Surry Business

The N.C. Department of Environment and Natural Resources (NC DENR) is suggesting ways that food service establishments can reduce water usage, as well as maintain safe food. To find out more, visit http://ncra.affiniscape.com/associations/2228/files/waterconservation%5Frestaurants%2Epdf.

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Surry County natives Charlie and Ed Shelton will be inducted into the N.C. Business Hall of Fame on Nov. 15 in Charlotte. The hall of fame recognizes men and women who have made a significant contribution to North Carolina’s economic development. The Shelton brothers grew up in Mount Airy, N.C., across the street from the […]

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The N.C. State Board of Community Colleges has approved Dr. Deborah Friedman as the fifth president of Surry Community College in Dobson. She is presently vice president for human resources at Fayetteville Technical Community College. Friedman has been in the Community College System since 1980, having also worked at Sampson Community College. She succeeds retiring […]

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North Carolina’s number of employed workers grew by 30,600 workers in September, but the unemployment rate increased slightly to 4.9 percent, according to statistics released today by the N.C. Employment Security Commission. “Our state experienced growth in three areas during September,” said ESC Chairman Harry E. Payne Jr. “The labor force, the number of employed […]

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Southern Community Financial Corp. (NASDAQ: SCMF) in Winston-Salem, the holding company that owns Southern Community Bank and Trust, reported on Oct. 18 that net income declined by 17 percent to $1.7 million in the third quarter of 2007 compared with the third quarter of 2006. Diluted earnings decreased 17 percent to 10 cents a share […]

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Wachovia Corp. (NYSE:WB) of Charlotte today reported net income of $1.69 billion, or 89 cents per share, in the third quarter of 2007. The dollar volume is down 10 percent from $1.88 billion, or $1.17 per share, in the third quarter of 2006. After-tax net merger-related expenses amounted to 1 cent per common share in […]

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Bank of America Corp. (NYSE: BAC) reported Thursday that third-quarter net income declined 32 percent to $3.70 billion from $5.42 billion a year earlier. Diluted earnings per share fell 31 percent to $0.82 from $1.18. The lower net income resulted from a $1.33-billion decline in earnings in global corporate and investment banking “given the significant […]

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Omega Construction Inc. of Pilot Mountain has redesigned and improved its web site. The company unveiled the site’s new look and features this week. In addition to photos of past and present projects, Omega Construction’s web site includes “Construction Cam.” By clicking the link and controls that pan or zoom the camera, site visitors can […]

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BB&T (NYSE: BBT) reported Oct. 18 that diluted earnings rose by 3 cents to 80 cents a share in the third quarter. The earnings fell 4 cents short of the average forecast by analysts surveyed by Zacks Investment Research. However, the WInston-Salem-based bank increased its profit in the quarter while rivals Bank of America Corp. […]

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Insteel Industries’ fourth-quarter 2007 earnings were nearly half those in the comparable quarter in 2006, the Mount Airy company reported Oct. 18. On Thursday, Insteel’s stock price closed down almost 3.8 percent on the news, settling at a new 52-week low: $13.52. Analysts’ consensus estimate had been that Insteel would report fourth-quarter earnings of $0.36 […]

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