THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Friday, October 11, 1996 TAG: 9610110484
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
TYPE: Briefs
LENGTH: 50 lines
Jefferson Bankshares Inc., the statewide bank-holding company based in Charlottesville, said its third-quarter net income increased 18 percent to $7.2 million, or 48 cents a share. Its interest income rose 3.5 percent and non-interest income jumped 12.4 percent, while non-performing assets dropped 35.5 percent. (Staff) James River sells its ink division
James River Corp. said it has completed the sale of its CZ Inks Division to Progressive Ink Company, LLC. In consideration for the sale, James River received cash proceeds of $27 million, subject to customary closing adjustments. James River expects to record a gain of about 10 cents per share in the fourth quarter related to this divestiture. CZ Inks is headquartered in St. Louis, Mo. James River Corp., headquartered in Richmond, is a leading marketer and manufacturer of consumer products, packaging, and business, printing and converting papers. (Staff) USAir to expand facilities at Boston's airport
The Massachusetts Port Authority approved USAir Group Inc.'s plan for a $35 million expansion of the airline's terminal facilities at Boston's Logan International Airport. The new terminal, to be completed in 1998, will include ticket counters, larger waiting passenger areas at the gates and a larger baggage claim area, said Stephen M. Wolf, USAir chairman. USAir recently applied to the U.S. Department of Transportation for the right to fly to London's Heathrow International Airport from Logan. The Arlington-based airline already serves Frankfurt, Germany from Boston Logan, using the 767 aircraft. (Bloomberg Business News) In other news...
The Internet Fraud Watch can be reached by e-mail at nficinternetmci.com, or on the Web at http://www.fraud.org or by calling 1-800-876-7060. . . . Montgomery Ward, the nation's largest privately held retailer, announced Thursday it is seeking a new chairman and chief executive for the operating company that runs its stores. . . . Shifting into reverse again, Amoco Corp. said Wednesday that it is selling its Central European gas stations, only four months after saying it would expand there. . . . Media General Inc., a Richmond-based operator of newspapers, broadcast and cable television, said it earned $15.62 million, or 59 cents a share, in the third quarter ended September 30, 1996, compared with earnings of $8.85 million, or 33 cents a share, in the same period a year earlier. Revenue was $188.00 million compared with $168.46 million. . . . by CNB