Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, May 27, 1995 TAG: 9505300055
SECTION: BUSINESS PAGE: A6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
The Southland Corp. said it has begun installing automated teller machines in its 7-Eleven Food Stores in the Roanoke region. Karen Raskopf, spokeswoman for the Dallas-based convenience store chain, said 11 of its 22 stores in the Roanoke-Lynchburg region have already been equipped with the cash machines. The company plans to have the machines in 19 of the 22 stores within the next few months.
All 10 locations in the Roanoke Valley will have ATMs, Raskopf said.
That does not mean that a new bank has begun operating in the valley, however. The machines are owned by EDS Corp., the country's largest provider of electronic services, Raskopf said.
EDS specializes in ATMs, point of sale charge machines and electronic data interchange for banks. She said EDS is the largest owner of ATMs in the United States.
EDS charges banks a switching fee for the ATM service, Raskopf said, and most banks pass the fee along to those customers who use the machines.
- Staff report
Dow Corning Corp. motion denied
BAY CITY, Mich. - Plaintiffs in the fight over breast implants won a temporary victory Friday when a federal bankruptcy judge refused a request by Dow Corning Corp. to freeze lawsuits against its parent companies.
Dow Corning - once the largest maker of silicone breast implants - filed for Chapter 11 bankruptcy protection May 15, freezing all debts and claims against it while it figures out a way to pay them.
It had asked the court to grant a temporary restraining order halting breast implant lawsuits against Dow Chemical and Corning Inc., which own Dow Corning in a 50-50 joint venture.
U.S. Bankruptcy Judge Arthur J. Spector denied the motion after a two-day hearing, said Dow Corning spokesman T. Michael Jackson.
- Associated Press
Gas price increase predicted by some
Get ready for the annual summer increase in gas prices - maybe.
As motorists take to the road this Memorial Day weekend, some expect the price of filling the tank to rise by as much as a nickel a gallon, but at least one Roanoke gasoline dealer thinks prices could drop after the holiday.
Gasoline now costs $1.16 to $1.20 a gallon for unleaded regular fuel at self-serve pumps in the Roanoke area.
``This year, demand may prove to be even stronger than usual,'' said Trilby Lundberg, publisher of the Lundberg Letter, an oil industry newsletter tracking market trends.
Lundberg said a number of factors are putting upward pressure on gas prices, including costlier reformulated gasolines to meet emission standards. All cars must use reformulated gasolines by June 1, 1996. Elsewhere around the country, where air pollution levels are high, not including Roanoke, the reformulated gasoline is also required.
Gas prices have been rising steadily since March, when they reached their low for the year.
Terry Phelps of Petroleum Marketing Inc. of Roanoke said the price he has paid for gasoline from his suppliers has gone up 20 cents since March 1. The company has been able to pass along about half that cost at the retail pump because of competitive pressures, Phelps said.
PMI's Stop-In stores in Roanoke are now selling regular unleaded gasoline for $1.15.9 per gallon. The company operates 59 Stop-Ins and supplies gasoline to 100 other stores it does not own.
- Staff and wire report
Bankruptcies
Four 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.
Lucio Avila Camacho and Sheila Denise Williams Camacho of Marion filed for liquidation without estimating assets or liabilities. They operate the White Bull and El Toro restaurants.
Nannie Ruth Ashworth of Bluefield, trading as National Contracting Corp., sought liquidation. She had assets of $25,590 and liabilities of $66,175.
John Robert Dooley and Rebecca Lynn Dooley of Troutville asked for liquidation. They formerly operated J&R Market, and they had assets of $128,626 and liabilities of $156,816.
Tracy Mullins of Wise, trading as Mullins Trucking, filed for a wage-earner plan for repayment of debts with assets of $45,461 and liabilities of $90,608.
- Staff report
by CNB