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Top News Links: Wednesday, May 21

Asahi Kasei plans second facility

Asahi Kasei Plastics North America will invest more than $30 million to open its second U.S. production facility in Limestone County, employing up to 100 people, officials said Tuesday. It will process plastic resin into finished pellets for plastic injection molding facilities that make auto components. – Made in Alabama

Regions to pay $10M in fraud case

Regions Bank will pay a Baldwin County sewer company nearly $10 million in compensation for defrauding it in a series of complex interest rate swaps, an arbitration panel has ruled. – AL.com

Yankees’ loss is Alabama’s gain

Remington's decision to relocate production of two firearm lines from Ilion, New York to Huntsville has drawn criticism that the northern state's harsh gun laws are costing jobs. But New York isn't the only place losing out due to the gunmaker's move. – AL.com

BCA-related PAC gives big to Dial

A political action committee affiliated with the Business Council of Alabama poured nearly $200,000 into statewide political campaigns last week, a surge that may be intended to counter a similar Alabama Education Association spree. “I would have been glad to get more,” said Sen. Gerald Dial, R-Lineville. – Anniston Star

AstraZeneca exec to speak at conference

BioAlabama, the life science trade association for Alabama’s biotechnology industry, has confirmed Chris Yochim as the keynote speaker for this year’s 2014 Annual Meeting on May 29, 8 a.m. – 3 p.m. at the Doubletree Hilton Birmingham. – Business Wire

DeAngelis Diamond Healthcare expands

DDHG started construction on two new projects at San Juan Capestrano Hospital in San Juan, Puerto Rico this month. The project cost will be $9.4 million and both projects are expected to be completed in March, 2015. – DDHG News release

Hutchinson new CEO of Mobile tourism

Al Hutchinson has been named CEO of the Mobile Bay Convention & Visitors Bureau, according to board chairperson Karen Outlaw Atchison. Hutchinson, who begins July 1, replaces David Randel, who announced his retirement earlier this month. – AL.com

Hibbett may outlast Dick’s after all

Dick's Sporting Goods (DKS -16.1%) sunk to near a two-year low Tuesday after the company reset sales and profit expectations. Though the company has a vibrant e-commerce channel, its massive retail footprint keeps scale an issue on the cost side. Alabama’s Hibbett Sports was down 2.2 percent by comparison. – Seeking Alpha

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