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Top News Links: Tuesday, June 24

Feds investigating Sterne Agee's former leadership team

Blooomberg reports that federal officials are investigating whether Sterne Agee's recently replaced CEO James Holbrook Jr. and his son William misused company assets while leading the Birmingham-based financial firm. The Holbrooks' attorney calls investigation "a lot to do about nothing." — Bloomberg

Rocket defense team stops test missile in flight

The U.S. Missile Defense Agency and a team of contractors led by Boeing successfully intercepted and destroyed a test missile in flight over the Pacific Ocean this weekend, demonstrating a key element of the nation's Ground-Based Midcourse Defense system. Key members of Boeing's team are based in Huntsville. Lockheed Martin, also with key staff in Alabama, launched the target missile. — Boeing/Lockheed Martin

Faculty salaries up at state's universities

Salaries for faculty members at the state's public universities have increased as much as 34 percent over past decade. — Florence TimesDaily

Honda recall extended to Alabama

A recall of Honda models with potentially dangerous airbags has been expanded to Alabama and other states with high humidity, company officials reports. — Reuters

Chelsea best for home ownership in Alabama, website reports

The consumer advocate website NerdWallet says Chelsea is the best community for home ownership in Alabama based on the number of homeowners, the percentage of income required to cover a mortgage payment (24.2 percent) and other factors.  Calera, Helena, Trussville, Pelham, Moody, Alabaster, Pleasant Grove, Madison and Leeds also made the list. — NerdWallet

Red snapper rules up for vote Friday

A proposed change to red snapper allocation is pitting sport fishermen and against commercial fishermen, with restauranteurs joining the commercial side. The current allocation is 51 percent for commercial and 49 percent for sport and the Gulf of Mexico Fishery Management Council will vote Friday whether to increase the allocation for sport fishermen.  — New Orleans Times-Picayune

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