THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Saturday, April 29, 1995 TAG: 9504290439
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: Short : 41 lines
Hampton Roads' nonfarm employment grew by 23,800 to 618,000 in February, according to the Virginia Employment Commission on Friday. That's up 4 percent from February 1994. It's the first time nonfarm employment growth rose 4 percent since before the the 1990-91 recession. Throughout the rest of the commonwealth, nonfarm employment in February rose 3.7 percent above last year's level. Services accounted for 45.4 percent of the statewide job growth. Construction employment also contributed to the higher number of nonfarm jobs. (Staff) Newport News terminal to get Turkish containers
A Turkish ship line will send 1,800 containers a year through the Newport News Marine Terminal, shifting some of its business from a North Carolina port. Turkish Cargo Line of Istanbul will ship about 150 containers of Turkish tobacco into Newport News each month, said General Manager Joe Dorto of Virginia International Terminals. The new business will boost the marine terminal's container volume by about 8 percent. The ship line sent containers through Norfolk International Terminal until three years ago, when it switched to Wilmington, N.C. (AP) Crestar to purchase Baltimore thrift company
Crestar Financial Corp. announced an agreement Friday to buy Loyola Capital Corp., a Baltimore thrift holding company with $2.5 billion in assets and $1.5 billion in deposits. Richmond-based Crestar said it expects to acquire Loyola, the parent of Loyola Federal Savings Bank, for an exchange of shares valued at $251 million. Crestar and Loyola still must reach a definitive merger agreement, which will have to be approved by Loyola shareholders and banking regulators. The transaction likely will be completed late this year. (Staff) by CNB