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Top News Links: Tuesday, June 7

Riley: Hubbard tried to obey all laws

Former Gov. Bob Riley said on the witness stand Monday in Opelika that he thinks House Speaker Mike Hubbard took precautions to obey the state ethics law. In cross-examination at Hubbard’s ethics trial by Hubbard's defense lawyer, the former governor said Hubbard sought guidance from the director of the state ethics commission after he took a job doing economic consulting work. – AP/SLT

Polaris reportedly interested in MV Agusta

As much as MV Agusta is a famed and storied motorcycle company, its history is checkered with failure. Yet rumor has it that Polaris Industries may be interested in helping to get the bike maker up and running. But both Harley-Davidson and Mercedes failed to make a go of it, and there's no reason to think the same fate doesn't await Polaris if it wades into the morass. – Motley Fool

Yellen: Don’t look for a Fed rate hike anytime soon

Federal Reserve Chairwoman Janet Yellen affirmed Monday that the central bank won’t be raising short-term interest rates until new uncertainties about the economic outlook are resolved. Her comments, delivered at the World Affairs Council of Philadelphia, echoed conclusions investors drew Friday after the release of disappointing job market data. – Wall Street Journal

Austal wins $4.9M Navy engineering contract

The U.S. Navy has awarded four contracts to Austal in Mobile to carry out post-shakedown availability on two of its littoral combat ships (LCS), USS Jackson (LCS 6) and the future USS Montgomery (LCS 8). Under the $4.9m contract, Austal will provide engineering and management services in support of the development of bridge wings and additional berthing for both the LCSs. – NavalTechnology.com

MLB star Jake Peavy investing in music

Baseball star Jake Peavy's new recording studio in downtown Mobile has just become fully operational, but an audio industry news outlet already has ranked it as being among "the world's finest in studio design." Peavy, a pitcher from Mobile who has won World Series titles with the Boston Red Sox and his current team, the San Francisco Giants, bought the facility at 651 Dauphin St., formerly the home of the Jada recording studio, and invested in extensive work to overhaul the space and equip it with world-class gear. – AL.com

Panasonic Avionics opening office in Mobile

Panasonic Avionics Corp., a supplier of inflight entertainment and communication systems in passenger aircraft, is opening an office at the growing Mobile Aeroplex. The news, announced by the Mobile Airport Authority, represents the latest addition to what is the growing aerospace cluster of companies springing to life around the 1,700-acre industrial complex, home to the $600 million Airbus plant that assembles the family of A320 passenger jets. – AL.com

Singing River Health System pension case resolved

A federal court in Mississippi has approved a $149,950,000 class action settlement negotiated by attorneys with the law firms of Cunningham Bounds, LLC in Mobile, Alabama and Reeves & Mestayer, LLC in Biloxi, Mississippi. The settlement resolves claims on behalf of more than 3,000 Singing River Health System employees, retirees, and other plan beneficiaries related to the pension crisis that has been embroiling the hospital for more than a year. – PRNewsWire

‘Prairie Home Companion’ weighs in on Braves move

Garrison Keillor brought his national radio show “Prairie Home Companion” to Atlanta one last time over the weekend. As a farewell present to Atlanta, before a packed Fox Theatre audience on Saturday, Keillor thwarted the move of the Braves to Cobb County. Fictionally, anyway. In “Guy Noire: Private Eye,” the weekly variety show took aim at the ball club’s decision to abandon Turner Field, “one of the most beautiful ball parks in the history of baseball,” in favor of “an ugly new field in the midst of miles of shopping malls and office park. – AJC.com

Study: Alabama 44th in 2015 state-by-state performance

While 2015 was a banner year for the U.S. economy, thanks to a strong dollar, job gains, lower oil prices, increased consumer spending, and general improvements in the housing and business sectors, Alabama’s economy only managed to land in the back of the pack in terms of state economies. – WalletHub

Adtran announces ProCloud Subscription Services

Adtran, a leading provider of next-generation open networking solutions, has announced ProCloud Subscription Services— a first of its kind managed services program where businesses can take advantage of the latest wired and wireless networking technologies at an affordable monthly price. – News release

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