THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Wednesday, November 29, 1995 TAG: 9511290541
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: Medium: 57 lines
Shopping center to get several new retailers
Chesapeake's Great Bridge Shopping Center, which is being renovated, will get several new retailers, including Taste Unlimited and Jackson Hewitt Tax Service. In February, the center was sold by its three owners to Great Bridge Retail L.L.C. - a combination of Stanton Partners Inc. of Virginia and Blackstone Real Estate Advisors of New York. Robert Stanton, president of Stanton Partners, said the company is expanding the center and adding several new tenants. When construction is complete in January, the center will be 160,000 square feet, an increase of 20,000 square feet. The center's Farm Fresh store also will be refurbished and expanded to 52,000 square feet. (Staff)
Marine Hydraulics wins contract to repair cruiser
The Navy awarded Marine Hydraulics International Inc. a contract that could be worth up to $1 million for repairs on the cruiser Vella Gulf. The job will mean steady work for the small ship-repair company and up to 100 of its employees through February, said Vice President Gary Brandt. Norfolk-based MHI emerged from bankruptcy reorganization in October. MHI will be hiring about 30 more workers to handle the job, lifting its payroll to about 275, Brandt said. Work on the job started Tuesday at the Norfolk Naval Base rather than in MHI's Elizabeth River shipyard. (Staff)
Frequent-flier miles may be taxed, IRS says
A company that allows employees to keep frequent-flier miles from business trips may be subjecting them to hefty taxes, according to an Internal Revenue Service memorandum. The IRS issued its memo to one unidentified company that allowed employees to use frequent-flier miles for personal travel. Although the seven-page document applied only to the company, tax specialists expressed alarm about the implications for the millions of people who use business travel for personal frequent-flier accounts. IRS spokesman Frank Keith said that the IRS has always said that frequent-flier miles earned on business trips and converted to personal use were taxable. (Associated Press)
Chrysler recalls 20,000 minivans to replace bolts
Chrysler Corp. is recalling 20,000 1996 Dodge and Plymouth minivans to replace bolts that could fail and allow rear seats to come loose during a crash. Inspections at Chrysler's Windsor, Ontario, minivan plant and at the seat maker, Integram Windsor Seating in Tecumseh, Ontario, found that some of the bolts that attach the legs to the seats were not strong enough because they had been improperly heat-treated. The recall covers Dodge Caravan, Dodge Grand Caravan, Plymouth Voyager and Plymouth Grand Voyager models built between Oct. 5 and Nov. 5 at the Windsor plant. Minivans built at Chrysler's Fenton, Mo., plant are not affected. (AP) by CNB