USA Funds introduces enhanced student loan default prevention service
INDIANAPOLIS, IND., Oct. 21, 2014 (GLOBE NEWSWIRE) -- USA Funds® has introduced an enhanced student loan default prevention service that helps colleges and universities better target outreach to and counseling of student loan borrowers. USA Funds Borrower Connect Advantage™ combines powerful analytics and early intervention to help schools improve their cohort default rates by helping more of their former students successfully repay their loans.
AR and MVG sign Memorandum of Agreement to provide turnkey solutions
PARIS, Oct. 21, 2014 (GLOBE NEWSWIRE) -- AR brings its brand name, experience, and extensive line of EMC and RF/Microwave products to marry with MVG installation expertise and diverse product range, starting with MVG-EMC shielded anechoic chambers, shielded rooms and absorbers products, to deliver quality, high performance turnkey products for EMC and other markets.
Southcoast Financial Corporation
Southcoast Announces 2014 Nine Months and Quarterly Results
MT. PLEASANT, S.C., Oct. 21, 2014 (GLOBE NEWSWIRE) -- Southcoast Financial Corporation (Nasdaq:SOCB) announced that it had unaudited net income of $2,385,000, or $.34 per diluted share, for the nine months ended September 30, 2014. This compares to unaudited net income of $8,735,000, or $1.23 per diluted share, for the nine months ended September 30, 2013. The difference in net income between the two periods primarily relates to the one-time tax benefit of $6.4 million derived from the recapture of the Company's deferred tax asset during the nine months ended September 30, 2013. The September 30, 2014 net income per share is based on 7,089,630 diluted average shares compared to 7,074,183 diluted average shares for 2013. Income before income taxes increased by 47.8% to $3,506,000 in 2014 from $2,372,000 in 2013. The 2014 pretax results were influenced by a growth in loan interest income, reduced funding costs and reductions in noninterest expenses.