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Top News Links: Monday, June 5

Revamped historic tax credit should benefit smaller cities

The Staples-Pake building was built in downtown Mobile before the Civil War, used as office space for a cotton broker, and then turned into a bank before sitting in deteriorated conditions for years. But thanks to $1.3 million in state tax credits, the building is undergoing a $5.5 million renovation into loft-style apartments, with commercial space on the ground level. – AL.com

Regions to base trading in Charlotte, add jobs there

Regions Financial is prepping to grow its employment in Charlotte when it moves into a new office tower under construction uptown, where the regional bank plans to headquarter a trading operation, a top executive said. Alabama-based Regions will consolidate about 210 Charlotte employees next year to two and a half floors of the 615 South College tower but have space left over for about 40 more people. – Charlotte Observer

Piracy once again becoming a threat to big vessels

Across the world, pirates are setting sail on the high seas again, costing shippers and insurers hundreds of millions of dollars, after declining since the 2009 hijacking of the Maersk Alabama off Horn of Africa. Once contained by international policing efforts, piracy appears to be staging a comeback. – CNBC

Fort Payne restaurateur opens second venue

After running a successful restaurant in Fort Payne for about four years, Justin Sweeney has opened a second location in Chattanooga.  "I feel fortunate that I've been given the opportunity to capitalize on what was already in Highland Park," he said of the space that used to be a mattress store. "You don't have to go 2 miles [toward downtown] to build something special." – Nooga.com

What to look for in upcoming Senate race

Alabama’s upcoming special election may have voters feeling like the seasons are out of whack. The state’s residents will go to the polls in the dog days of summer, Aug. 15, to winnow a field of 10 Republican and eight Democratic candidates for the U.S. Senate seat that was vacated when Jeff Sessions became U.S. attorney general. – Gadsden Times

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