THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Tuesday, October 10, 1995 TAG: 9510100364
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Daily Digest
SOURCE: (Staff)
LENGTH: Short : 24 lines
Newport News Shipbuilding will retain its name even as its parent Tenneco Inc. prepares to rename other subsidiaries, the shipyard announced Monday. ``We concluded that the rich heritage and reputation of the Newport News Shipbuilding name was too valuable in the marketplace to warrant a change,'' the release said. Tenneco is moving its headquarters to Connecticut from Houston, reviewing the names of its subsidiaries and releasing a new logo on Nov. 6 in an effort to shake its identity as an energy company. Long a power in the natural-gas industry, Tenneco has grown into a conglomerate with big interests in packaging, shipbuilding and auto parts. by CNB