ROANOKE TIMES
Copyright (c) 1995, Roanoke Times
DATE: Saturday, December 30, 1995 TAG: 9601020038
SECTION: BUSINESS PAGE: A-6 EDITION: METRO
MEMO: ***CORRECTION***
Published correction ran on January 5, 1996.
Amplification
Jim Hodges of Hall Associates Inc. in Roanoke was broker for the
transaction in which Claude Erps Construction Co. of Bluefield, W. Va.,
will construct a post office in Daleville and lease it to the U.S.
Postal Service. His name was omitted from an item on the Dec. 30
Business Page.
AT&T offer gets weak response
NEW YORK - Hundreds of AT&T employees faced a Friday deadline to join the 2,900 others who have accepted a voluntary severance package, but the company said it wouldn't provide a final tally until Tuesday.
The leading telecommunications provider offered the buyout to 72,000 supervisory employees - about half its supervisory staff - in mid-November as part of a sweeping plan to split into three separate companies.
While the response to the offer appeared weak, AT&T said the 4 percent acceptance rate through Thursday morning was in line with initial expectations and that it was expecting 700 or more additional acceptances.
Additional workers from AT&T's 303,700-person work force will be laid off beginning in January to meet the company's job-reduction goals.
Leeson decides against appealing
SINGAPORE - Nick Leeson gambled away the fortunes of Britain's oldest investment bank. But when it came to his own prison sentence, the trader took no chances.
In an 11th-hour decision Friday, Leeson announced he would not appeal a six-year jail term for his role in the $1.38 billion collapse of Barings Bank in February.
An appeal might have earned him his freedom earlier, but with a risk: The judge could have increased his sentence to the maximum of seven years. Laws here allow harsher sentences on appeal.
- Associated Press
Roanoke firm gives 'net access
Kinetic Data Systems Inc., a Roanoke computer consulting firm, said Friday it has begun providing Internet access in the Roanoke area. The service, which is being offered through a division of the company called Rev.Net - or Roanoke Electronic Village Network - is based and maintained in Roanoke.
The service has the capacity to use up to 200 incoming telephone lines.
In addition to Internet access, Rev.Net provides Web site creation and management and corporate domain creation, which allows companies to have their own Internet addresses. Rev.Net also offers classes and seminars on using the Internet for business.
- Staff report
Building post office to begin
Construction will begin next week on a new post office in Daleville.
The new site is across from Lord Botetourt High School and next to the Advance store on U.S. 220 north. Claude Erps Construction Co. of Bluefield, W.Va., will construct the post office and lease it to the government. Construction is expected to take five months.
- Staff report
LENGTH: Medium: 64 linesby CNB