THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Wednesday, January 3, 1996 TAG: 9601030628
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: Short : 28 lines
Associated Naval Architects Inc. has won a $1.4 million contract to renovate a barracks barge for the Navy. The tiny Portsmouth shipyard on the Elizabeth River's Western Branch will probably hire 25 to 30 workers to complete the 6-month job, said Bill Craft, the yard's president. It employs about 60 people. The job involves rehabilitating the barge's living spaces, replacing its heating and air-conditioning systems and dry docking the barge and painting its hull. (Staff) First Union Corp. closes on First Fidelity union
First Union Corp. has closed on its $5.4 billion takeover of First Fidelity Bancorp. of Newark, N.J., the Charlotte bank said Tuesday. The combined bank will be the nation's sixth largest, with $126 billion in assets and serving more than 11 million customers in 2,000 branches from Connecticut to Florida. First Union exchanged 1.35 of its shares for each share of First Fidelity. (AP) by CNB