[Headlines]
[ANCHOR=Kimberly]
(----------------)
[VO-NAT]
An 18- year- old woman dies while walking along a train trestle in Pulaski.
She was walking with two others when she was struck and killed yesterday morning.
(----------------)
[ANCHOR=Kimberly]
And another round of the Microsoft battle will play out in federal court later today.
[ANCHOR=Shannon]
(ad lib weather)
[ANCHOR=Steve]
(ad lib live tease)
[2-shot]
[ANCHOR=Kimberly]
Get your work week started with us-- News 7 Mornin is next.
[11Train-Ax]
[ANCHOR=Kimberly]
[NEWSCAST=morn]
[WRITER=kwe]
[TAPE#=00-53 1:11:33]
[GRAPHIC=none]
A Southwest Virginia teenager is killed on a train trestle.
The young woman was walking along the trestle with two others when she was struck and killed shortly before 11 yesterday morning.
The accident happened on the trestle over Peek Creek in Pulaski.
Kate Weidaw talked with the victim's brother and has the story.
(///// SOT /////)
[SOT]
[IN Q=]
[SUPER=03-Pulaski;:00]
[SUPER=01-Larry Welch/Victim's Brother;:19]
[SUPER=01-Barry Buckner/Pulaski Police Department;:50]
[SUPER=03-Lynchburg/December 11;:56]
[SUPER=@Kate2;1:15]
[RUNS=1:26]
[OUT Q=kw news 7 Pulaski]
((18 year old (Kuh-tee-kuh) Katika Maria Welch along with her brother Larry, and her boyfriend, Steven Horton, decided to walk the tracks to take a puppy to a neighbors home.
Larry says when he heard the train coming he ran off the trestle and jumped from the tracks... but witnessed his sister's death.
[SOT 2:32:33]
[INQ=]
((LARRY WELCH/VICTIM'S BROTHER: MY SISTER WAS WALKING PRETTY FAST AND SHE FELL AND TRIPPED AND THE TRAIN HIT HER, KILLED HER, AND IT HIM TO. HIS LEGS ARE BROKEN I DON'T KNOW ABOUT THE REST OF HIS BODY IT'S A SAD THING.))
[OUTQ=]
[RUNS= 21]
Maria was killed instantly. Horton suffered two broken legs and was flown to Roanoke Memorial Hospital. Investigators say the Norfolk Southern engineer did all he could to stop the train.
[SOT 2:40:57]
[INQ=]
((LT. BARRY BUCKNER/PULASKI POLICE DEPT.: HE SAW IT AND THE WHISTLE WAS BLOWN AND THEY KNEW IT WAS COMING THEY JUST COULDN'T GET ACROSS IN TIME.))
[OUTQ=]
[RUNS= 5]
More than two months ago a similar accident occurred in Lynchburg, when two teenagers were killed while walking across a train trestle. Officials say it's against the law to walk on the tracks... and Sunday's accident could have been avoided.
[SOT 2:40:21]
[INQ=]
((LT. BARRY BUCKNER: THERE IS NO TRESPASSING ON RAILROAD PROPERTY SO THEY WERE TRESPASSING WHEN THEY WERE HIT.))
[OUTQ=]
[RUNS= 5]
Buckner says this isn't the first time some one has been hit by a train in Pulaski and it probably won't be the last. Maria was just days away from her 19-th birthday. Kate Weidaw News 7 Pulaski.))
[ANCHOR=Kimberly]
[graphic=None]
Katika Maria Welch's boyfriend, Steven Horton underwent surgery. There's no information on his condition this morning.
[11Center-Square]
[ANCHOR=Shannon]
[NEWSCAST=morn]
[WRITER=kwe]
[TAPE#=00-51 1:47:12]
[GRAPHIC=Center in the Square]
This year's General Assembly not only ended without a budget, but it ended without allotting money for Roanoke Valley museums, parks and cultural institutions.
(------------)
[VO-NAT]
[SUPER=03-Roanoke]
At Roanoke's Center in the Square - the history museum will be losing 30 percent of its annual budget and that means two staff members will have to be cut.
The director of the museum says he's disappointed and is planning for the impact the loss in funding will have.
(///// SOT /////)
[SOT 2:05:35]
[IN Q=the quality]
((KENT CHRISMAN: THE QUALITY AND QUANTITY FOR WHAT WE OFFER THE PUBLIC IS GOING TO BE DIMINISHED, THE NUMBER OF EXHIBITS WE HAVE ON VIEW AND ALSO THE AMOUNT OF MONEY AND THE QUALITY OF THE EXHIBITS THAT WE ARE ABLE TO BRING TO THE PUBLIC.))
[SUPER=01-Kent Chrisman/History Museum Exec. Director]
[RUNS=12]
[OUT Q=to the public.]
(------------)
[VO-NAT]
The Art Museum of Western Virginia will also be losing 25 percent of its million dollar budget.
So far cuts are NOT in the works.
The director says she's hoping to make up the funds somehow.
(///////////SOT///////////)
[SOT 1:54:15]
[INQ=]
((JUDY LARSON/EX. DIR. ART MUSEUM: I'M HOPING WE DON'T HAVE TO CUT PROGRAMS AT LEAST NOT TO SEVERELY BUT ALL THESE THINGS ARE ON THE TABLE WE'LL JUST SEE WHAT HAPPENS.))
[SUPER=01-Judy Larson/Art Museum Executive Director; ]
[RUNS=6]
[OUTQ=see what happens.]
(-----------)
[VO-NAT]
Both museum directors are hoping Gilmore will allot funding during a special General Assembly session next month to balance the budget.
(------------)
[Microsoft]
[ANCHOR=Kimberly]
[NEWSCAST=Mornin]
[WRITER=kmc]
[TAPE#=none]
[GRAPHIC=Microsoft]
A federal appeals court in Washington takes up the latest Microsoft battle later this morning.
The government says a judge's decision last year to split the software giant should stand.
Microsoft meanwhile says it does NOT have a monopoly, nor is it hurting consumers.
Instead, the company says it promotes innovation.
The court has set aside seven hours for today's arguments.
[Chrysler]
[ANCHOR=Kim]
[NEWSCAST=morn]
[WRITER=kor]
[TAPE#=none]
[GRAPHIC=Business News]
In business news this morning, DaimlerChrysler is set to reveal its restructuring plans.
The company will announce the extent of its fourth-quarter losses during today's news conference.
DaimlerChrysler insists it has no plans to spin off or sell its struggling Chrysler division.
Some aspects of the restructuring plan have already been disclosed.
The company previously announced plans to cut 26-thousand jobs over the next three years.
It also expects to close six plants.
[Marketwatch]
[ANCHOR=Kimberly]
[NEWSCAST=Morn]
[WRITER=chr]
[TAPE#=NET]
[GRAPHIC=Business News]
Wall street opens mixed this morning.
Renay San Miguel has that story and a preview of what you can expect this week in today's Marketwatch.
(/////SOT/////)
[SOT]
[IN Q=]
[SUPER=01-Renay San Miguel/Reporting; :00 ]
[RUNS=1:45]
[OUT Q=Marketwatch-dot-com, New York]
((Information:
ONCAM=renay
HERE WE ARE, ABOUT TO CLOSE THE BOOK ON FEBRUARY, AND INVESTORS ARE
STILL WONDERING ABOUT THIS WINTER OF DISCONTENT.
THE PAST WEEK SAW SOME TECHNOLOGY HEAVYWEIGHTS LIKE SUNMICROSYSTEMS
THROW IN THE TOWEL AND SURRENDER TO THE SLOWING ECONOMY...
YET THOSE NUTTY ECONOMIC INDICATORS THAT THE GOVERNMENT LIKES TO
THROW OUT EVERY WEEK STILL AREN'T PAINTING A RECESSIONARY PICTURE...AND
YOU'VE GOT SOME FORMER FEDERAL RESERVE OFFICIALS SAY THEY EXPECT ANOTHER
RATE CUT SOON..
ESS=dow
LET'S START WITH LAST FRIDAY...THE DOW CLOSED DOWN NEARLY 87 POINTS
WITH FINANCIAL, DRUGS, CONSUMER AND OIL RELATED ISSUES FEELING THE HEAT.
ESS=nasdaq
THE NASDAQ ENDED UP FOR THE DAY BUT MAKE NO MISTAKE..THE INDEX IS NEAR
A TWO-YEAR LOW.. AFTER BEING IN THE RED MOST OF THE DAY THE INDEX CLOSED
TRADING WITH A 17 POINT GAIN..
ONCAM=renay
SOFTWARE ISSUES SUFFERED BUT OTHER TECH SECTORS MADE A COMEBACK..
HERE'S WHY THEY HAD TO COMEBACK...
ESS=mot
MOTOROLA WARNED THAT THE ECONOMIC DOWNTURN WAS RESPONSIBLE FOR THE
COMPANY NOT BEING ABLE TO MEET 2001 EARNINGS AND REVENUE
ESTIMATES..MOTOROLA DOESN'T JUST MAKE PHONES, IT'S MAKES CHIPS FOR
PHONES, SO THAT HURT THE SEMICONDUCTOR SECTOR TOO..
ESS=sunw
SUN MICROSYSTEMS ALSO MADE FOR AN INTERESTING FRIDAY... THE COMPANY
BLAMED A SLOWING ECONOMY FOR AN EARNINGS WARNINGS..WHAT'S WORSE THE
COMPANY COULDN'T GIVE GUIDANCE ABOUT ITS NEXT QUARTER..DESPITE THAT,
BARGAIN HUNTERS TOOK OVER AND THE STOCK FINISHED UNCHANGED..
ONCAM=
MORE EARNINGS ON TAP FOR THE WEEK..
ESS=graphic
INCLUDING WALT DISNEY, REVLON, GAP, PEROT SYSTEMS AND INTIMATE BRANDS,
THE PARENT COMPANY OF VICTORIA'S SECRET, WILL SHARE THE INTIMATE DETAILS
OF ITS RECENT SALES..
ONCAM=
ALSO ON THE AGENDA FOR THE WEEK, MORE ECONOMIC INDICATORS..
ESS=graphic
LIKE CONSUMER CONFIDENCE, DURABLE GOODS ORDERS AND NEW HOME SALES..ALL
GOING INTO ALAN GREENSPAN'S COMPUTER WHEN IT COMES TIME TO DECIDE ON
INTEREST RATES..
ESS=graphic
FOR MORE ON THE MARKETS CLICK ON CBS DOT MARKETWATCH DOT COM.
ONCAM=renay
I'M RENAY SAN MIGUEL, CBS MARKETWATCH, NEW YORK.))
(tape tosses to stocks)
[STOCKS]
[COMM]
[MS-Tornado]
[ANCHOR=Kimberly]
[NEWSCAST=Mornin]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=Tornado]
While the weather wasn't bad around here this weekend-- Mother Nature turned fierce in Mississippi.
(------------)
[VO-NAT]
[SUPER=03-Pontotoc Co., MS;]
At least five people were killed when a tornado touched down in this county Saturday night.
Authorities are still searching for more bodies that may be buried in the wreckage.
The twister packed winds up to 150- miles per hour and damaged hundreds of homes.
It came from a storm system that swept across the eastern half of the country.
Mississippi's Governor has declared the region a disaster area, and has called for federal assistance.
(------------)
[11Church]
[ANCHOR=Shannon]
[NEWSCAST=morn]
[WRITER=tha]
[TAPE#=01-03 49:32]
[GRAPHIC=Murder Investigation]
New information has been released concerning an unsolved triple- murder in Tazewell County.
(------------)
[VO-NAT]
[SUPER=03-Tazewell Co./File Tape;]
In December, a federal grand jury returned indictments against Walter "Pete" Church and Sam Ealy for their alleged role in the crime.
Ealy was acquitted in state court some 10 years ago after arguing Church was the triggerman.
(---------)
[anchor=Shannon]
[ss=none]
The two are accused of killing Robert and Una Mae Davis and her 14- year old son.
Court papers say the men were hired to kill Robert Davis by a former West Virginia county official.
That official, Charles Gilmore, was later convicted of drug-trafficking.
Prosecutors say Davis was preparing to testify about Gilmore's crimes.
[11Nasa-School]
[ANCHOR=Kimberly]
[NEWSCAST=Mornin]
[WRITER=slo]
[TAPE#=01-05 50:16]
[GRAPHIC=None]
Some Roanoke students may now have their sights set on a career in space--
(------------)
[VO-NAT]
[SUPER=03-Roanoke/Friday]
NASA Aerospace Education Services paid a visit to Jackson Middle School on Friday.
The experience allowed students to get hands on experience with some of the space items.
(///// SOT /////)
[SOT=00:05:20]
[IN Q=It's a real]
((ALICIA FEDDOR: IT'S A REAL HIGH INTEREST GETTER. IT'S HOOKED TO GET KIDS INTERESTED IN WHAT THEY'RE LEARNING ABOUT.
THEY LOVE TALKING ABOUT SPACE- THEY LOVE TALKING ABOUT SPACE TRAVEL.))
[SUPER=01-Alicia Feddor/Aerospace Education Specialist;]
[RUNS=9]
[OUT Q=about space travel]
(------------)
[VO-NAT]
The program teaches students about NASA and tries to encourage children to learn more about space.
(------------)
[Health-Check]
[ANCHOR=Kimberly]
[NEWSCAST=Morn]
[WRITER=chr]
[TAPE#=NET]
[GRAPHIC=Mornin Health Check]
In medical news, do you know your risk for osteoporosis?
Doctor Dave Hnida explains the risk factors in this morning's Health check.
(/////SOT/////)
[SOT]
[IN Q=]
[SUPER=01-Dr. Dave Hnida/Reporting; :00 ]
[RUNS=1:30]
[OUT Q=CBS News, New York.]
((Information:
ON CAM
STRONG BONES ARE HAPPY BONES- WEAK BONES BREAK. THATS WHY DETERMINING
YOUR RISK OF OSTEOPOROSIS IS SO IMPORTANT. HERE ARE SOME OF THE MOST
IMPORTANT AND SOME OF THE MORE MINOR FACTORS.
GRFX
FIRST IS FAMILY HISTORY. IF YOUR MOTHER OR GRANDMOTHER HAD THIN BONES-
THERES A VERY HIGH PROBABILITY YOU DO TOO.
GRFX
YOUR WEIGHT AFFECTS YOUR BONES- THINNER PEOPLE TEND TO HAVE MORE
FRACTURES THAN PEOPLE WHO CARRY EXTRA POUNDS.
GRFX
LOSING ESTROGEN IS BAD FOR BONES WHICH MEANS WHEN YOU HIT MENOPAUSE AND
YOUR ESTROGEN PRODUCTION SLOWS- YOUR BONES THIN OUT. IN FACT THE FIRST
FIVE YEARS AFTER MENOPAUSE IS WHEN THE BONES THIN OUT THE QUICKEST.
GRFX
NEXT SMOKING- THAT WILL ROB CALCIUM FROM BONES
GRFX
AND SO WILL BEING SEDENTARY.MEANING NO WEIGHT BEARING EXERCISE SUCH AS
WALKING OR JOGGING.
GRFX
THEN THERES CALCIUM- THE BEST TIME TO TAKE SUPPLEMENTS OR TAKE GETS LOTS
OF CALCIUM THROUGH YOUR DIET IS NOW- ITS NEVER TOO LATE TO START GETTING
ENOUGH.
GRFX
AND FINALLY- YOU MAY HAVE MEDICAL CONDITIONS OR BE ON MEDICATIONS THAT
CAN THIN YOUR BONES- YOUR DOCTOR SHOULD TELL YOU ABOUT THOSE.
ON CAM
AND TO CHECK ON JUST HOW THICK YOUR BONES ARE- YOU CAN HAVE A BONE
DENSITY SCAN DONE- ITS AN EASY TEST THAT CAN TELL YOU IF YOU'RE ON THE
RIGHT ROAD- OR THE ROAD TO A FRACTURE. IM DR DAVE HNIDA FOR CBS NEWS.))
(Kimberly tosses to bump)
[bump-chyron]
[Streaming-Video]
[comm #3]
[2-HEADLINES]
[2-shot=KMC/SYO]
[SUPER=#4049; Morning Headlines]
[ANCHOR=Kimberly]
Here's a look at today's top stories.
(----------------)
[VO-NAT]
[ANCHOR=Kimberly]
Two months after a fatal accident on a train trestle in Lynchburg, another incident happens over the weekend. This one in Pulaski.
An 18- year- old woman is killed while walking along the trestle over Peek Creek yesterday morning.
(----------------)
[VO-NAT]
[ANCHOR=Shannon]
Roanoke Valley museums are preparing for cutbacks after the General Assembly fails to reach a budget agreement.
Legislators do plan to discuss the budget again next month.
(----------------)
[VO-NAT]
[ANCHOR=Kimberly]
And the search continues for tornado victims in Mississippi.
At least five people were killed and dozens of others injured when the tornado touched down Saturday night.
(----------------)
[ANCHOR=Kimberly]
And that's what's making news on this Monday, February 26th .
[ANCHOR=Shannon]
News 7 Mornin' will be right back.
[2-11Train-Ax]
[ANCHOR=Kimberly]
[NEWSCAST=morn]
[WRITER=kwe]
[TAPE#=00-53 1:11:33]
[GRAPHIC=none]
A teenager who was walking along a trestle with two other people was struck and killed by a train.
The accident happened yesterday morning on the trestle over Peek Creek in Pulaski.
Kate Weidaw has more.
(///// SOT /////)
[SOT]
[IN Q=]
[SUPER=03-Pulaski;:00]
[SUPER=01-Larry Welch/Victim's Brother;:19]
[SUPER=01-Barry Buckner/Pulaski Police Department;:50]
[SUPER=03-Lynchburg/December 11;:56]
[SUPER=@Kate2;1:15]
[RUNS=1:26]
[OUT Q=kw news 7 Pulaski]
((18 year old (Kuh-tee-kuh) Katika Maria Welch along with her brother Larry, and her boyfriend, Steven Horton, decided to walk the tracks to take a puppy to a neighbors home.
Larry says when he heard the train coming he ran off the trestle and jumped from the tracks... but witnessed his sister's death.
[SOT 2:32:33]
[INQ=]
((LARRY WELCH/VICTIM'S BROTHER: MY SISTER WAS WALKING PRETTY FAST AND SHE FELL AND TRIPPED AND THE TRAIN HIT HER, KILLED HER, AND IT HIM TO. HIS LEGS ARE BROKEN I DON'T KNOW ABOUT THE REST OF HIS BODY IT'S A SAD THING.))
[OUTQ=]
[RUNS= 21]
Maria was killed instantly. Horton suffered two broken legs and was flown to Roanoke Memorial Hospital. Investigators say the Norfolk Southern engineer did all he could to stop the train.
[SOT 2:40:57]
[INQ=]
((LT. BARRY BUCKNER/PULASKI POLICE DEPT.: HE SAW IT AND THE WHISTLE WAS BLOWN AND THEY KNEW IT WAS COMING THEY JUST COULDN'T GET ACROSS IN TIME.))
[OUTQ=]
[RUNS= 5]
More than two months ago a similar accident occurred in Lynchburg, when two teenagers were killed while walking across a train trestle. Officials say it's against the law to walk on the tracks... and Sunday's accident could have been avoided.
[SOT 2:40:21]
[INQ=]
((LT. BARRY BUCKNER: THERE IS NO TRESPASSING ON RAILROAD PROPERTY SO THEY WERE TRESPASSING WHEN THEY WERE HIT.))
[OUTQ=]
[RUNS= 5]
Buckner says this isn't the first time some one has been hit by a train in Pulaski and it probably won't be the last. Maria was just days away from her 19-th birthday. Kate Weidaw News 7 Pulaski.))
[ANCHOR=Kimberly]
[graphic=None]
Katika Maria Welch's boyfriend, Steven Horton underwent surgery. There's no information on his condition this morning.
[2-11Center-Square]
[ANCHOR=shannon]
[NEWSCAST=morn]
[WRITER=kwe]
[TAPE#=00-51 1:47:12]
[GRAPHIC=Center in the Square]
The General Assembly will meet next month to try to reach a budget agreement. No money thus far has been allotted for Roanoke Valley museums, parks and cultural institutions.
(------------)
[VO-NAT]
[SUPER=03-Roanoke]
At Roanoke's Center in the Square - the history museum will be losing 30 percent of its annual budget and that means two staff members will have to be cut.
The director of the museum says he's disappointed and is planning for the impact the loss in funding will have.
(///// SOT /////)
[SOT 2:05:35]
[IN Q=the quality]
((KENT CHRISMAN: THE QUALITY AND QUANTITY FOR WHAT WE OFFER THE PUBLIC IS GOING TO BE DIMINISHED, THE NUMBER OF EXHIBITS WE HAVE ON VIEW AND ALSO THE AMOUNT OF MONEY AND THE QUALITY OF THE EXHIBITS THAT WE ARE ABLE TO BRING TO THE PUBLIC.))
[SUPER=01-Kent Chrisman/History Museum Exec. Director;]
[RUNS=12]
[OUT Q=to the public.]
(------------)
[VO-NAT]
The Art Museum of Western Virginia will also be losing 25 percent of its million dollar budget.
So far cuts are NOT in the works.
The director says she's hoping to make up the funds somehow.
(///////////SOT///////////)
[SOT 1:54:15]
[INQ=]
((JUDY LARSON/EX. DIR. ART MUSEUM: I'M HOPING WE DON'T HAVE TO CUT PROGRAMS AT LEAST NOT TO SEVERELY BUT ALL THESE THINGS ARE ON THE TABLE WE'LL JUST SEE WHAT HAPPENS.))
[SUPER=01-Judy Larson/Art Museum Executive Director; ]
[RUNS=6]
[OUTQ=see what happens.]
(-----------)
[VO-NAT]
Both museum directors are hoping Gilmore will allot funding during a special General Assembly session next month to balance the budget.
(------------)
[Gilmore-Budget]
[ANCHOR=Kimberly]
[NEWSCAST=Morn]
[WRITER=kor]
[TAPE#=none]
[GRAPHIC=Gilmore]
Governor Jim Gilmore's cabinet will meet today to begin the process of trimming state agency budgets by as much as 15-percent.
The governor is looking to trim 420 (m) million dollars ... and he says he'll try to spare public education and services to the mentally ill and the elderly.
The announcement came right after the General
Assembly adjourned without adopting a new budget in a stand-off over how to phase out the car tax.
Lawmakers will reconvene in next month's special session to try to resolve the
budget deadlock ... and prevent the cuts.
[Bush-Budget]
[ANCHOR=shannon]
[NEWSCAST=Mornin]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=none]
Meanwhile, President Bush is preparing his budget proposal to send to Congress tomorrow.
He meets today with the nation's governors.
Bush is still trying to gather support for his trillion- dollar tax cut proposal.
His budget chief says there will be "some restraints" and cuts in corporate subsidies to help pay for the tax cut.
Meanwhile, Democratic leaders are expected to criticize the budget.
They're concerned about how it'll affect payment of the national debt.
[2MS-Tornado]
[ANCHOR=Kimberly]
[NEWSCAST=Mornin]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=Tornado]
Authorities are still searching for victims of a tornado that struck Mississippi over the weekend.
(------------)
[VO-NAT]
[SUPER=03-Pontotoc Co., MS;]
At least five people were killed and dozens of others were injured when the tornado touched down Saturday night.
The twister packed winds up to 150- miles per hour that left a 23- mile trail of damage in this county.
The tornado came from a storm system that swept across the eastern half of the country.
Mississippi's Governor has declared the region a disaster area, and has called for federal assistance.
(------------)
[11County-Investment]
[ANCHOR=shannon]
[NEWSCAST=Mornin]
[WRITER=kwe]
[TAPE#=00-47]
[GRAPHIC=None]
If you live in Roanoke county, some of your tax dollars are going to the West Coast.
Nearly 1-million dollars of County taxpayers' money is invested in a troubled California electric company.
(------------)
[VO-NAT]
[SUPER=04-File Tape]
Pacific Gas and Electric is just one company in California that has been experiencing financial problems because of an energy shortage.
Roanoke County's treasurer says when he initially invested the money on December 5th, it was a top rated company.
Despite the problems, the county is being advised not to pull out.
(///// SOT /////)
[SOT 10:22:57]
[IN Q=the company]
((FRED ANDERSON/ROANOKE CO. TREASURER: THE COMPANY IS SAYING THEY FEEL LIKE THEY CAN PAY US BACK WITHIN 6 MONTHS, IN FACT PEOPLE ARE ADVISING ME DON'T SELL THERE ARE PEOPLE WHO WANT TO BUY THIS AT A CUT RATE AND THIS IS A KNEE JERK REACTION TO THE SITUATION.))
[SUPER=01-Fred Anderson/Roanoke Co. Treasurer]
[RUNS=18]
[OUT Q=to the situation.]
(------------)
[VO-NAT]
Anderson says in his 20 plus years of investing taxpayer money, utility companies have always been a good investment.
(------------)
[11Biz-Review]
[ANCHOR=Kimberly]
[NEWSCAST=Mornin]
[WRITER=jmi]
[TAPE#=Business Review]
[GRAPHIC=Business]
In the wake of Dale Earnhardt's death, his memorabilia goes up in value.
And a local NASCAR retailer is closing up shop.
Jennifer Miele has details in this week's News 7 Business Review.
(///// SOT /////)
[SOT]
[IN Q=graphics/music]
[SUPER=03-Salem;:08]
[SUPER=01-Ronnie King/NASCAR Fan;:27]
[SUPER=01-Todd Cross/NASCAR Fan;:33]
[SUPER=03-Roanoke;:44]
[SUPER=01-Sherry Lockhart/Store Co-Manager; 1:03]
[SUPER=03-Roanoke;1:13]
[RUNS=1:47]
[OUT Q=graphics/music]
(([TAPE#=00-50 TC1:42:42]
Dale Earnhardt's death is driving prices for his NASCAR memorabilia sky high.
Collectibles are selling for 20 times their original value on e-bay.
Hundreds are racing to collectable stores to get the last of the Dale Earnhart memorabilia made before his death.
((RONNIE KING/NASCAR FAN: I WAITED FOR TWO HOURS AT VALLEY VIEW TO GET AN EARNHARDT CAR I PAID A HUNDRED THIRTEEN DOLLARS FOR. I FEEL BAD THAT HE DIED, BUT THE STUFF IS GOING TO GO UP IN VALUE. THAT'S ALL I CAN DO.))
[RUNS= 10]
((TODD CROSS/NASCAR FAN: I AIN'T GETTING RID OF NONE OF IT. THESE ARE JUST MEMORIES. I AIN'T BUYING NONE OF IT TO SELL IT. I'M KEEPING IT FOR MEMORIES.))
[RUNS= 10]
[INSERT GREEN FLASH HERE]
[TAPE#=01-09]
More bad news for NASCAR fans.... all 11 NASCAR Thunder stores across the country are closing, including the one in Roanoke.
The shop at Valley View Mall will close in the next six weeks.
Seven people will lose their jobs in Roanoke, 60 across the country.
The store manager says they do NOT have ANY Dale Earnhart memorabilia left.
(///// SOT /////)
[SOT]
[IN Q=We carried things that]
((SHERRY LOCKHART/STORE CO-MANAGER: WE CARRIED THINGS THAT OTHER LOCALLY OWNED SHOPS DID NOT CARRY BECAUSE WE'RE A NASCAR SANCTIONED SHOP. AND SO I FEEL LIKE IT'S GOING TO LEAVE A VOID IN THE AREA.))
[RUNS= 10]
[OUT Q=in the area.]
[INSERT GREEN FLASH HERE]
[TAPE#=00-55 TC1:21:18]
[GRAPHIC=None]
Transkrit is now in liquidation mode.
It's parent company filed for bankruptcy in December.
After attempts to sell Transkrit to two different potential buyers, no deal was able to be reached.
Half of the company's employees, about 100 people, have been let go so far.
The state-of-the-art label making company will be completely closed within the next 60 days.
[PRE PRO]
Finally, the Dow was Down 86.94 points to close at 10,439.87. And the Nasdaq finished at 2260, up 15 points for the week.
For News 7, I'm Jennifer Miele. That's this week's business review. ))
[Local-Recap]
[SUPER=#4059;Local Recap]
[2-Shot=Kmc/Syo]
[ANCHOR=Kimberly]
Now here's another look at today's top local stories:
(----------------)
[VO-NAT]
[ANCHOR=Kimberly]
Authorities say, 18 year old (Kuh-tee-kuh) Katika Maria Welch was walking along the trestle over Peek Creek in Pulaski yesterday morning when she was struck an killed by a train. She was walking with her brother Larry, and her boyfriend, Steven Horton when the accident happened.
Horton suffered two broken legs and was flown to Roanoke Memorial Hospital. There's no word on his condition this morning.
Investigators say the Norfolk Southern engineer did all he could to stop the train.
(----------------)
[VO-NAT]
[ANCHOR=Shannon]
This year's General Assembly not only ended without a budget, but it ended without allotting money for Roanoke Valley museums, parks and cultural institutions.
At Roanoke's Center in the Square - the history museum and The Art Museum of Western Virginia are bracing for the lack of funds.
Both museum directors are hoping Gilmore will allot funding during a special General Assembly session next month to balance the budget.
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[ANCHOR=Shannon]
(Shannon mic hot)
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(Shannon ad lib weather)
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[2-SHOT]
[ANCHOR=Kimberly]
Now here's Danville Bureau Chief Justin McLeod with a preview of News 7 at Six.
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[SOT]
[IN Q=Clifton Forge]
[RUNS=12]
[OUT Q=News 7 at 6.]
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[Desk=Kimberly/Shannon and Steve]
(toss)
[ANCHOR=Steve]
(live ad lib, tease tomorrow)
(ad lib bye)
[Desk=Kimberly/Shannon and Steve]
by SS