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Top News Links: Thursday, April 9

Bentley: ‘Let’s solve the problem’

Gov. Robert Bentley, who discussed the crisis facing Alabama's General Fund and his solution to the problem Wednesday in Montgomery, said that serious state cuts are on the way if lawmakers don't pass his proposed $541 million tax package. "If people say, 'Well, we hear this every year,' well, you know what? Let's quit saying it. Let's solve the problem once and for all." – AL.com

Mercedes starts GLE production in Tuscaloosa

Mercedes-Benz has started production of GLE Coupé at its plant in Tuscaloosa. The GLE Coupé is a new series of Mercedes-Benz that incorporates characteristics of a coupé with SUV. The company said it will revamp majority of its SUV portfolio this year, including the model update of the former M-Class, GLE. – ABR

Drummond suing its Colombian critics

Drummond Company Inc. has thrown another punch in its fight against those who claim it collaborated with a paramilitary organization in the murders of Colombian civilians to protect its coal interests in that South American country. The Alabama-based coal company recently filed a lawsuit that alleges several lawyers, an advocacy group, and a Dutch competitor, are involved in a criminal campaign to extort money from Drummond. – AL.com

Details emerge from first Alabama One complaint

An Alabama One employee allegedly helped forge the signatures of two long-term members in order to steal $22,000 from their home equity line of credit, according to court records. The November 2013 litigation was the first of the seven, so far, legal complaints that members of the $603 million Tuscaloosa credit union have filed against the cooperative. – CUTimes

Does incentive reform package go far enough?

Aside from a few technicalities yet to be ironed out, it appears the Alabama legislature is prepared to send the Made in Alabama Job Incentive Package to Gov. Robert Bentley's desk in 2015. The reform will transform the way in which the state incentivizes corporations when recruiting jobs or expansions from existing industries. – BizJournals.com

State Democrats say it’s lottery time

Democrats in the Alabama House of Representatives say the time has come for Alabama to consider legalized gambling as a revenue source. House Democrats announced a legislative agenda Wednesday that includes creating a state lottery and urging the governor to negotiate a compact with the Poarch Band of Creek Indians. The tribe would be allowed to operate table games in exchange for giving the state a share of the revenue. – WAFF

War Eagle Supper Club to close doors

Wednesday afternoon, John Brandt arranged dozens of merchandise orders on the front bar of the War Eagle Supper Club after going without a single one in the last month. Earlier that morning, Brandt confirmed with The Corner News the War Eagle Supper Club would close its doors at the end of 2015. New Year's Eve will be the Supper Club's last night on South College Street. – AP/The Republic

Sanders Trust buys facility in Asheville

The Sanders Trust, a healthcare real estate investment company in Birmingham, has acquired 20 Medical Park Drive, an approximately 24,000-square-foot medical office building in Asheville, N.C., originally built in 2005. The $11.6 million acquisition is part of a joint venture between The Sanders Trust and its capital partner Harrison Street Real Estate Capital, LLC of Chicago. – News release

Alabama near top in cash home sales

Cash sales made up 38.9 percent of total home sales in January, down from 41.4 percent a year earlier, according to a new report Thursday from financial information company CoreLogic Inc. Florida had the largest share of any state at 56.3 percent, followed by Alabama (54.7 percent), New York (48.2 percent), Indiana (47.4 percent) and Missouri (47 percent). – Central Valley Business Times

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