Quantum Overseas presses Sharon Steel bankruptcy bid
Quantum Overseas N V holds 96.6 million dollars in Sharon Steel debentures and plans an involuntary Chapter 7 filing unless Sharon Steel agrees by tomorrow to sell Mueller Brass Co to a Quantum led investment partnership. A deadline looms as Sharon Steel faces default on 13.5 percent bonds with about 330 million dollars due.
MENTIONED IN THIS ARTICLE
Quantum
Stephen Vine
Sharon Steel
Victor Posner
Mueller Brass
Vine
New York
Port Huron
Mich
Night at Cascade Post Office Before Tax Deadline
The citys busiest post office on Cascade Street drew crowds as the tax deadline neared. Don Weller of Wampum reviewed his figures while postal workers reassured late filers their returns would be processed. With 35 minutes left, a man double checked envelopes to ensure everything was correct.
MENTIONED IN THIS ARTICLE
Cascade Street
Don Weller
Wampum
Transit board puzzled by altered bid in school transport
The New Castle Area Transit Authority faces a $24,000 bid discrepancy with George Ku Inc. in a plan to haul city school children. NCATA officials express confusion over differing figures from March bids amid school district consideration.
MENTIONED IN THIS ARTICLE
New Castle Area
George Ku
NCATA
Bryan School Bus Line Inc
Prospect
New Castle
Eugene DeCaprio
Barilla
Paul Domenick
David Stragar
DeCaprio
State Department of Education
Transportation Committee
Bryan
Len Lastoria
Transit Authority
Lastoria
Edward Carr
Union Township
Transit
West Penn Metal Faces 10000 Fine and Layoffs
West Penn Metal Printing Inc in Shenango Township risks a 10000 fine and layoffs for at least 13 workers if the state Department of Community Affairs does not approve an 87500 loan by Tuesday. The firm, at 1902 Butler Road, seeks funds from the 1985 federal Community Development Block Grant to buy equipment to meet air pollution standards.
MENTIONED IN THIS ARTICLE
West Penn Metal Printing Inc
Shenango Township
State Department of Community Affairs
West Penn
Butler Road
Stephen J. Craig
State Department of Environmental Resources
DER
County
West
Verterano cites leadership gaps in Lawrence County government
Elizabeth M. Verterano told New Castle Kiwanis there is no leadership in county government as commissioners act without clear decisions. She urged regular meetings with row officers, dialogue with municipalities, and formal agendas to comply with open meeting laws. She favors a fair tax base, cautious payrolls, and planned short and long term strategies including economic development and waste disposal.
MENTIONED IN THIS ARTICLE
Lawrence County
Elizabeth M. Verterano
Verterano
New Castle
Early News Delivery Ahead For Good Friday
The New Castle News will arrive about two hours earlier tomorrow. Deadlines and press times are moved up by two hours. The newsroom closes at 1 30 p.m. and the business office and advertising department at 2 p.m. City Hall and the Lawrence County Government Center close all day. Banks may also close at noon.
MENTIONED IN THIS ARTICLE
New Castle
Lawrence County
Plan to keep Shenango China in New Castle discussed with Casey
State Rep. Thomas J. Fee plans a meeting with Gov. Casey and economic officials next week to craft a plan to keep Shenango China, a 650‑employee pottery in New Castle, operating. He seeks low interest loans or state aid and notes Anchor Hocking officials want the plant to stay.
MENTIONED IN THIS ARTICLE
Thomas J. Fee
New Castle
Robert Casey
Shenango China
Fee
Anchor Hocking
David R. Timberlake
Robert L. Gossett
Chicago
Terry L. Sierp
Ken R. Moore
Deaths Include Christy Greene Johnson Minto Dout
Death notices list William H. Christy 15 of 725 Monroe Street Charles F. Greene Sr 73 of 451 Falls Avenue Paul G Johnson 66 of RD 4 Veda M Minto 82 of 211 W Moody Avenue and Arthur W Dout 69 of Hermitage with dates April 16 1987 on record.
MENTIONED IN THIS ARTICLE
William H. Christy
Monroe St
Charles F. Greene Sr
Falls Ave
Paul G. Johnson
Veda M. Minto
W. Moody
Arthur W. Dout
Hermitage
Also Mentioned on This Page
Transit Board
Shenango
Veterans Affairs
Newell Co
Freeport, II
Moore
Pottery
Household Hardware Company
Alfred Lewis
Lancaster
Food Service
Glass, Metal and Plastic Manufacturing Company
News Index
AON
RTT
EHR
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