ROANOKE TIMES
Copyright (c) 1995, Roanoke Times
DATE: Friday, December 15, 1995 TAG: 9512150074
SECTION: BUSINESS PAGE: A-15 EDITION: METRO
Wal-Marts, Sam's get Crestar ATMs
RICHMOND - Crestar Bank said Thursday it will place 21 automatic teller machines in Wal-Mart Stores and Sam's Clubs throughout Virginia, including the Sam's Club in Roanoke and Wal-Marts in Roanoke, Salem and Bedford.
Crestar is acquiring the ATMs from New Jersey-based Berkeley Federal Bank and Trust. The purchase will bring to 328 the number of ATMs in Crestar's electronic banking network in Virginia, Maryland and Washington, D.C.
- Associated Press
Region 2000 wins national award
Virginia's Region 2000, the economic development agency serving seven central and Southwest Virginia localities, said Thursday it has been named one of the top economic development programs in the nation by Business Facilities magazine.
Region 2000 - serving Bedford, Lynchburg, Altavista and the counties of Bedford, Appomattox, Amherst and Campbell - tied with Brea Redevelopment Agency in Brea, Calif., for the highest score achieved by all entries in all categories.
The magazine credits business and government leaders with cooperating to create and fund Region 2000 and with spurring the creation of more than 11,000 jobs between 1988 and 1995. Half the funding for Region 2000 is provided by the seven localities, half by private businesses.
The publication, which serves corporate site selection professionals, sponsors the annual Economic Development Achievement Awards
- Staff report
NS capital budget up 2% for next year
Norfolk Southern Corp. said Thursday it will spend $708 million on capital improvements next year, a portion of which will go toward the continued rebuilding of freight cars at the railroad's East End car shops in Roanoke.
The 1996 capital budget, a 2 percent increase from this year's $695 million, includes $244 million for rail, cross-tie, rail bed, and bridge replacement programs across NS territory, which covers 20 Southeastern and Midwestern states and Ontario, Canada.
Another $193 million will be used to buy locomotives and rebuild or buy new freight cars, including the continuation of the coal gondola rebodying program in Roanoke.
The budget also includes $49 million to upgrade the communication system; $21 million to improve rail-line capacity; $21 million to improve existing rail yards in the Chicago area, Atlanta and Alabama; and $20 million for new or expanded intermodal, automotive and municipal solid-waste facilities.
- Staff report
Harris Teeter parent to sell graphics unit
Ruddick Corp., Charlotte, N.C.-based parent of Harris Teeter supermarkets, said Thursday it has agreed to sell its Jordan Graphics Inc. subsidiary to the Reynolds and Reynolds Co., a Dayton, Ohio, information system provider to the automotive, health care and other industries.
Terms of the sale, expected to be complete in early 1996, were not disclosed. Jordan Graphics's fiscal 1995 sales were 3% of Ruddick Corp.'s consolidated sales of $2.07 billion.
- Staff report
Earnings
Circuit City Stores Inc., Richmond retailer of consumer electronics and used cars, reported third-quarter net earnings of $31.5 million, or 32 cents per share, on sales of $1.78 billion, compared with year-earlier $28.4 million, or 29 cents, on sales of $1.41 billion. Nine-month earnings were $97.3 million, or 99 cents per share, on sales of $4.78 billion, compared with $84.2 million, or 86 cents, on sales of $3.67 billion.
Darden Restaurants Inc., Orlando, Fla., parent of Red Lobster and Olive Garden chains, reported second-quarter net earnings of $16.3 million, or 10 cents per share, on sales of $731.2 million, compared with year-earlier $11.7 million, or 7 cents, on sales of $733.4 million. Six-month earnings were $4.3 million, or 3 cents per share, on sales of $1.57 billion, compared with $43.2 million, or 27 cents, on sales of $1.52 billion.
Revco D.S. Inc., Twinsburg, Ohio, parent of Revco drugstores, reported second-quarter net income of $11.5 million, or 17 cents per share, on sales of $1.14 billion, compared with year-earlier $5 million, or 8 cents, on sales of $1.03 billion. Six-month income was $19.9 million, or 30 cents, on sales of $2.21 billion, compared with $8 million, or 18 cents, on sales of $1.72 billion.
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