For
the Record is
compiled from company releases, business
journals and newspaper reports from around
the state. If you have an item for these
listings:
• Mail it to:
For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293
The University of Virginia’s
Colgate Darden Graduate School of Business Administration,
was selected to be home to the Business Roundtable
Institute for Corporate Ethics. Several leading
universities around the nation will participate
in a program that aims to improve business-ethics
education to counter a series of recent scandals
that tainted several American corporations. The
Business Roundtable, an organization of chief
executives from 150 major corporations, will pay
approximately $3 million over three years to the
fund the institute. (01/15/04, The Washington
Post)
Eagle Tele-Services,
a Richmond-based response center focused on
providing roadside assistance, dispatching and
fleet management services to the commercial
trucking industry, entered into an agreement
with American Commercial Tire Network (ACTN)
for after-hours fleet dispatch services. The
ACTN’s 17-member companies have over 275
tire dealer/service locations throughout the
continental United States. (01/12/04, Press
release)
XO Communications,
a broadband services provider based in Reston,
and Global Crossing, a Florham Park, N.J. telecommunications
firm, signed two agreements. XO agreed to buy
a minimum of $50 million of voice termination
services from Global Crossing over five years;
and, in an amendment to an existing deal on the
purchase of local access and private line data
services, Global Crossing will purchase a minimum
of $70 million in services from XO over the next
five years. (01/08/04, PRNewswire)
Atlantic Coast Airlines
of Dulles, contracted with IBM’s Global
Services division to design next-generation
customer service systems for Independence Air,
a low-fare airline to launch later this year
that will serve Washington Dulles International
Airport and 50 other national destinations.
The Independence Air hub at Dulles will be the
largest low-fare hub in the country with over
325 daily departures. (01/08/04, PRNewswire)
