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Top News Links: Thursday, Dec. 17

‘Major announcement’ today for Intergraph

The city of Madison will hold a press conference today to make a "major announcement" regarding the Intergraph campus in Madison. The engineering and geospatial software company will join Madison County Commission Chairman Dale Strong, Commissioner Steve Haraway, Madison Mayor Troy Trulock, Madison Council President Tommy Overcash and Councilman DJ Klein for the 10 a.m. event on 305 Intergraph Way. – AL.com

After nearly a decade, we have liftoff

America's first interest rate hike in nearly a decade is here. The Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5%. The rate hike is a small one, but it will affect millions of Americans, including investors, home buyers and savers. Savers should eventually see a little more interest on their deposits at the bank, but big banks didn't make any increases Wednesday. Mortgage rates will gradually rise. – CNN

Steris Corp. cuts ribbon on new headquarters

Executives from Steris Corp. were in Birmingham this week to attend a ribbon cutting ceremony for its new global specialty services headquarters, which the company began renovating after acquiring Birmingham-based IMS for $175 million last year. The company renovated the former U.S. Pipe building in the Sloss Business district for $8 million. The 75,000-square-foot building houses 400 employees. – BizJournals.com

Bell withdraws complaint in city hall fight

Birmingham’s mayor on Wednesday withdrew his complaint against a city councilman after a fight at City Hall that left both men hospitalized with minor injuries. Mayor William Bell said in an emailed statement that he was withdrawing his complaint against Councilman Marcus Lundy out of concern "about the overall good of the city." – AP/Post-Bulletin

Lewis Innovative Tech acquired by Mercury

Mercury Systems Inc. (NASDAQ: MRCY) announced that it has acquired Lewis Innovative Technologies Inc. (LIT). A privately held company based in Decatur, LIT is at the forefront of technology development necessary to protecting systems critical to national security while meeting strict DoD Program Protection Requirements. – Street Insider

Zeigler sounds alarm over U.N. ‘intrusion’

Alabama State Auditor Jim Zeigler earlier this week issued a statement saying that the U.N. was launching “a major assault on Alabama laws protecting children” and warning that its investigation in Alabama and two other states is “the next step of an agenda to impose U.N. standards in every state that does not resist this intrusion.” – SPLCenter.org

Contractors say state has a slow-pay problem

Contractors and a group representing them said this week that the state has been slower than usual in paying them over the past several months, because of problems implementing a new system. “We had to borrow money to pay the bills because our vendors and suppliers still expect to be paid,” said Cody Corley, secretary-treasurer of the Pelham-based Bridge Builders of Alabama, which has worked on about 37 projects for the state since the start of 2014. – Montgomery Advertiser

Doster completes HealthSouth facility in Tennessee

Doster Construction Co. recently completed the HealthSouth Rehabilitation Hospital in Franklin, Tennessee, which began accepting its first patients Tuesday. The approximately $14.6 million project consists of a new 40-bed structural steel building that includes an outdoor therapy area, therapy gym, kitchen and dining area, and pharmacy.  Site work for the 50,837 square foot project began in November 2014 and the project wrapped up last month. – News release

ACREcon 2016 set for Jan 29 in Birmingham

Whether it’s higher sales, higher paying tech jobs or a higher sense of well being, the commercial real estate industry can expect to level up over the next 12 months, following the Alabama Center for Real Estate‘s 16th annual Commercial Real Estate Conference & Expo. ACREcon 2016 will take place on Jan. 29 at the Cahaba Grand Conference Center in Birmingham. – AlabamaNewsCenter.com

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