THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Tuesday, August 6, 1996 TAG: 9608060509
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 40 lines
The Weather Channel, a unit of Norfolk-based Landmark Communications Inc., said it signed an agreement to be added to British Sky Broadcasting's satellite TV network in the United Kingdom beginning this fall. The Weather Channel, based in Atlanta, outmaneuvered a Canadian rival to gain access to BSkyB. The Weather Channel has been carried since June on U.K. cable system KPN-ComTel. Additionally, it is in the midst of a major expansion into other European countries. And it plans a launch in Latin America Oct. 1. The Weather Channel's parent, Landmark, is a media conglomerate whose interests include The Virginian-Pilot. (Staff) Year-to-date home sales for June about the same
Local home sales in Hampton Roads this June remained close to last year's levels, according to the Virginia Association of Realtors. This June, 2,010 houses were under contract but waiting to close. That's just under the 2,169 house mark that pending sales hit last June. The year-to-date total for 1996 through June of 12,099 pending sales, however, was slightly higher than last year's total of 11,138. That's a 8.6 percent increase. (Staff) Electric Boat notifies 960 workers of layoffs
Electric Boat notified 960 employees Monday they are being laid off as part of a previous plan to reduce the work force in response to declining submarine orders. Almost all of the employees receiving notices work at the Groton, Conn., shipyard and are involved in production, the company said. The new round of job cuts, which will take effect Oct. 4, will bring to 2,270 the total number of layoffs for the year. After the layoffs, Electric Boat will employ about 10,700. With submarine orders down sharply, Electric Boat, a division of General Dynamics Corp., said four years ago it planned to reduce its work force to about 6,000 to 7,000 by 1998. (Associated Press) by CNB