ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Thursday, May 9, 1996 TAG: 9605090049
SECTION: BUSINESS PAGE: 8 EDITION: METRO
Central Fidelity OKs stock split
Central Fidelity Banks Inc. said Wednesday that it has approved a 3-for-2 split of its common stock and an increase of 10 percent in the quarterly dividend.
Stockholders who receive new shares June 14 must own the Richmond-based banking company's stock May20.
The new cash dividend of 22 cents per share a quarter will be paid July 1 to shareholders of June14.
- Associated Press
Harris Teeter to sell 6 stores
Harris Teeter Inc. said Wednesday it will sell six of its grocery stores, including its West Main Street location in Salem, to Harden Foods Inc., a newly formed company based in Altavista. The stores will operate under the Fresh 'N Friendly name and will emphasize customer service and fresh produce.
The transaction, which will be completed within the next 45 days, includes the sale of fixtures, equipment and inventory. Terms of the sale were not disclosed.
Russ Harden, president and chief executive of Harden Foods, said he plans to offer jobs to current Harris Teeter employees at all six locations.
The six stores that are being sold to Harden did not fit into Harris Teeter's long-term goals, said Harris Teeter President Ned Dunn. In addition to the Salem location, Harden also bought Harris Teeter stores in Reidsville, N.C., and in Altavista, Amherst, South Boston and South Hill.
- Staff report
ITT offers new rifle scope
ITT Night Vision of Roanoke County has introduced a new rifle scope that has interchangeable night vision and daytime eyepieces for law enforcement officials.
The new product means special-operation officers could use one weapon with a single scope for any situation, the company said. The eyepiece for night viewing uses ITT's best level of night-vision technology and has an infrared illuminator for extremely dark conditions, the company said.
ITT Night Vision, at Plantation Road, is the major supplier of night-vision products to the U.S. military.
- Staff report
LENGTH: Short : 49 linesby CNB