Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, October 7, 1993 TAG: 9310070514
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Short
NEWPORT NEWS - A free monthly newspaper aimed at Asians living in Tidewater will expand its distribution to central Virginia.
Chinese journalist Jizeng Chen began publishing the English-language Asian Fortune in January from his Newport News home. His target was the 70,000 to 80,000 people from Asia and the Pacific islands living in Tidewater.
Asian Fortune is distributed at Oriental food shops and restaurants. Chen said it has been so well received that he plans to begin circulation in the Richmond area with 3,500 to 4,000 copies next week.
Chen, 42, is a former reporter for the Xinhua News Agency in Beijing and the U.S. Information Agency in Washington. He studied journalism at the University of Hawaii and earned a master's degree in urban affairs at Virginia Tech. - Associated Press
NationsBank merger to cost 1,200 jobs
BALTIMORE - About 1,200 jobs will be eliminated when NationsBank Corp. merges with MNC Financial Inc. over the next 18 months, bank officials said.
Half of the cuts will result from the closing of its operation center in Hyattsville, Md.; those functions will be split between Baltimore and Richmond.
The cuts, 10 percent to 12 percent of the jobs in the region, are all the reductions expected from the acquisition, NationsBank officials said.
Daniel G. Finney, a NationsBank spokesman, said all the affected employees were notified this week. The eliminations are expected to begin in eight to nine months. - Associated Press
by CNB