letter disclosing the United Auto Workers' efforts to organize the factory. — Reuters

Alabama mortgage loans rank below national average

According to Core Logic, about one in 10 Alabama residents with a mortgage owed more on the loan than the value of the home through June, a figure that ranks below the national average; about 14.5 percent of all U.S. mortgage borrowers are "underwater" on their home loans. — al.com

U.S. to import chicken from China

The federal government's decision to lift a ban on importing processed chicken from China has left many Alabamians confused and wary. The Poultry and Egg Industry in Alabama is a $15 billion business. — WNCF TV

Vernon company buys Sanders Oil

Mississippi-based Sanders Oil Company has been sold to Midstates Petroleum Company in Vernon, Ala.— ABC 3340

Algix grand opening planned for this week

Algix, LLC will host a Grand Opening and Summer of Algae Event on Sept. 13 at its location on U.S. Highway 80 West near Marion Junction, Ala. The event includes a presentation of the current state of the overall algae industry and the role Algix plays in this rapidly expanding business. — Algix PR

BBVA Compass corporate offices on the move in Mobile

BBVA Compass will relocate its Mobile corporate offices to the RSA Van Antwerp building on Dauphin Street. The bank has signed a lease to occupy three floors of the building beginning in the summer of 2014. — MarketWatch

Forbes gives shout out to Birmingham's Innovation Depot

Downtown Birmingham’s business incubator, Innovation Depot, got a plug this week from Karsten Strauss in Forbes magazine’s entrepreneurship blog. — al.com

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