Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, August 18, 1993                   TAG: 9308180084
SECTION: BUSINESS                    PAGE: B6   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

IN BUSINESS

A lawyer representing the Hotel and Restaurant Employees Union will present the union's appeal of its failed attempt to represent Homestead employees to the National Labor Relations Board in Winston-Salem, N.C., today.

The union had until today to present evidence that officials of the Homestead had intimidated employees prior to a July 30 collective bargaining election. The issue is not likely to be resolved this summer, because the union lawyer, Jonas Katz, has notified the labor board that he will not be available for any other hearings until after Labor Day, said Nancy Wallace, an assistant in the union's Washington office.

The board also will need time to hear the Homestead's response. - Staff report

\ Briefly

\ First Union Corp., parent of First Union National Bank of Virginia in Roanoke, on Tuesday declared a quarterly cash dividend of 40 cents per share, up 5 cents per share, or 14 percent, from the second quarter. The dividend will be paid Sept. 15 to shareholders on Aug. 31. The directors declared a quarterly dividend for its series 1990 preferred stock of 7.9 percent, payable Sept. 30 to shareholders on Sept. 15.

\ Reynolds Metals Co. said it will temporarily shut down 9 percent of its aluminum production capability in late October, affecting about 350 workers in Massena, N.Y., and Longview, Wash. The company cited a worldwide lack of demand for aluminum.