Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, December 11, 1993 TAG: 9312110098
SECTION: BUSINESS PAGE: A-6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
The scheduling changes, which take effect Feb. 16, will reduce aircraft ground times from about 45 minutes to as little as 25 minutes at airports where flights are less than 500 miles apart.
The new schedules are intended to make more efficient use of employees, aircraft and facilities, said airline Chairman Seth Schofield.
After several months of operation in the first city-pair markets, the new short-haul service will be expanded to other similar markets throughout the USAir system.
It was not clear if Roanoke will be among the first cities affected by the new schedules. USAir won't identify those cities for another couple of weeks for competitive reasons, airline spokesman Dave Shipley said.
USAir plans other changes in its short-haul service, as well as new prices and new domestic and transatlantic long-haul services in several stages during 1994, the airline said. - Staff report
Prudential Securities settles fraud claims
RICHMOND - Prudential Securities Inc. has paid the state $500,000 to settle charges that it defrauded Virginia investors, the State Corporation Commission said.
The SCC said Prudential brokers sold real estate and energy limited partnerships in the 1980s to about 8,500 Virginians who were given false information about the risks and expected returns.
In its agreement with the commission, Prudential neither admitted or denied the accusation that it violated state securities laws.
- Associated Press
Bankruptcy Court gets 6 petitions
Six petitions with business connections have been filed in the U.S. Bankruptcy Court for the Western District of Virginia in Roanoke:
Gerald Ronald Craig Jr. and Alisa N. Craig of Salem filed for liquidation, reporting assets of $42,530 and liabilities of $63,562. He is the owner of Affordable Auto Sales in Salem.
Jimmy Holland Boyd of Honaker, seeking liquidation, said he had assets of $3,975 and liabilities of $984,667. He owns Unity Farms Construction and Spring City Developers Inc.
Clifford James Wolford Jr. and Cheryl Ann Ward Wolford, doing business as Quality Dry Cleaners at Grundy, filed for liquidation, reporting assets of $69,776 and liabilities of $117,166.
Larry R. Keene and Belinda Gale Keene of Grundy sought liquidation, listing assets of $39,099 and liabilities of $55,758. His business is Lady K Trucking.
Anthony J. Bryant and Cynthia B. Bryant of Roanoke sought protection from creditors during reorganization and listed assets of $14,950 and liabilities of $112,824. He operates Geronimo Cleaning.
Martin Gale Gallimore and Nancy Amos Gallimore of Elliston filed for reorganization and reported assets of $35,855 and liabilities of $49,313. He operates Gallimore Enterprise Inc. of Blacksburg, trading as E. Gadds and New River Valley Security/Investigations. - Staff report
Parkway group gets promotional funds
Virginia Parkway Hosts Inc., a hospitality industry group promoting the Blue Ridge Parkway to tourists, has received a $5,000 matching grant from the state Department of Economic Development.
Greg Poirier, general manager of Doe Run Lodge near Hillsville and a director of Virginia Parkway Hosts, said the group hopes to open a visitors center in May at Orchard Gap and develop a map to help travelers get to communities near the parkway.
The group has commitments for funds from Hillsville, Galax and Carroll and Patrick counties. It will seek support from Floyd County, and Surry County and Mount Airy, N.C. The funding goal is $8,000 to $10,000. - Staff report
Briefly . . .
Chesapeake Corp., a Richmond-based forest products company with operations of its Chesapeake Packaging Co. division in Roanoke, said Friday it has agreed for the packaging company to acquire Lawless Holding Corp., a North Tonawanda, N.Y.-based packaging maker.
Precision Fabrics Group Inc., which has a plant in Vinton, has been honored by the American Society of Tropical Medicine and Hygiene. A nylon cloth the company made and donated for use in the filtration of drinking water has made it possible for health workers to almost eradicate the Guinea worm, which in 1990 caused 10 million cases of disease in Africa and Asia, the society said.
Memo: ***CORRECTION***