The latest feedy frenzy in the banking world out-paces First Union and Wachovia. We'll tell you what NationsBank a
nd Bank of America are up to.
And we'll see how much lumber can be recycled out of a century-old building.
Take a trip with us to the old Craig Healings Springs resort.
Tonight in sports, a newspaper article in a Tidewater paper has fired up Express head coach Frank Anzalone.
Chris Warren and Rick Barnes change teams.
And one of the stars off of Magna Vista's star basketball championship team signs scholarship papers with Longwood college.
[SUPER=#4054; News 7 at Six Headline Banner]
[TAPE#98-21 TC 36:40]
Is bigger really better?
Some banks seem to think so.
Experts say two mergers announced today will reshape the banking industry.
[Double Boxes=Keith and Scott/Newsroom]
Scott Goldberg is in the newsroom tonight.
Scott, what should we make of all this?
Keith, analysts call it a "feeding frenzy" because banks are swallowing each other and building financial powerhouses.
Today was truly a remarkable day with two proposed megamergers -- one of them would create the first bank to offer coast-to-coast service.
[IN Q=The news]
[SUPER=03-Charlotte, NC; 00]
[SUPER=01-Hugh McColl/NationsBank CEO; 14]
[SUPER=01-John Clarke/Catawba Capital; 33]
[OUT Q=we'll see]
(( The news out of Charlotte is big.
A merger between NationsBank and San Francisco-based Bank of America would create the biggest bank in the country.
A 60-billion dollar merger, that the CEOs of both banks said was a good thing.
[SOT tc 15:04:58]
[IN Q=dave and I believe]
((HUGH MCCOLL/NATIONSBANK CEO: DAVE AND I BELIEVE ... BIGGER IS INDEED BETTER.))
[OUT Q=INDEED BETTER]
Whether that's true or not, getting bigger is definitely the trend in banking.
Another proposed merger between First Chicago and Columbus, Ohio-based BancOne would create the biggest bank in the Midwest.
[SOT 10 40 59]
[IN Q=everybody's trying]
((JOHN CLARKE/CATAWBA CAPITAL: EVERYBODY'S TRYING TO GET MARRIED, FIND A PARTNER, IN ORDER TO SURVIVE.))
[OUT Q=TO SURVIVE]
Roanoke bank analyst John Clarke says the question is: Who's next?
Local banks watched their stocks go up today.
Clarke said buyers want to get in on the action, if a local bank is the next one struck by merger mania.
[SOT 10 42 48]
((JOHN CLARKE: SOMEBODY'S BUYING THEM, THINKING BIG UNCLE'S GOING TO COME ALONG AND PAY A LOT OF CASH FOR THOSE BANKS. WE'LL SEE.))
[OUT Q=WE'LL SEE]))
Late tonight there's more banking news.
The Federal Reserve Board gave conditional approval to First Union's merger with CoreStates.
The Fed said the merger can go ahead, as long as First Union takes measures to make sure the banking industry stays competitive.
[Double boxes=Keith and Scott/Newsroom]
It'll be interesting to see what that means for these banks announcing mergers today.
[TAPE#98-29 TC 25:12]
A new survey shows most American parents recognize the severity of the nation's drug problem, but refuse to believe THEIR child will ever come in contact with or use illicit drugs.
That can be a deadly mistake, says one Richmond mother.
Deborah Barr's daughter Tish was an honor roll student when she went off to college in 19-94.
Five months later, Tish overdosed on a mixture of cocaine and heroin.
[IN Q=And I'm talking]
((DEBORAH BARR/LOST DAUGHTER TO DRUG OVERDOSE: AND I'M TALKING TO PARENTS AND I HEAR THE SAME WORDS THAT I SPOKE OUT OF MY MOUTH.. I THOUGHT SHE WAS IMMUNE TO THE THREAT OF DRUGS, I THOUGHT I WAS IMMUNE. AND THERE'S STILL THAT WALL OF DENIAL, BUT IT'S A DEADLY WALL THAT'S GOT TO COME DOWN.))
[SUPER=01-Deborah Barr/Lost Daughter to Drug Overdose; :00]
[OUT Q=got to come down.]
Barr says parents need to learn to recognize the signs of drug abuse and discuss the dangers of drugs with their children.
A drug sweep in northwest Roanoke has led to the arrest of ten people.
Officers working undercover last Friday and Saturday in the Melrose Avenue neighborhood posed as addicts and made drug buys.
Once the dealers were arrested, the police then pretended to be dealers themselves, selling imitation crack cocaine.
Police say the investigation was in response to complaints about increased drug trafficking in the Melrose area.
[TAPE#98-27 TC 32:25]
A ban on what opponents call "partial birth" abortions is now law in Virginia.
Ellen Qualls reports on today's bill signing ceremony-- and the expected aftermath.
[IN Q=Governor Jim]
[SUPER=01-Karen Raschke/Virginia Planned Parenthood; :22]
[SUPER=01-Kent Willis/Virginia ACLU; :38]
[SUPER=01-Rev. Jerry Falwell/Liberty Univ. Chancellor; 1:04]
[SUPER=01-Pat Robertson/Christian Broadcasting Network; 1:13]
[OUT Q=Qualls, News 7, Richmond.]
Governor Jim Gilmore affixed his signature in a stately ceremony -- and it became the latest abortion restriction in Virginia.
[sot TAPE ONE 12:30:43]
((GOV. JIM GILMORE: WE CAN ALL AGREE THAT PARTIAL BIRTH ABORTIONS ARE INHUMAN, AND SHOULD NEVER BE PERFORMED IN THIS GREAT COMMONWEALTH.))
Well, not exactly.
Planned Parenthood says NO such thing as a "partial birth" abortion even exists in Virginia.
[SOT TAPE ONE 12:44:48]
((KAREN RASCHKE/VA. PLANNED PARENTHOOD: THE PICTURES THAT USUALLY ACCOMPANY THIS BILL SHOW A LATE TERM PROCEDURE WHICH IS ALREADY BANNED IN VIRGINIA... MOST ABORTIONS ARE PERFORMED IN THE FIRST TRIMESTER. THE LANGUAGE OF THIS BILL PROHIBITS ALL THOSE ABORTIONS.))
[sot tape two 13:15:57]
((KENT WILLIS/VA. ACLU: ROE V. WADE SAID YOU CAN REGULATE ABORTION, BUT YOU CAN'T REGULATE IT IN SUCH A WAY THAT IT CREATES AN UNDUE BURDEN ON A WOMAN. AND THAT IS THAT BASICALLY YOU REGULATE IT SO AS TO LITERALLY PROHIBIT SOMETHING. AND THAT'S EXACTLY WHAT THIS DOES.))
Lynchburg's Senator was a co-sponsor.
[SOT TAPE ONE 12:39:18]
((SEN. STEVE NEWMAN/R-LYNCHBURG: WE THINK THAT THERE WILL BE A CHALLENGE, BUT WE'RE HOPEFUL WITH ATTORNEY GENERAL MARK EARLEY, AND THE GOVERNOR'S OFFICE WORKING, THAT THE FOURTH CIRCUIT, WHICH IS A RELATIVELY CONSERVATIVE CIRCUIT, WILL UPHOLD THIS LAW.))
[sot TAPE ONE 12:38:11]
((REV. JERRY FALWELL/THOMAS ROAD BAPTIST CHURCH: THE PEOPLE OF THE STATE HAVE ALWAYS BEEN CONSERVATIVE IN EVERY WAY. THEY HAVEN'T ALWAYS BEEN REPRESENTED BY PERSONS WHO WERE. THAT HAS CHANGED.))
[SOT tape one 12;35:23]
((PAT ROBERTSON/CHRISTIAN BROADCASTING NETWORK: IT'S THE BEGINNINGS OF AN ACKNOWLEDGEMENT IN AMERICA THAT THE SLAUGHTER OF THE INNOCENT HAS GOT TO STOP. YOU STOP IT ON THE FRINGES AND THEN BEGIN TO MOVE IN A LITTLE BIT MORE TO SUCH THINGS AS PARENTAL CONSENT, ETCETERA.))
The law is scheduled to take effect July first.
Ellen Qualls, News 7, Richmond.))
[HARD MUSIC UNDER]
Years of memories and friendships are paying off for one woman after her belongings went up in smoke.
And they're taking apart a small part of Craig County history...piece by piece.
We'll have that story later in the newscast.
[wx ad lib]
[MUSIC UP FULL]
[SUPER=82-1.76''/plus 0.53''/22.93''/plus 12.56'';]
[SUPER=83-Down 0.19 foot/Down 0.23 foot;Lake levels]
[TAPE#98-26 TC 27:30]
[GRAPHIC=VA Supreme Court]
NOT every kind of premeditated murder draws the death penalty in Virginia.
That's the case the attorney for Danville spree killer Percy Walton made
today in front of Virginia's Supreme Court.
Lawrence Gott argued Walton's killings weren't as brutal as they could have been.
((LAWRENCE GOTT/WALTON'S ATTORNEY: CLOSE-RANGE, SINGLE SHOT, TO THE HEAD, AND THE VICTIM IS INSTANTANEOUSLY UNCONCIOUS, AND THEN DEATH SHORTLY THEREAFTER. JUSTICE LEROY HASSELL: HE TRIED TO CUT-- YOUR DEFENDANT TRIED TO CUT THE THROAT OF ONE OF THE VICTIMS IN THE COUPLE.))
[SUPER=01-Lawrence Gott/Walton's Attorney; :00]
[SUPER=01-Justice Leroy Hassell/Virginia Supreme Court; :11]
[OUT Q=the couple.]
Walton's on death row for the double murder of Jesse and Elizabeth Kendrick.
That was just days before he murdered Archie Moore on Thanksgiving Day.
Evidence shows Walton stuffed Moore's body into a closet and lived in his apartment at Cabin Lake for some time after.
The high court will rule in a matter of weeks.[Turner]
[TAPE#=598-18 TC 18:11]
Both sides have rested in trial of a Pittsylvania County man charged with killing his wife.
Mark Dana Turner has admitted his shot his wife, Kimberly, at their trailer last October after an argument.
But his defense is that he only picked up a gun to scare her, and it fired by accident.
The prosecution says Turner knew what he was doing, that he was angry over an affair he believed his wife was having.
It's a jury trial. No word on a verdict, yet.
[TAPE#=98-22 TC 33:48]
Was Maurice Taylor on the floor, or still standing when he was shot by Blacksburg police in 1995?
That's a key issue as the judge decides whether to throw out a lawsuit Taylor's family filed against the town.
Taylor was shot and killed at a Blacksburg drug store after he allegedly pulled a B-B gun while police tried to serve a warrant.
His family went to federal court, accusing police of excessive force.
Judge Sam Wilson seemed to reject the plaintiff's argument that the fact Taylor was hit 18 times proves police went too far.
[IN Q=it's sometimes]
((BILL CRUEY/PLAINTIFF'S ATTORNEY; IT'S SOMETIMES HARD TO DETERMINE WHAT THEY'RE GOING TO DO. IT CERTAINLY SEEMS LIKE HE'S NOT LOOKING AT IT FAVORABLY, BUT OF COURSE THE COURT'S GOING TO CONSIDER ALL THE ISSUES AND I'M SURE WILL ISSUE THE DECISION HE FEELS IS RIGHT UNDER THE CIRCUMSTANCES AFTER CONSIDERING THE BRIEFS FILED BY EACH SIDE. ))
[SUPER=01-Bill Cruey/Plaintiff's Attorney;]
[OUT Q=by each side.]
Attorneys for the town had no comment, except to say "no chance" when asked about a possible out-of-court settlement.
[TAPE#=98-23 TC 34:02]
Gertrude Jumper lost most of her belongings last week when her house went up in flames.
The very next morning, people started donating whatever they could to the one-hundred-three- year- old resident.
[IN Q=I don't know]
((GERTRUDE JUMPER: THEY'VE BEEN AWFUL NICE TO ME...GIVING ME CLOTHES, SHOES, COAT I HAVE ON WAS GIVEN TO ME, THE SHOES I HAVE ON WAS GIVEN TO ME. makes you feel pretty good, huh? I THINK I'M SOMEBODY.))
[SUPER=01-Gertrude Jumper/Fire Victim; :]
[OUT Q=i'm somebody.]
Roanoke City bus driver Wendell Poff is one of those lending Jumper a helping hand.
((WENDELL POFF/VALLEY METRO: I WENT TO WORK, AND THE PEOPLE OF VALLEY METRO, I ASKED IF THEY'D CONSIDER HELPING ME AND EVERYBODY HAS BEEN JUST SO NICE. I JUST COULDN'T BELIEVE HOW NICE THEY WERE AND HOW GENEROUS THEY WERE.))
[SUPER=01-Wendell Poff/Valley Metro; ]
[OUT Q=they were.DOUBLE OUT]
Poff raised four- hundred- fifty dollars for Jumper. She been riding his bus route for years.
It was a mixed day on the stock market- -with declining issues outnumbering gainers, following today's bank mergers.
[TAKE DOW & NASDAQ PAGE ]
The Dow rose 17 points, to close at 9-thousand-12.
NASDAQ gained 5 points.
x=arrow up y=arrow down
Coming up tonight in sports, an area star high school hoopster is headed to Longwood, Barnes officially checks in at Texas, as does Chris Warren.
Express head coach Frank Anzalone is hopping mad about an article in the Virginian Pilot.
Steve Mason will have that story coming up right after this break.
[GRAPHIC=HIGH SCHOOL HOOPS]
One of the top players on the Magna Vista high school state championship team has decided to stay in state to play his college hoops.
[SUPER=03-Norfolk/Group AA Title Game; :00]
Landa Martin, a six foot four inch, 200 pound forward will join the Lancers this coming Fall.
Martin was a first team all-state selection this past season after he averaged 16 points and 11 rebounds a game for the warriors
Although the Express/Hampton Roads Kelly Cup second round series has a three day break as the acttion heads to Tidewater; fists were still flying as a Norfolk newspaper insinuates Express head coach Frank Anzalone acted in a hostile manner towards Admirals skipper John Brophy. Steve Mason has the fine print.
[SUPER=03-Roanoke/This Morning; :]
[SUPER=@Steve1; :][SUPER=01-Frank Anzalone/Express Head Coach; :]
[SUPER=01-Dave Gagnon/68 Saves in Two Games; :]
[SUPER=01-Michael Smith/3 Points in Series; :]
[OUT Q=round house wrap up"]
Leading two games to none and the Express seems relaxed on this day. Daniel Berthiuame made a new friend after practice. There were smiles on the ice as well.
THat all changed for Frank Anzalone when he read an article printed in Monday morning's Virginian Pilot about Saturday night's 3-2 overtime Express win written by columnist Harry Minium stating that he made a gesture torwards John Brophy "as if to chalLenge him to fight".
The team focussed has reveolved around Gagnon; who has 68 saves in two games. His defense has held Admiral superstar Victor Gervais to one point; although he has played well.
The Express leaves for Norfolk Tuesday around noon. Steve Mason Round House wrap up.))
In one more note from the hardwater this evening, Flyers All-Star center Eric Lindros will return to the ice tonight against Buffalo for the first time since March 7th.
[SUPER=03-Buffalo, NY; :00]
Lindros sustained a Grade Two concussion after being checked hard in a game against Pittsburgh. Since the injury, the captain has missed 18 games, but Philadelphia has been a respectable 10-6-2 in his absence.
On the football front tonight, the Dallas Cowboys officially signed former Ferrum great Chris Warren to a multi-year deal.
Warren was released by the Seahawks last month despite being the franchise's all-time leading rusher and pro bowl performer.
He became expendable when Seattle signed Ricky Watters.
Warren's three year deal with the Cowboys will make him mainly a backup behind Emmitt Smith.
The Redskins may not have gotten Farfax native Chris Warren, but they didn't lose any of their key players when the deadline for restricted free agents ended at 4 pm today.
Washington was able to hold onto every player they had intended to keep in the offseason, including Jamie Asher, Ri
ch Owens, Brian Mitchell, and Ken Harvey. [S-Barnes]
The University of Texas officially welcomed Rick Barnes to campus today and made him the Longhorns new head basketball coach.
[SUPER=03-Austin, TX; :00]
Barnes get a multi- year contract worth nearly $750 thousand a season.
His job will be uniting a fragmented team that revolted against the previous coach Tom Penders.
[IN Q=I told them...]
[SUPER=01-Rick Barnes/New Texas Head Coach;:00]
[OUT Q=TO PLAY."]
[SUPER=330-Partly Cloudy/Showers Developing/45-48/Cloudy/Showers & Storms/63-66;]
[SUPER=331-Increasing Clouds/Showers Developing/46-50/Morning Clouds/& Showers/64-68;]
[SUPER=332-Cloudy/Showers by Dawn/45-48/Showers &/Storms Likely/60-64;]
[SUPER=333-Partly Cloudy/Overcast Late/42-45/Morning Clouds/& Showers/60-63;]
[SUPER=334-Cloudy/Showers Developing/44-48/Showers &/Storms Likely/58-62;]
(toss to Jean)
This coming Saturday will be one of the busiest in terms of events the Roanoke Valley has seen in some time.
[Double Boxes=Keith and Jean/Newsroom]
Jean Jadhon has a preview of what's happening April 18th and the impact it's having on the region.
Keith, city planners are getting ready for the Dave Matthews Band concert, which is expected to draw about 30-thousand people.
But officials say that's just part of the crowd. There are a number of other events going on the same day, most notably, a Winston Cup race.
People hoping to find a place to stay overnight may run into problems.
that is just one of the welcomed headaches area organizers are experiencing for such a massive weekend.
[Double Boxes=Keith and Jean/Newsroom]
We'll have the story, plus all the latest news, weather, and sports tonight on News 7 at 11--Keith?
[Keith ad lib byes][Close]
(Weekday 6 only)
[SUPER=x4032; e-mail/Most Watched/Copyright/WEEKDAYS]
SUPER=x4033; Fax/Most Watched/Copyright/WEEKDAYS
(Weekend 6 only)
SUPER=x4031; Fax/Copyright/WEEKENDSSUPER=x4030; e-mail/Copyright/WEEKENDS