Roanoke Times

& World-News

Business: Friday, May 17, 1996

• COMPUTER INDUSTRY TO INVEST IN VIRGINIA AGAIN
• ROAD TRIPS FORECAST TO RISE OVER THE SUMMER
• BETTER BOND BECKONS NEW TYPE INTENDED AS INFLATION-PROOF
• STAR CITY GIVES TOURISM CUE TO GREENSBORO
• TURNER TO BUILD DONNELLEY PLANT
• REPORTED EARNINGS GAP INC. 1ST QTR. ENDED 5-4 1996 1995 REVENUES $1.11 BILLION $848.7 MILLION NET INCOME $81.6 MILLION $50.1 MILLION SHARE EARNINGS 28 CENTS 17 CENTS GAP, SAN FRANCISCO-BASED APPAREL RETAILER, OPERATES A STORE IN ROANOKE. WOOLWORTH CORP. 1ST QTR. ENDED 4-27 1996 1995 REVENUES $1.82 BILLION $1.79 BILLION NET INCOME ($22 MILLION) ($80 MILLION) SHARE EARNINGS (17 CENTS) (60 CENTS) NEW YORK-BASED WOOLWORTH OPERATES F.W. WOOLWORTH, CHAMPS SPORTS, FOOT LOCKER AND LADY FOOT LOCKER STORES IN THE ROANOKE VALLEY. FIRST-QUARTER RESULTS INCLUDE A $13 MILLION LOSS RELATED TO THE CLOSING OF THE 20-STORE RX PLACE DRUG MART CHAIN. |*FIGURES IN PARENTHESES INDICATE A LOSS.
• IN BUSINESS
• CELL PHONE, PACEMAKER FINDS VALIDATED IN STUDY TOO-CLOSE ANTENNA MAY MAKE DEVICES MALFUNCTION
• ALWAYS HOTEL ROANOKE