Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, November 8, 1995 TAG: 9511080075
SECTION: BUSINESS PAGE: B-6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
NEW YORK - CompuServe Inc. has settled a lawsuit filed by music publishers over the alleged copyright infringement of involving more than 900 songs.
The 1993 lawsuit was filed after CompuServe subscribers downloaded ``Unchained Melody'' and other recordings from its databases, the service said Tuesday. It was filed by Frank Music Corp. and supported by The Harry Fox Agency, a music publishers' rights-licensing agency and subsidiary of the National Music Publishers' Association.
The amount of the settlement, which must be approved by a federal judge, wasn't disclosed. CompuServe made no admission of liability and will make a payment to the Fox agency that will be divided among the publishers.
The settlement outlines a licensing arrangement under which the Fox agency would permit future downloading of publishers' songs and oversee the distribution of royalties. The publisher's rate for downloading a song is about 7 cents.
- Associated Press
Ex-metalworker buys cabinet shop
Shan Carroll of Rocky Mount, former metalworking supervisor in the now-closed Roanoke drill production plant of Gardner-Denver Mining and Construction, has bought Vest Cabinet Company Inc. of Christiansburg. Terms of the deal, brokered by Bundy and Co. of Roanoke, were not disclosed.
After Gardner-Denver closed its Roanoke plant in 1992, Carroll worked for window maker MW Manufacturers Inc. in Rocky Mount. He quit MW, where he was manager of quality control and customer service, to buy the cabinet shop last month.
The seller, Thomas S. Reed, bought the company after the 1994 death of founder Paul K. Vest, who started it in 1972. The company makes cabinets, shelves, entertainment centers, mantels and countertops to order.
- Staff report
Briefly ...
The Evergreen Funds, the mutual fund unit of First Union Corp., said Tuesday it has launched a flexible mutual fund investment plan. The systematic plan requires no initial payment. Customers can start the plan with a minimum of $50 a month and choose a predetermined dollar amount that is automatically invested in an Evergreen mutual fund on a semimonthly, monthly or quarterly basis.
The Roanoke Times this month will conduct its annual poll of Western Virginia businesses, asking their operators and executives to assess the current year's results and forecast business conditions for 1996. Returns are received and processed by Roanoke College to assure respondents' anonymity. Survey forms will be mailed late this month, and results will be published in January. Companies that would like to be included should contact business editor John Levin at (540) 981-3340 before Nov. 17.
by CNB