Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, November 25, 1993 TAG: 9311250255
SECTION: BUSINESS PAGE: C1 EDITION: HOLIDAY
SOURCE:
DATELINE: LENGTH: Medium
WASHINGTON - Orders and deliveries of new rail cars in the third quarter continued ahead of last year's pace, according to the Association of American Railroads.
Railroads and private car companies ordered 5,277 cars in the quarter, up 14.2 percent from the 1992 period. Deliveries of new freight cars totaled 8,285, up 10.3 percent.
Rebuilt freight car deliveries rose to 1,862 from 795; orders for rebuilt cars rose to 1,777 from 366. Locomotive deliveries fell from 211 to 175. - Staff report
\ Blockbuster finishes Super Club buyout
Blockbuster Entertainment Corp., the Fort Lauderdale, Fla.-based chain of video rental stores with operations in Western Virginia, said it has completed acquisition of Super Club Retail Entertainment Corp., a subsidiary of Philips Electronics N.V.
Blockbuster issued about 5.2 million shares of its common stock in connection with the acquisition, meaning Philips Electronics of Eindhoven, Netherlands, directly or indirectly owns about 7.6 percent of its outstanding stock.
Super Club Retail is the largest music retailer in the Southeastern United States, operating approximately 270 stores under the names Record Bar, Tracks, Turtles and Rhythm and Views. - Staff report
\ Briefly . . .
\ The Kroger Co., Cincinnati-based supermarket chain with a regional headquarters in Roanoke, said Wednesday it has agreed to buy 11 stores in the Houston area from AppleTree Markets Inc. The price was not disclosed.
\ Moody's Investors Service has assigned ratings of Aa3 and Prime-1 to First Virginia Bank for its deposits and other senior obligations. The rating agency said the grades "reflect the bank's excellent profitability and asset quality, as well as its good consumer banking business."
by CNB