Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, June 11, 1993 TAG: 9306110157
SECTION: BUSINESS PAGE: B9 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Retired Rep. Jim Olin of Roanoke and Westvaco Senior Vice President Jack Hammond were named Thursday to the corporate advisory council helping the newly formed Alleghany Highlands Economic Development Authority.
They join Marshall University President Wade Gilley, whose appointment was announced earlier.
The authority, created by the General Assembly to promote economic development in Alleghany County and Clifton Forge, starts July 1. Its members will be appointed by the governor and the two local governments involved. - Staff report
\ Union voted down at Apco in Abingdon
Appalachian Power Co. workers in two work groups at the Abingdon division voted Thursday against joining Local 678 of the International Brotherhood of Electrical Workers.
Linemen and station mechanics voted 36-33 against joining; meter readers voted 16-15, said Pete Montague, manager of the division, which covers Dickenson, Scott, Smyth, Russell and Washington counties.
"It's awfully close," Montague said late Thursday. "We were delighted that the union lost."
He said it was the third time in about 20 years that a union vote by the division's workers has failed. - Staff report
\ Briefly . . .
\ Stanley Furniture Co. Inc., a Stanleytown residential wood furniture manufacturer, said it has filed with the federal Securities and Exchange Commission a proposed offering of 1.5 million shares of common stock, plus 225,000 shares subject to the underwriters' over-allotment options. The company said it also plans to implement a 1-for-2 reserve stock split with the offer.
\ Security Pacific Financial Services, a consumer finance company owned by BankAmerica Corp., has moved its Roanoke office from 10 Franklin Road to 2362-A Peters Creek Road. Harrison Porterfield remains manager of the branch.
\ The United Mine Workers ordered 3,000 more miners onto picket lines Thursday, bringing to about 12,000 the number on strike in six states. The latest wave of walkouts came at four Peabody Coal Co. operations in West Virginia, three in Illinois and one in Kentucky, along with one CONSOL Inc. operation each in Illinois and West Virginia. Six contract mines operated by the companies also are involved, the UMW said.
\ Eleven years after it began as a small research project at the General Motors Tech Center in Warren, and three years after it began building cars in Tennessee, Saturn Corp. earned its first-ever profit during May. Saturn officials wouldn't specify the amount of the profit but described it as "significant," and "more than a pittance."
by CNB