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Top News Links: Tuesday, June 3

Hottest races today not atop ballot

The lack of an incumbent for secretary of state has drawn three Republican hopefuls. State Rep. John Merrill of Tuscaloosa, Crenshaw County Probate Judge Jim Perdue and former Montgomery County Probate Judge Reese McKinney are competing for the GOP nomination. – AP/Alabama's 13

Lawsuit: Broker lied, quit, kept bonus

A broker hired by Sterne Agee & Leach vastly overstated his production at his previous employer and the value of assets he managed there to get a job at the Birmingham investment banking firm, then quit without repaying more than $400,000 in bonus money, a lawsuit claims. – AL.com

Oxford, Decatur & Monroeville on list

Main Street Alabama has selected the next three towns for a downtown revitalization initiative. Oxford, Decatur and Monroeville will benefit from the organization’s community and economic development programs. – News release

Supreme Court to review redistricting

The Supreme Court on Monday agreed to weigh a challenge to Alabama's most recent redistricting plan for state elections over allegations it diminishes the influence of black voters. The redistricting carried out by the Republican controlled state Legislature in 2012. – Reuters

Mercedes employees done with UAW

Employees who want to unionize Alabama's Mercedes-Benz auto plant say they no longer want to work with the United Auto Workers union to accomplish that goal. A core group of pro-union employees has asked the UAW to stop campaigning because the current effort has gone on too long without success. – AL.com

Evonik to open R&D center

Evonik Corp. will open a global innovation center for research and development of medical devices and technology at the company’s Birmingham facility. The multimillion-dollar project is expected to create up to 25 high-paying jobs, adding to Evonik’s current roster of about 100 local employees. – Made In Alabama

Tuscaloosa plans $20M in upgrades

Mayor Walt Maddox has unveiled almost $20 million worth of capital improvement projects that includes upgrades to Munny Sokol, Bowers and Hurricane Creek parks, road resurfacing work outside of the tornado recovery area, and sewer system improvements in downtown and west Tuscaloosa. – Tuscaloosa News

Grandbridge inks $21M Birmingham deal

Grandbridge Real Estate Capital recently closed a $21 million adjustable rate acquisition loan for the purchase of Lake Heather Reserve at Inverness, a 252-unit Class A garden-style apartment community in Birmingham. – News release

D.R. Horton acquires Crown assets

D.R. Horton Inc. reports the acquisition of the homebuilding operations of Crown Communities, which builds in Georgia, South Carolina, and eastern Alabama. The homebuilding assets include a sales order backlog of almost 420 homes sold, 640 homes in inventory and 2,350 lots. – Techsonian

Blue Creek Terminal deal reached

Walter Energy Inc. has reached an agreement in principle with the Alabama State Port Authority to sell both the Blue Creek Terminal located in the Port of Mobile and an additional parcel of more than 60 acres located less than a mile from the Blue Creek Terminal. – Techsonian

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