Legal showdown over NCAA ban on paying athletes
Atlanta AP report. A federal judge who ruled against the NCAA last year weighs granting class action status to lawsuits by current and former college athletes seeking an end to the prohibition on paying players. The cases challenge amateurism and aim to create a competitive market, with conferences already moving to pay the difference between scholarships and actual attendance costs. The NCAA and Mark Emmert defend the model as level, while critics say it amounts to collusion. The SEC floated a rule to require disclosure if stipends exceed attendance costs.
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First Century Bankshares reports Q2 earnings and dividend
Bluefield based bankholding company First Century Bankshares Inc. announced $578000 in net income for the quarter ended June 30 2015 a 29.4 percent drop from $819000 in 2014. Diluted earnings were $0.30 per share versus $0.43 prior year. The board approved a $0.20 per common share second quarter dividend payable Aug 14 2015 up 5.3 percent from $0.19.
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BLUEFIELD — _ First Century Bankshares, Inc
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