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2007 Business School Rankings Article

Southern Community profits shrink The Business Journal of the

Southern Community Financial Corp. earned $603,000 in the second quarter of 2008, down from $1.9 million a year earlier, according to an announcement.

The Winston-Salem-based Southern Community (Nasdaq: SCMF) said earnings were reduced by an increase to the amount set aside to cover loan losses. Net charge-offs increased to 0.28 percent of average loans in the second quarter, up from 0.11 percent in the first quarter of 2008.

Nonperforming assets rose to $14.2 million by the end of the quarter or 0.8 percent of total assets, from $8 million or 0.48 percent as of March 31.

Net interest income rose 7 percent in the quarter to $11.8 million compared to $11 million in both the first quarter of this year and the second quarter of 2007. Non-interest income was also higher. more

Letter: 'Local' businesses should support local economy

As a longtime resident of Vero Beach, I have seen residents and businesses supporting the local economy almost constantly. But in recent years, as big businesses take over smaller ones, “Supporting Your Local Business" has gone out the window.

On a recent visit to a new bank on State Road 60, I noticed an out-of-county company performing work on the interior of the building. Why can't we support our community?

This bank wants all its depositors to stay, yet from what I have seen almost everything it has done has been accomplished by out-of-town companies. How can this bank's customers support it when the institution doesn't support its depositors?

A lot of other companies are doing the same thing. The new shopping center on Route 60 and 58th Avenue was built by an out-of-town company, as was just about all other new construction along that corridor. more

Housing Bill Includes Sweeping Data Reporting Provision

The housing bill includes a sweeping provision requiring credit and debit card firms to report the transactions of certain businesses to the IRS, sparking privacy concerns and stirring the ire of the small business community.

Small business lobbyists plan to aggressively push back on the language requiring firms like MasterCard and Visa to give the IRS data on businesses that have made at least 200 transactions annually that together total $20,000 or more.

The provision says that any company that processes electronic payment transactions will have to report to the IRS the annual gross receipts of those transactions for each merchant beginning in 2010.

The soon-to-be law "will have a significant, negative effect on the small business community," said Kristie Darien, executive director with the National Association for the Self-Employed. more

Pearl Companies First in US to Implement Latest Wynsure Software

It will be replacing existing legacy systems at the Pearl Companies.

This collaboration between Pearl Companies and Wynsure Insurance Solutions is the first U.S. implementation of the product and will be key to the expansion of Pearl's Affinity and Worksite Marketing businesses, Wynsure's practice, and the CGI/Wyde alliance. Consultants from both CGI and Wyde have been aggressively working onsite with Pearl's teams at their headquarters in Peoria, Ill., and in Albany, N.Y., to help promote a seamless transition to this new software.

"This software implementation exemplifies the innovative projects we develop at Pearl to stay ahead of our competition. Of course, advances such as these come with risks, but we take precaution to prevent any breach of our systems," explains Gary Pearl, President and Chief Executive Officer of the Pearl Companies. more

Latest 2007 Business School Rankings News

Takin' care of business - Amarillo Globe-Times

The Swifts' seven seniors also were part of the 2007 state ... coming down here for a business trip and not worried about having fun. We said we'll have the fun afterwards." The Mustangs had held the top spot in the statewide rankings since defeating ...

Metro Guide Online - Omaha World-Herald

... was able to maintain his grades and graduate from Bellevue West High School ... Association and AMA rankings throughout his amateur career. In 2004 he scored his first national win at the Branson USA Championships. Draper turned pro in 2007,

After home roll, Mavs look to cook on road - Omaha World-Herald

There weren't many nights during the 2009-10 hockey season when UNO didn't take care of business at home. The Mavs have a tradition of gathering with their fans and singing the school song after ... seniors were sophomores in 2007-08, UNO finished 8 ...

As Asia's fortunes rise, Shenzhen steps up - People's Daily Online

... business environment, infrastructure, market access and general competitiveness. The latest report is the seventh GFCI, which has been produced biannually by the Z/ Yen Group for the City of London Corporation since March 2007 ... rankings.

ABOR needs to debate value of college education - Tucson Citizen

But will the UA be an 88 percent better school in 2010-2011 than it was in 2006-2007? Or is it the same school, just 88 percent more expensive ... It’s all about prestige, school rankings, new buildings, high salaries and billions of dollars in ...

Other NCAA Tournament Capsules: No. 1 seed Syracuse ... - Brownsville Herald

I’m looking at it positive, taking it day by day," said Onuaku, the school’s career leader in field-goal percentage ... Jon Scheyer, Lance Thomas and Zoubek were freshmen on the 2007 team that went one-and-done. They won their NCAA tournament ...

New Bike City - Austin Chronicle

... the Lance Armstrong Bikeway, a new major west-east route, opened a safe, dedicated path: The off-road portion starts at Austin High School (near ... successfully made the business case for adding new positions, one in 2007 and another in 2008 ...

'Worst place' ranking still rankles - Appeal-Democrat

But in 2001, Forbes named it No. 1 for "Best Places" to do business in California. It's also one of the fastest-growing cities in the U ... The rankings relied on data from government agencies and a few private sources. Chico ranked 177 and ...

In time for SXSW, Austin rolls out miles of new bike ... - Austin Chronicle

Butler Among the Best? - West Virginia University Mountaineers

Speaking of national rankings ... in 2007 he talked about going into other people’s gyms with no fear. He wanted his teams to have the mindset that they can win anywhere. This year’s team has taken that to heart. West Virginia set a school record ...