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Top News Links: Thursday, Oct. 22

G-P plans $110M upgrades in Monroe County

Georgia-Pacific today announced plans for $110 million in upgrades to its Alabama River Cellulose (ARC) mill. The investments include replacing one of the mill's two existing wood yards that process incoming logs, upgrading the other wood yard and a major upgrade to one of the mill's machines that produce pulp. – PR Newswire

Chelsea Crossings sells for $3.4 million

A Chelsea shopping center has sold for $3.4 million. Chelsea Crossings is a 37,850-square-foot property at 16054 U.S. 280. Tenants include CATO Fashion, Dollar Tree and Anytime Fitness. The center shares an intersection with Wal-Mart. Josh Randolph of Colliers International | Alabama represented the seller. – AL.com

Payday loans in state running at $14M a week

A new state database shows that Alabamians are borrowing millions of dollars every day from payday lending stores. The database created by the Alabama Department of Banking found that people took out 462,209 loans over a 10-week period. A total of $146 million was borrowed, or an average of about $14 million each week. The state created the database to enforce an existing law that limits people to borrowing no more than $500 at a time. – AP/NewsTribune

Faster jet production hikes Boeing profits

Faster production of commercial jets continues to drive profits at the Boeing Co., which saw earnings jump 25 percent in the third quarter. It also raised its earnings outlook for the year. The Chicago-based company on Wednesday posted a $1.7 billion net profit, up from $1.36 billion during the same period last year. – WAAY

Calhoun college dean to be paid $78,000 to not work

A settlement between Calhoun Community College and Bethany Clem-Shockney, dean of Business/CIS, Technology and Workforce Development, will allow her to remain on administrative leave with pay through March 31 and then retire. Based on her annual salary of $125,319, Calhoun will pay Clem-Shockney about $78,000 during her administrative leave of almost 7½ months. – Decatur Daily‚Äč

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