Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, July 28, 1995 TAG: 9507280083
SECTION: BUSINESS PAGE: A-7 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
WASHINGTON - The number of American workers filing new claims for jobless benefits fell by 42,000 last week after temporary auto plant closings pushed claims to their highest level in nearly three years earlier this month.
The Labor Department said Thursday new applications for unemployment insurance totaled a seasonally adjusted 374,000, down from a revised 416,000 a week earlier and the lowest since 367,000 during the week ended July 1.
- Associated Press
Ex-worker sues hotel
A former employee of the Hotel Roanoke and Conference Center has accused hotel officials of firing him for union activities.
Billy Bova, business representative of Local 891 of the International Brotherhood of Painters and Allied Trades in Roanoke, made the allegation in a filing with the National Labor Relations Board. NRLB spokesman Curtis Wells said Wednesday the charge, filed July 3, was being investigated.
Hotel Roanoke General Manager Gary Walton said he could not comment directly on the matter because it involves a personnel issue, but did say, "We do not discriminate against anybody."
Bova was a banquet server until his firing April 7, his charge said.
Hotel Roanoke employees are not represented by any union, Walton said. He added that he is not aware of any organizing activity.
- Staff Report
Scandal hurts bottom line
NEW YORK - Paine Webber Group Inc. said Thursday it took a $126 million charge to cover costs from its limited-partnership scandal, resulting in a loss for the second quarter.
The nation's fourth-largest securities firm said it expects to reach a settlement with the Securities and Exchange Commission within 90 days concerning partnerships it sold investors between 1980 and 1992. The SEC says some of the firm's brokers concealed risks associated with the $2 billion of real estate, energy and airplane-leasing partnerships it sold.
Paine Webber said the charge, equal to $200 million before taxes, includes the amount the firm expects to pay the SEC and individual investors suing the firm. Some investors accused Paine Webber of using fraudulent marketing materials and collecting inflated fees in the partnership sales.
- Bloomberg Business News
by CNB