Business In Brief - October 23, 2007

Cheryl Boyd named top ReMax agent in S.C.

FORT MILL -- Cheryl Boyd, a real estate broker with ReMax Executive Realty in Fort Mill, was recently recognized as the top ReMax agent in the state of South Carolina and No. 59 in the United States out of more than 120,000 agents.

Inner Awakening Mobile Massage and Spa open

Holly Beebe, a licensed massage therapist in the two Carolinas, has opened Inner Awakening Mobile Spa and Massage to serve the York County area.

The business offers in-home massage and body treatments, including body wraps and scrubs. The following types of massage are offered: deep-tissue, neuromuscular therapy, Swedish (relaxation), hot stone, sports and pregnancy. Beebe also is available for special events such as weddings, receptions, parties, or health fairs. Gift certificates are available.

For more information, call (704) 491-8645 or visit

Russell Smart joins Provident bank board

Russell Smart has been elected to the Provident Community Bank board of directors, the company announced recently.

Smart is the chief financial officer and a principal of Windsor-Aughtry, a real estate development company with headquarters in Greenville.

Jack Bagwell named Executive of the Year

Jack Bagwell Jr., dean of learning resources at York Technical College, has been selected the 2007 Executive of the Year by the Rock Hill Area Chapter of the International Association of Administrative Professionals.

The chapter honored Bagwell with an award at its fourth annual Boss's Day Breakfast and Executive of the Year program held at Winthrop University on Oct. 16.

Chamber lunch to feature Herald employees

The York County Regional Chamber of Commerce's October membership luncheon will feature a presentation by the president and publisher of The Herald, Valerie Canepa; the editor of The Herald, Paul Osmundson; the advertising director of The Herald, Kim Young-Taylor; and the circulation manager of The Herald, Michelle Reid.

The luncheon will be from noon to 1 p.m. Wednesday at the City Club of Rock Hill, 140 E. Main St. The topic will be "One year later: How the McClatchy/Knight Ridder acquisition is changing your local newspaper."

The luncheon is sponsored by Reznick Group. Reservations are $15 for chamber members and $20 for nonmembers. Seating is limited. For more information, contact Trina Ricks at 324-7500 or

3 Westminster Towers staff members certified

Three Westminster Towers staffers recently received special certifications, Westminster announced recently.

Dawn Martineau, assisted living activities coordinator, and Jessica Wright, health and rehabilitation center activities coordinator, received the activity assistant certified credential. Amy Laughlin, director of campus activities, received the credential activity director certified credential.

For more about Westminster Towers, call 328-5000.

York Tech offering Linux training to professionals

The Continuing Education Division of York Technical College is offering an online Linux self-study course.

Prospective students can learn more and register for the course or a free trial of two online sessions at Registration for online access to the Linux self-study course is $295. A hard copy of the manual and DVDs can be purchased for an additional $150.

For more information, contact Katie Dykhuis at (803) 981-7372 or

Garner & Carter CPAs to have ribbon-cutting

Garner & Carter CPAs, PLLC, will hold a ribbon-cutting at 3 p.m. Wednesday at 140 E. Main St. The event is the company's grand opening. Refreshments will be provided. The York County Regional Chamber of Commerce is assisting with the event.

Garner & Carter, which offers accounting and tax services, has had a Charlotte location for five years.

Hours are 8 a.m. to 5 p.m. Mondays through Fridays. For more information, call (803) 980-0032 or visit

Microsoft drops battle over antitrust ruling

BRUSSELS, Belgium -- Microsoft dropped a nearly decade-long legal battle with European regulators Monday, agreeing to key parts of an antitrust ruling that has already led to hundreds of millions in fines.

The world's largest software company will slash the royalties it charges rivals for interoperability information needed to make programs that work smoothly with Microsoft's ubiquitous Windows operating system. It will make access to the data easier for open-source developers, who the EU said are now "virtually the only alternative for users."

Microsoft said it would not appeal a EU Court of First Instance decision on Sept. 17 that turned down its challenge to a 2004 European Commission order that found it guilty of monopoly abuse.

Daily phone calls between EU Competition Commissioner Neelie Kroes and Microsoft CEO Steve Ballmer over the past three weeks -- and a dinner near her Dutch hometown -- culminated in a deal early Monday.

The major issues with Microsoft have been resolved, Kroes said, cautioning that Microsoft could still face penalties for overcharging royalties on interoperability information. Backdated daily fines would stop as of Oct. 22.

Apple profit caps record-breaking year

SAN JOSE, Calif. -- Apple's fiscal fourth-quarter profit jumped 67 percent and easily beat Wall Street expectations, capping a record-breaking year that saw unprecedented momentum in its Mac business, ceaseless consumer interest in its iPod players and a successful introduction of its newest endeavor, the iPhone.

For the three months ended Sept. 30, Apple said Monday it earned $904 million, or $1.01 per share, compared with $542 million, or 62 cents per share, in the year-ago quarter.

Revenue totaled $6.22 billion, compared with $4.84 billion in the same quarter last year.

Analysts surveyed by Thomson Financial were expecting earnings of 86 cents per share on sales of $6.07 billion.

Apple's stock price, which has more than doubled since January, rose $3.94, or 2.3 percent, to close at $174.36. After the earnings report, shares climbed $9.50, more than 5 percent, in extended trading.

BofA executive leaves after rough third quarter

CHARLOTTE -- Bank of America on Monday confirmed that its head of structured products left the company on Friday, only a day after the Charlotte bank reported a tough quarter for its corporate and investment banking unit.

Chris Hentemann had run the unit that includes products such as mortgage-backed and asset-backed securities and related trading. In the third quarter, the bank said structured products had a net revenue loss of $527 million due to lower fees and trading losses during this summer's global credit crunch.

Hentemann will be replaced by George Ellison. Hentemann had reported to Tom White, head of global markets within the corporate and investment bank.

Bank of America chairman and chief executive Ken Lewis on Thursday said he was reassessing his corporate and investment bank after it helped depress overall earnings by 32 percent in the third quarter. Most major banks reported a tough third quarter in this business after problems with subprime mortgages spread to other debt investments.