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Top News Links: Monday, Aug. 29

PricewaterhouseCoopers, creditors settle Colonial fraud case

Lawyers for accounting giant PricewaterhouseCoopers and a defunct mortgage company's creditors and investors have reached a settlement in a lawsuit involving audits at a failed Alabama bank. Attorneys from both sides confirmed via email Friday that the case involving the $5 billion lawsuit was settled "to the mutual satisfaction of the parties." – AL.com

Chinese investors discover middle America

In recent years, Chinese investors have been active in U.S. coastal markets like New York City and San Francisco, but now, a second wave of Chinese investors are targeting markets in middle America as well, reports HousingWire staffer Dan Ganguly. Some savvy investors are even exploring SFRs in tertiary metros like Cleveland; Columbia, South Carolina and Birmingham, Alabama, where yields ranged between 8% and 11% annually as of mid-year 2016. – Builder Online

It’s an Alabama lottery, Charlie Brown

A possible lottery for the state of Alabama has been a hot topic of late, with lawmakers fumbling toward a way to support allowing a lottery here without looking like they were responsible for ‒ gasp ‒ generating more revenue for the dang ol’ gumbment or allowing the evils of gambling into a state that already has dog tracks, Indian casinos and driving on Ross Clark Circle at 5 p.m. – Dothan Eagle

EpiPen debacle inspires calls for price controls

“Your money or your life,” a laugh line for the great comedian Jack Benny, must be the business model of the American pharmaceutical industry. It’s time for a serious national discussion on establishing price controls over Big Pharma. The latest provocation is the staggering increase in the price of the EpiPen, a necessity for people with life-threatening food and bee-sting allergies. The two-dose pack that cost about $100 in 2007 is priced at around $600 now. – Alabama Today

White-Spunner completes Citronelle High School

White-Spunner Construction, a leading contractor in the Southeast and ranked 19th largest general contractor in Alabama in 2015 by Business Alabama, has completed the new 97,000-square-foot Citronelle High School for Alabama’s largest public school system on time and in budget. More than 800 students in grades nine through 12 began classes in the new school on Aug. 10, 2016. – News release

Uber rate swings leave Alabama customers dazed

A spike in Uber rates sent the price of a ride from downtown Huntsville to the Huntsville International Airport area to between $90 and $120 Friday. The airport rate had dropped by early afternoon to between $25 and $34, making for a wild swing that left customers wondering in online forums like Reddit just what had happened. – AL.com

Embattled VW faces tough next-gen decisions

A duo of key crossovers arriving in 2017 will headline one of Volkswagen's busiest years in some time. After that, things get murkier, with questions clouding the future of the next-generation Passat midsize sedan, Touareg crossover and iconic Beetle. But VW executives have said the U.S. is a priority, and North America boss Hinrich Woebcken is working on a plan to build out its U.S. lineup to support its higher volume aspirations. – Automotive News

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