DATE: Wednesday, October 8, 1997            TAG: 9710080437

SECTION: BUSINESS                PAGE: D2   EDITION: FINAL 

                                            LENGTH:   52 lines

LOCAL SCENE

HAMPTON ROADS

COAL SHIPMENTS REBOUND IN AUGUST AFTER TWO WEAK MONTHS: After falling off 17.2 percent in July and 4.6 percent in June, shipments of coal through the port of Hampton Roads rebounded in August, increasing 14 percent. August brought this year's coal shipments back even with shipments through the port last year. The Hampton Roads Maritime Association said the region's three terminals loaded 4.97 million tons of coal in August, up from 4.36 million tons last August. Through this August, the port has shipped 35.1 million tons of coal. Norfolk Southern's Pier 6 coal terminal, the region's largest, accounted for all of August's growth, loading 3 million tons in August, up from 2.2 million tons last August.

NORFOLK

NEW VICE PRESIDENT OF MISSION JOINS DePAUL: Brian J. Yanofchick is vice president of mission for Bon Secours DePaul Medical Center. He was recently involved in the development of community service programs and outreach activities for Options Healthcare Inc.

VIRGINIA BEACH

TARGET OPENS: Virginia Beach's first Target store unofficially opens to shoppers today. The 122,000-square-foot store at South Independence Boulevard and Princess Anne Road will employ about 150 full- and part-time workers. A second - and larger - Target also will open this week on Jefferson Avenue in Newport News. The 136,000-square-foot store will employ 200 people. Grand openings are planned Sunday for both stores. Minneapolis-based Target Stores will have nearly 800 outlets nationwide by the end of the month. Target operates stores on Norfolk's Military Highway and Chesapeake's Greenbrier Parkway, and is building another Beach store on First Colonial Road.

BANK ELECTS RUEGER TO BOARD OF DIRECTORS: Princess Anne Bank elected William L. Rueger to the bank's 11-member board of directors. Rueger presently provides management consulting services to businesses throughout Hampton Roads. He was formerly the director of marketing management with Group III Communications Inc., a Norfolk advertising, marketing and public relations firm.

NEWPORT NEWS

SUB DESIGN CONTRACT RENEWED FOR NEWPORT NEWS YARD: The Navy awarded Newport News Shipbuilding nearly $40 million to continue engineering and design services in support of the Seawolf-class of attack submarines. The renewal term is for one year. While General Dynamics Corp.'s Electric Boat unit in Groton, Ct., is building the four Seawolf-class subs, Newport News Shipbuilding has played a key role in the design and engineering.

CREDIT UNION OPENS NEW OFFICE: Virginia Educators' Credit Union has opened a new office on the campus of Christopher Newport University in Ferguson Hall. A ribbon-cutting ceremony was held Sept. 23. ILLUSTRATION: Rueger

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