ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Friday, June 28, 1996 TAG: 9606280051
SECTION: BUSINESS PAGE: A-7 EDITION: METRO
Credit card documents found in creeks a riddle
RICHMOND - Capital One still isn't saying specifically how thousands of its credit card records wound up in a creek in western Henrico County, but the company says it is a company problem and no individuals have been fired because of it.
``The real point is, we made a horrible mistake,'' said Diana Sun, a spokeswoman for Capital One Financial Corp. ``It wasn't one person. The whole company fell down.''
She said the company has been examining everything about the way it operates in an effort to be sure no such lapse happens again. And it has changed the way it handles trash: now everything except garbage will be mixed together and shredded.
Picnickers found microfiche records of credit card statements in Cheswick Park on June 9 and reported the discovery to Capital One. The records were from several billing cycles in 1995.
The company was the credit card division of Signet Banking Corp. before it was spun off early last year. It handles more than 6 million accounts from all over the country.
- Associated Press
Jennings workers reject contract
Employees of Jennings & Webb Inc., a Covington trucking company, have rejected a proposed first contract with their employer, union officials said Thursday.
M. Glenn Anglin, international representative of the United Paperworks Union, said he hopes for further negotiations in light of this week's vote and will ask company representatives to agree to a meeting date. Workers approved union representation in October.
The union is negotiating on behalf of 70 drivers, dispatchers, mechanics, and unloaders. The company works for Westvaco Corp.'s paperboard manufacturing operations.
- Staff report
Name changes up sharply
NEW YORK - The number of American companies that changed names during the first half of 1996 was up 30 percent compared to the same period last year, a survey shows.
Mergers, acquisitions and restructurings accounted for most of the new corporate names, said the survey released Thursday by the identity consulting firm Anspach Grossman Enterprise.
Not all name changes resulted in new names. Chase Manhattan, for example, is the surviving name of that bank's fusion with Chemical Banking Corp. - Associated Press
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