Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, August 23, 1995 TAG: 9508230062
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Taylor Brothers Inc., a building materials supply company based in Lynchburg, has opened a distribution center in the Blue Ridge Industrial Center off Brandon Avenue in Roanoke.
The center is designed to serve commercial and residential building contractors, said manager Jimmy Hutter. While Taylor Brothers does have a retail store in Lynchburg, the distribution center in Roanoke does not include a retail showroom, he said.
The distribution center has a staff of four. By the end of the year, Hutter said, the Roanoke center could have 50 employees. The Taylor Brothers in Lynchburg employs 95, he said.
Taylor Brothers opened its Lynchburg store in 1952. The company had been doing business with Roanoke-area commercial contractors for some time, Hutter said, and now will be able to expand its business to residential contractors.
- Staff report
Air South teams with Kiwi Airlines
COLUMBIA, S.C. - Air South is forming an alliance with New Jersey-based Kiwi International Airlines, giving passengers the option to travel to any of the two airlines' destinations on a single ticket.
The agreement will expand both airlines' routes, with Kiwi gaining access to more Southern cities and Air South broadening its position in the north.
The details of the agreement were to be announced during a news conference today.
Air South flies in South Carolina, North Carolina, Georgia and Florida.
- Associated Press
Texas company gets record fine
WASHINGTON - A Dallas explosives company has agreed to pay a record $10 million fine after pleading guilty to conspiring to fix prices and bid rigging, the Justice Department said Tuesday.
The conspiracy by ICI Explosives USA Inc. and unnamed co-conspirators took place in western Kentucky from the fall of 1988 through mid-1992 and involved agreements to increase prices for explosives used in coal mining and quarry operations, according to court documents.
The $10 million fine is the largest to be paid by a single defendant in a criminal antitrust case. The fine is based on the amount of sales affected by the price fixing - about $50 million - and the culpability of the firm, according to Deputy Assistant Attorney General Gary R. Spratling.
ICI is cooperating with an ongoing investigation of price fixing in the commercial explosives industry, he said.
``Let this $10 million fine be a warning,'' said Anne K. Bingaman, head of the antitrust division of the Justice Department. ``If you take part in this type of illegal activity, we will hit you where it hurts most, your pocketbooks.''
- The Washington Post
Kellogg may cut at cereal plants
Kellogg Co. said it is considering cutting more than 1,000 workers from its cereal plants in Battle Creek, Mich., and Memphis, Tenn.
The job cuts would result in an estimated pretax savings of $60 million to $70 million a year, the company said.
- Bloomberg Business News
by CNB