Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, May 20, 1995 TAG: 9505220035
SECTION: BUSINESS PAGE: A6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
FALLS CHURCH - Capital One Financial Corp. says it is opening a customer service center in Tampa, Fla.
The Falls Church-based credit-card issuer said the expansion was prompted in part by the need to hire people faster than was possible in Richmond and Fredericksburg, where it operates service centers.
The Tampa center will open in mid-August with about 150 employees, Capital One said. It will be a backup center to the Virginia sites in case of emergency and enable Capital One to hire some Spanish-speaking service representatives.
Capital One was spun off from Richmond-based Signet Banking Corp. in late February.
- Associated Press
Court considers controversial sale
The U.S. Bankruptcy Court for Western Virginia at Roanoke is considering a motion that would permit sale of a tract of land near Hunting Hills for development.
The land is owned by Wood-hill Corp., which previously filed with the court for reorganization. Woodhill was the name given to the former Lynn Brae Farms, owned by Roanoke developer T.D. Steele, when it sought the court's protection from creditors in March.
Several creditors objected to the motion to allow sale of the property free of encumbrances. They said Steele had held title to the land, which he transferred to Lynn Brae Farms just before the name was changed to Woodhill about the time the bankruptcy case was filed.
The tract fronts on Buck Mountain Road in Roanoke County. It also is bounded by the Blue Ridge Parkway, Hunting Hills and Old Heritage land. The court papers did not state the size of the property.
The motion was accompanied by a proposed contract for sale of the property to Strauss Construction Corp. and Vaughn Inc. for $525,000.
In filings with the court, Woodhill said it did not know the amount of its assets but listed liabilities at $5,740,203.
Woodhill said it owned the Hunting Hills tract, Tanglewood Executive Park and a Tanglewood office building in Roanoke County, and three farms totaling 705 acres in Botetourt County. The filings listed claims of $8,023,890 against the properties.
- Staff report
Bankruptcies
Three bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. One of them is a personal bankruptcy that the court listed as a business because it has commercial connections and could be of interest to business creditors and customers.
B.P.&E. Mining Equipment and Services of Wise filed for reorganization and protection from creditors. The company said it has assets of $614,035 and liabilities of $541,142.
Gilbert R. Hodges and Judith C. Hodges of Roanoke filed for a wage-earner plan for repayment of creditors. Gilbert Hodges is a self-employed electrician. The couple showed assets of $10,301 and liabilities of $73,208.
Roger Wayne Burleson and Debra G. Burleson of Blacksburg filed for liquidation with assets of $5,175 and liabilities of $16,636. Debra Burleson said she is self-employed but did not specify an occupation.
- Staff report
Earnings
Bombay Co., Fort Worth, Texas-based chain of home furnishings stores, reported net income of $1.8 million, or 5 cents per share, on sales of $77.9 million in its first quarter ended April 29, compared with year-earlier $2.4 million, or 6 cents per share, on sales of $64.3 million.
Books-A-Million Inc., Birmingham, Ala.-based retailer, reported net income of $1.1 million, or 6 cents per share, on sales of $44 million in its first quarter ended April 29, compared with year-earlier $887,000, or 5 cents per share, on sales of $30.9 million.
Charming Shoppes Inc., Bensalem, Pa.-based retailer operating Fashion Bug stores, reported a net loss of $4.4 million, or 4 cents per share, on sales of $244.3 million in its first quarter ended April 29, compared with year-earlier net income of $13.9 million, or 13 cents per share, on sales of $297.6 million.
Woolworth Corp., New York-based retailer, reported a net loss of $80 million, or 60 cents per share, on sales of $1.79 billion in its first quarter ended April 29, compared with a year-earlier loss of $38 million, or 29 cents per share, on sales of $1.76 billion.
by CNB