The Virginian-Pilot

THE LEDGER-STAR

: Saturday, July 15, 1995

• DEFENSE INDUSTRY CONTINUES TO SHRINK JOB LOSSES: SINCE 1994, 233,800 DEFENSE-RELATED JOBS ARE CUT IN THE UNITED STATES, 5,950 IN VIRGINIA. THE U.S. WILL SHED ANOTHER 750,000 JOBS BY 2001, ACCORDING TO A REPORT BY A NONPARTISAN COMMITTEE.
• HOTEL MANAGEMENT: WHO CALLS THE SHOTS? IN THE HOTEL INDUSTRY, POWER HAS BEEN SHIFTING BACK TO OWNERS AND AWAY FROM THE MANAGEMENT FIRMS THAT HAVE LONG HELD CONTROL. A RECENT CASE ILLUSTRATED THIS TREND.
• CENTRAL FIDELITY'S EARNINGS FALL 12 PERCENT FOR QUARTER
• SHIPYARD WORKERS LOSE A ROUND IN LABOR DISPUTE