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United Bankshares CEO heads W.Va. Chamber

Sep. 04, 2013 @ 12:00 AM

CHARLESTON -- Richard M. Adams, chairman and CEO of United Bankshares, is the new chairman of the West Virginia Chamber of Commerce.

The state's largest business advocacy organization said Monday that Adams was elected at its recent annual meeting.

United Bankshares has 114 full service offices in West Virginia, Virginia, Maryland, Ohio, Pennsylvania and Washington, D.C., with assets of $8.5 billion

Andrew Jordon of Pritchard Mining Company was elected vice chairman. John Canfield of State Farm Insurance is secretary and J. Randolph Cheetham of CSX Transportation is treasurer.

Forum focuses on future of W. Virginia economy

CHARLESTON -- Politicians, policymakers and others will share their visions for West Virginia 30 years from now and discuss the need for economic diversification at a Wednesday forum in Charleston.

The Union of Concerned Scientists is teaming up with the West Virginia Center on Budget & Policy and others to present panels on several topics.

Ted Boettner of the policy center will discuss the proposed West Virginia Future Fund, legislation that would change how the state handles oil and gas severance-tax revenue.

Other subjects include workforce training and a roadmap for sustainable economic development.

The forum is all day Wednesday at the Clay Center. Speakers include U.S. Sen. Jay Rockefeller and Kent Spellman of the Community Development Hub.

Panelists include state officials, researchers, high-tech groups, and labor and religious leaders.

Report: UAW, VW talk about Tennessee plant

DETROIT -- A German newspaper says United Auto Workers union officials met last week with Volkswagen to discuss representing workers at VW's Chattanooga, Tenn., plant.

The Handelsblatt business daily says UAW President Bob King and five other officials were at VW's headquarters in Wolfsburg, Germany, to meet with the employee relations chief.

The newspaper cites "trustworthy circles" in saying that they discussed a German-style works council.

The UAW has been trying to organize the factory's roughly 3,000 workers. King has said organizing plants of foreign-based automakers is crucial to the union's survival.

VW spokesman Tony Cervone says VW is looking at ways to give workers a voice in plant operations. He says a decision on union representation would be up to the workers.

Messages were left Tuesday for a UAW spokeswoman.

American construction spending up 0.6 percent

WASHINGTON -- Spending on U.S. construction projects rose in July, led by strong gains in housing and nonresidential projects.

Construction spending increased 0.6 percent in July compared with June when activity was unchanged, the Commerce Department reported Tuesday. The June performance represented an upward revision from an initial estimate that spending had fallen 0.6 percent.

Total construction activity rose to a seasonally adjusted annual rate of $900.8 billion in July, the strongest performance since June 2009.

The July gain reflected a 0.6 percent rise in housing construction with both single-family and apartment construction posting gains. In June, housing had fallen 0.9 percent.