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Top News Links: Friday, July 8

Caddell wins $156M contract for Sri Lanka embassy

Caddell Construction Co. of Montgomery has been awarded a design/build contract totaling $156 million to build the new U.S. Embassy in Colombo, Sri Lanka. The project consists of an office building, U.S. Marine residence and other structures. This contract represents Caddell’s 26th for the U.S. State Department since 2000, for a total of $2.9 billion. – News release

Former bankers charged with conspiracy, wire fraud

Two former Regions Bank vice presidents were indicted Thursday by a federal grand jury for conspiracy in a $5 million bribery and wire fraud scheme. A 39-count indictment filed in U.S. District Court charges Richard Alan Henderson, 57, of Hoover, and Philip Henry Cooper, 66, of Birmingham, with conspiracy, bank bribery, wire fraud affecting a financial institution and money laundering. – AL.com

Legislators clear $200,000 to spend on scandal legal fees

A legislative committee Thursday approved contracts that will pay a law firm up to $200,000 to represent Gov. Robert Bentley and Alabama Law Enforcement Agency Stan Stabler in a civil lawsuit, but not without some mild criticism from members. “It’s not lost on this committee this is taxpayer money being used as we wade through these legal challenges,” said Sen. Bill Holtzclaw, R-Madison, the chairman of the Contract Review Committee. – Montgomery Advertiser

Alabama Power CEO Mark Crosswhite has big picture

Mark Crosswhite never owned a slide rule as past CEOs and presidents of Alabama Power have who were engineers. That's because history majors and law students don't need the tools engineering students need. The company’s mission? "Fundamentally our purpose for being here is to make Alabama a better place," said Crosswhite, 53. – AL.com

Average new-vehicle loan term now 68 months (5.6 years)

The average new-vehicle loan term has been on a continuous climb. In retrospect, based on vehicle affordability, the rise seems to have been inevitable. Every quarter for the last two years, new-vehicle loan terms have increased one month on a year-over-year basis. The average loan term climbed to 68 months in the first quarter of this year, an all-time high. – Automotive News

Tax amnesty program gives second chances to many

Alabama is in the middle of offering a tax amnesty program for those who may have unpaid taxes. According to Alabama Revenue Commissioner Julie Magee, the program will allow those who have unpaid taxes to pay them without being prosecuted. “To come out of the darkness as we say," Magee said. – WSFA

Town maneuvers alligator park challenges after Disney debacle

When Tiffany Durant brings her family to the unusual preserve in Daphne, the hope is to spot an alligator lurking in the murky water of D'Olive Creek. But during one recent visit to Gator Alley Boardwalk, Durant instead spotted a group of visitors ignoring the hard-to-miss "Do Not Feed the Alligator" signs while tossing marshmallows to the large reptiles. – AP/TimesDaily.com

Total Quality Logistics to open second Alabama office

Total Quality Logistics will open a new sales office in Birmingham this September. The office, TQL’s 54th nationwide and second in Alabama, will be at 2317 Third Ave. North. TQL Mobile originally opened in July 2014 but moved to a new location in Spanish Fort earlier this year. – AJOT.com

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