THE VIRGINIAN-PILOT
Copyright (c) 1997, Landmark Communications, Inc.
DATE: Tuesday, January 21, 1997 TAG: 9701210345
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 43 lines
Marine supply store now open to public
The Boat Owners Association of the United States has opened its 43 retail marine-supply stores to the public. Sales had been limited to members of the organization, according to Terry Houtz, manager of the store at 6600 Virginia Beach Boulevard in Norfolk. Dues-paying members will continue to have access to more than 25 association services, including the country's largest marine towing network. (Staff)
Kiwi airlines resumes scheduled service
Kiwi International Air Lines on Monday resumed scheduled service after filing for Chapter 11 bankruptcy reorganization Sept. 30. The 4-year-old employee-owned airline, based in Newark, N.J., had halted scheduled flights in October. Kiwi is seeking an investment of about $15 million that would allow it to emerge from bankruptcy and grow. The airline has recalled 500 workers in the past 2 1/2 weeks and is now offering 26 daily flights, using seven jets. The airline offers service between Newark, Chicago, Atlanta and West Palm Beach. (Associated Press)
Food Lion names Kendall as CFO
Food Lion Inc. has named Laura Kendall the grocery store chain's new chief financial officer. Kendall comes to Food Lion after nine years at a similar position with Michigan-based discount drugstore chain F&M Distributors. She also is a past vice president of finance at Perry Drug Stores Inc. and worked in the audit division of Arthur Andersen LLP. Food Lion has more than 1,100 stores in 14 states, mostly in the South, with about 72,000 employees. (AP)
Dow Jones planning overhaul of Telerate
Dow Jones & Co. unveiled plans Monday to spend $650 million to overhaul its struggling Dow Jones Telerate financial information unit. Wall Street, however, blanched at the program's cost and immediate drain on profits, sending the company's stock down 10 percent. Telerate has had difficulty competing against Bloomberg LP and Reuters PLC. Telerate's overhaul includes efforts to expand the news and data it provides electronically, make the system faster and easier to use, and improve the unit's management and focus on customers. (AP)