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Top News Links: Friday, August 15

Relief coming for mid-sized banks

All but the biggest U.S. banks could see relief from some financial reforms after the November elections even if control of the U.S. Congress remains divided. Post-election committee leadership changes and growing momentum behind bipartisan fixes may lead to tweaks to the 2010 Dodd-Frank law for small community banks and even larger firms such as Regions Financial. – Reuters

Southern Company outsourcing coal

Southern Co., which has 63 coal-fired power generating units in four states, has bought 25% more imported coal than expected, even as coal mines in Appalachia close. It costs $26 a ton to ship coal from Central Appalachia to power plants in the Deep South compared with $15 a ton to get coal from Colombia, according to one analyst. – WSJ

Partnership of big, small works well

It's been a year and a half since Northrop Grumman took Davidson Technologies under its wing, and so far, the partnership has been nothing but positive for the Huntsville-based small business. – AL.com

Ready-to-drink dairy chai launches

Marshall Malone is a tea expert. He’s traveled the globe to learn about the world’s varieties of loose teas and their place in different cultures. So it’s no surprise that his newest tea company, Alabama Chai, has created the first ready-to-drink dairy chai beverage in the country. – WeldBham.com

A million or two for tuition

Tuition at top-tier prep schools—those awarded a 9/10 or 10/10 by the national nonprofit GreatSchools —averages about $40,000 a year for fees, according to real-estate website Trulia. Between 12 and 15 percent of Alabama grade school children are in private school, in the nation’s statistical midrange. – Market Watch

Port of Decatur has new owner

After 43 years as owner of the Port of Decatur, Decatur Transit Inc. has sold the facility to Tuscaloosa-based Parker Towing Co, which plans to keep the 25 employees at the port. According to court records, Parker Towing bought the Market Street Northwest facility for $1.63 million. – Decatur Daily

Bice bags 25 percent pay raise

State Superintendent Tommy Bice is getting a raise — a big one. Over the objections of two members, the state school board voted, 6-2, on Wednesday to give Bice an approximately 25 percent raise, bumping his annual salary to $250,000, plus benefits. – The Montgomery Advertiser

AAJ honors attorney Navan Ward Jr.

Beasley, Allen, Crow, Methvin, Portis & Miles, P.C. shareholder Navan Ward Jr. was selected as a 2014 recipient of the American Association for the Justice Wiedemann & Wysocki Award. The award is presented annually to lawyers who demonstrate a commitment to high standards. – Montgomery Advertiser

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