Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: TUESDAY, December 13, 1994 TAG: 9412130062
SECTION: BUSINESS PAGE: B8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Some 400 production workers at Singer Furniture Co. in Roanoke will get an extra week off during the holiday period, but they'll also lose a week's pay.
The company said Monday the Roanoke plant will shut down the week of Dec. 19 in addition to the paid week's vacation scheduled for the week between Christmas and New Year's.
The plant makes Singer's more expensive lines and has already met the inventory needs of those customers, said William G. Foster, vice president for human resources.
Other Singer plants will operate as usual during the Dec. 19 furlough week, he said.
-Staff report
Bank of Buchanan buys Troutville site
Bank of Buchanan will buy NationsBank's Troutville office building at 60 Lee Highway North for its new branch there. NationsBank closed the office Friday and moved the deposits to its Daleville branch.
H. Watts Steger III, president of Bank of Buchanan, said it will remodel the building and reopen it March 9. In the interim, it will open a temporary location at Lee Highway and Mountain Pass Road on Jan. 6.
-Staff report
Briefly ...
Columbia/HCA Healthcare Corp., Louisville, Ky., parent of Lewis-Gale Hospital in Salem, said Monday it has agreed with trustees of Tarpon Springs Hospital Foundation Inc. to form a joint venture to operate Helen Ellis Memorial Hospital in Tarpon Springs, Fla. Terms of the transaction, expected to close next spring, were not disclosed. Helen Ellis is a 150-bed, general acute-care hospital.
Long John Silver's Restaurants Inc. of Lexington, Ky., said Monday it will remain a privately held company following Triarc Cos. Inc.'s decision not to proceed with a proposed acquisition of the fast-food seafood chain because of higher interest rates and difficult capital markets. Triarc operates Arby's Restaurants.
by CNB