Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, November 10, 1995 TAG: 9511100082
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
InfiNet, an Internet services provider, has licensed two new pieces of software its customers can use to browse the World Wide Web.
InfiNet will begin offering its customers copies of the NetScape web browser in December and the Spyglass Mosaic browser by next June, the company said. Media companies that offer Internet access in partnership with InfiNet will have a choice of which browser they want to offer their customers.
Spyglass, licensed Thursday, lets users view the most advanced web content and includes a secure way to make electronic payments.
InfiNet, a partnership of Landmark Communications of Norfolk and Knight-Ridder Inc. of Miami, helps publishers and broadcasters establish services, including electronic publications, on the World Wide Web. It has media partners in 18 cities and contracts with partners in 30 more cities. The Roanoke Times, a subsidiary of Landmark, is one of InfiNet's media partners.
- Staff report
Capital One to hire up to 1,000 in Va.
RICHMOND - Credit card concern Capital One Financial Corp. plans to hire 1,000 people next year as its business continues to expand after its spinoff from Signet Banking Corp. The Falls Church-based company also said it plans to build a $30 million operations center in Richmond.
Capital One employs about 3,400 people in Richmond; Fredericksburg; and Tampa, Fla. Most of the new hires next year will be in Richmond. The company said it has hired 1,200 this year.
Capital One, spun off by Signet last winter, had $10.2 billion in credit-card charges at the end of this year's third quarter, according to RAM Research, a consulting business that follows the credit-card industry. In all of last year, the company had $7.4 billion in charges.
- Associated Press
Briefly ...
ABB Power T&D Co. Inc. of Bland has won a $249,900 contract from the Navy's Fleet and Industrial Supply Center in Bremerton, Wash., to supply transformers.
Hundreds of thousands of homeowners will share in a $950 million settlement by Shell Oil Co. and Hoechst Celanese to repair polybutylene plumbing that leaked when exposed to chlorine and other chemicals in tap water. The settlement was approved Thursday by a judge in Tennessee.
Earnings
SWVA Bancshares Inc. of Roanoke, holding company of Southwest Virginia Savings Bank, reported income of $66,000, or 13 cents a share, for its first quarter ended Sept. 30. That was down 18.5 percent from $81,000 last year. The company cited an increase in personnel costs associated with an employee stock option plan, decreased loan originations and increased legal fees associated with being a stock company.
The company did not increase its provision for loan losses during the quarter, because it considered its current provision of $194,000 adequate. The bank had no nonperforming loans Sept. 30. Assets were $66.7 million at the end of the quarter.
by CNB