THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Saturday, May 25, 1996 TAG: 9605250697
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 43 lines
Portsmouth yard chosen as site for Navy center
The Navy has chosen the Norfolk Naval Shipyard in Portsmouth as the site of its Human Resources Regional Service Center. The facility will bring about 200 new jobs to the shipyard, Rep. Norman Sisisky said in a prepared statement Friday. In its final review process, the Navy also considered putting the center at Camp Lejeune, N.C. The final decision was based on an economic analysis and the cost of relocating personnel, the Navy said. (Staff)
Sunny Delight and Hawaiian Punch recalled
The Procter & Gamble Co. said it was trying to retrieve a small number of 8- and 16-ounce bottles of Sunny Delight and 8-ounce bottles of Hawaiian Punch distributed in the East, including Virginia. Some bottles might contain pieces of plastic wrap, the company said. The bottles are dated for expiration between April 30 and Aug. 22. The expiration date is followed by the letter K. The bottles were distributed in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Pennsylvania, Rhode Island, Vermont, Virginia and Washington. (AP)
U.S. pulls out of shipping trade talks
In a new blow to global trade, the United States effectively walked out of talks Friday on liberalizing ports and shipping services. U.S. negotiator Peter Collins told members of the World Trade Organization that market-opening offers from other countries ``fell woefully short of objectives.'' The only countries who had made adequate offers were industrialized countries with no shipping industries to defend, he said. Consequently the U.S. would not make an offer and he could not foresee any change to this position. (AP)
Smithfield Companies report record income
The Smithfield Companies Inc. reported a record net income of $2.7 million for the year ended March 31, a mark company President Richard S. Fuller attributed partly to Smithfield's sale of its Bunker Hill food division. The $2.7 million in net income beats last year's net income of $1.4 million by 90 percent. The company made an after-tax gain of $1.7 million for its sale of Bunker Hill on Aug. 23, 1995. Earnings per share for the year increased to $1.85 from 94 cents the previous fiscal year, the company said. (Staff) by CNB