THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Tuesday, November 5, 1996 TAG: 9611050427
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 47 lines
Pennsylvania's top Teamster official has vowed that he and his union will fight any merger involving Conrail Inc. because, he said, it will wipe out more than 100,000 trucking industry jobs. John P. Morris said the proposed merger ``will only make a few rich guys richer and do nothing for the economy of the region or nation.'' Norfolk Southern Corp. and CSX Corp. are vying to buy Philadelphia-based Conrail and its northeastern rail network. The Teamsters position is no surprise. Both railroads expect to take a huge slice of business away from long-haul truck drivers. (Knight-Ridder Financial News) Smithfield Foods finishes Lykes Meat acquisition
Smithfield Foods Inc. completed its previously announced acquisition of Lykes Meat Group from Lykes Bros. Inc. of Tampa, Fla. The Lykes Meat Group makes and markets throughout the Southern and Southeastern United States, the Lykes and Sunnyland brands of smoked meats, bacon, boneless hams, sliced lunch meats, and fresh and smoked sausage. Lykes products are manufactured in Plant City, Fla., and Thomasville, Ga. The Lykes Meat Group also operates a sow slaughter operation and sausage plant in Quitman, Ga. (Staff) State firms' agricultural exports grew 78 percent from '90 to '95
Virginia companies' agricultural exports have grown 78 percent since 1990 to $793 million in 1995, according to the Virginia Department of Agriculture and Consumer Services. Commodities such as soybeans, wheat, peanuts, corn and apples were the largest volume at $476 million, an increase of 56 percent since 1990. Processed foods had totals of $175 million in 1995, up 191 percent from 1990. Lumber and forestry product exports for 1995 totaled $114 million, an increase of 63 percent. Seafood totaled $17 million, an increase of 325 percent; and total livestock exports were $11 million, an increase of 83 percent. (Staff) Icahn nominates slate for RJR Nabisco board
In his second attempt to unseat the board of directors of RJR Nabisco, financier Carl Icahn on Monday picked a slate of candidates committed to having the tobacco company quickly spin off its Nabisco food business. The ticket is headed by Thomas Rattigan, onetime chairman of the G. Heileman Brewing Co. and a former executive in the international bottling operations of PepsiCo Inc. Icahn, who owns 7.3 percent of RJR Nabisco stock, is not among the nominees. RJR management feels the timing isn't right for a spinoff of RJR's stake in nabisco Holdings Corp. (AP) by CNB