Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, January 15, 1992 TAG: 9201150128
SECTION: BUSINESS PAGE: A-5 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
IN BUSINESS
Gasoline prices near their low for 1991After falling for an eighth consecutive week, the nationwide average gasoline price is near its 1991 low, the American Automobile Association said. AAA's Fuel Gauge Report shows self-serve regular unleaded down 1.5 cents per gallon this week to an average $1.082.
The nationwide average has fallen 6.1 cents per gallon since Nov. 19 and is only .2 cent higher than the 1991 low of $1.08 on March 5.
The nationwide average price of self-serve regular leaded gasoline fell 1.4 cents this week to $1.075 per gallon. The self-serve mid-grade unleaded average is 1 cent lower at $1.188 per gallon and the self-serve premium average fell .7 cent to $1.271. - Staff report
Wytheville plant sees no fast end to layoffs
Kingston-Warren, a Wytheville maker of window channels for General Motors Corp. cars, said Tuesday it has called back one of 99 production workers laid off last week but does not see a revival in business in the near future.
The plant, a division of Harvard Industries, ran into soft business conditions, said personnel manager Fred Starling. It employs 560 workers.
The plant is "a just-in-time" manufacturer, ordering materials for production runs next week, Starling explained. Its production, therefore, depends on the number of cars General Motors schedules for its assembly lines.
Starling said the company had hoped the numbers would be reduced by attrition but the turnover did not occur. "Business is not really bad, but it is not good," he said.
The employees on layoff will retain their seniority and will not be severed from the work force, Starling said, but he does not know how long they will be idle. - Staff report
Landmark to buy The Travel Channel
Landmark Communications Inc. said Tuesday it will purchase for $50 million "substantially all" of The Travel Channel from Trans World Airlines Inc., which owns 97 percent of the cable television operation.
The 24-hour satellite product carries 30- and 60-minute programs on domestic and international travel, highlighting attractions and activities.
The operation will move to Atlanta from its base in Mount Kisco, N.Y., and will become a separate entity within Landmark's broadcasting and video enterprises division, which also includes The Weather Channel.
Norfolk-based Landmark is the parent of Times-World Corp., publisher of the Roanoke Times & World-News. - Staff report
Briefly . . .
Despite what the tickets say, the Roanoke Regional Chamber of Commerce's 102nd annual meeting will take place tonight at the Roanoke Airport Marriott hotel. The 500 tickets printed for the event give a Thursday date.
Photo Lab, a Salem firm operating under protection of bankruptcy reorganization, said Tuesday it has renegotiated leases with landlords for its nine photo processing labs. Roy Creasy, the company's lawyer, said it has received court approval to delay filing its reorganization plan for three months, until April 14.