AK Steel ends three year lockout recalls workers in Ohio plant
AK Steel said it will begin recalling hourly production and maintenance workers at its north-central Ohio plant after both sides reached a contract agreement approved by the union. About 30 workers will return initially with full recalls to come later as plant operations continue. The lockout began Sept 1, 1999, under Armco ownership, and the union cited hardship and distrust during the dispute.
MENTIONED IN THIS ARTICLE
AK Steel
United Steelworkers Union
Ohio City
Alan McCoy
Armco Inc
Armco
Bill Coffindaffer
Steelworkers Local 169
McCoy
Ohio District 1
David McCall
National Labor Relations Board
Marco Trbovich
Trbovich
Trict
Cleveland
Bob Kirst
Dave Fischer
Kirst
Fischer
Sammy Taylor
Mansfield
Lockout Chronology of AK Steel and Steelworkers 1999 2001
Timeline details a nine year dispute beginning with the Sept 1 1999 lockout of about 650 Local 169 United Steelworkers at Armco Mansfield. It covers mergers approvals, lawsuits alleging violence and extortion, NLRB rulings, arbitration requests, court dismissals, a $43 million jury award, and AK Steel recalling workers after the lockout ends on Dec 10.
MENTIONED IN THIS ARTICLE
United Steelworkers of America
Armco Steel
Mansfield
AK Steel
Wilmington
Del
Armco
Pittsburgh
Local 169
Afl-Co
National Labor Relations Board
Cincinnati
U.S. Distact
Cleveland
Steelworkers Union
Northrop Grumman Cleared to Buy TRW for 7.8 Billion
Defense giant Northrop Grumman said the Justice Department approved its 7.8 billion dollar deal to acquire TRW Inc. Shareholders vote Wednesday on the merger which would close the Cleveland company and bring its space electronics unit into the combined firm. Northrop also assumes about 4 billion in TRW debt.
MENTIONED IN THIS ARTICLE
Cleveland
Northrap Grumman Corp
Justice Department
Billlion
TRW Inc
Los Angeles
Northrop Grumman
TRW
Cleveland Company
Space Electronics
Northrop
Randy Belote
Bush regulations aim to shield employers from age bias suits
The Bush administration proposed regulations to help firms avoid age discrimination lawsuits as they convert traditional pensions to cash balance plans. Critics say the rules favor employers by letting them set plan terms and retirement benefit valuation. AARP criticized the move, while White House aides defended the guidance as preventing bias.
MENTIONED IN THIS ARTICLE
Washington
Bush Administration
Treasury Department
Internal Revenue Service
AARP
David Certner
White House
Ari Fleischer
Stocks rise as Fed holds rates amid bargain hunt
Wall Street recovered from a week of losses with a brighter tone as bargain buyers pushed the Dow up about 1.2 percent to 8,574.26 and the Nasdaq 1.7 percent higher to 1,290.76. The Fed kept rates steady saying current low rates support activity, while analysts noted light volume and caution ahead of more evidence of growth. Avon rose to 54.75 after lifting its Q4 outlook, Tribune edged to 45.04 as earnings were seen meeting estimates, and Nokia slipped to 17.43 amid market chatter on tech. The mood reflected expectations of a year-end rally tempered by Iraq war fears and earnings scrutiny.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Robert Harrington
UBS Warburg
Dow Jones
Dusgaidy
Giue
Standard & Poor
Donaldson, Lufkin & Jenrette
New York Stock Exchange
Johnson
Iraq
Caffrey
Avon
Dollar edges higher amid rate hold and Snow sparkle
The dollar rose modestly against most rivals as the Federal Reserve kept rates steady and painted a brighter economy. Investors weigh implications of John Snow as Treasury Secretary for the Bush administration and a growing budget deficit amid a widening current account gap.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Federal Reserve
John Snow
Treasury
Bush
Snow
Paul O'Neil
George W. Bush
Market Wrap Stocks Rise on Mixed U.S. Data
Advancing issues outnumbered decliners about 5 to 2 on the New York Stock Exchange. Volume totaled 1.25 billion shares, above Monday's 1.24 billion. The Russell 2000 rose to 393.47 as tech and telecoms moved mixed. Abroad, Japan's Nikkei slipped 0.3 percent while Europe showed gains in France and Germany.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Japan
Europe
France
Britain
Germany
DAX
Also Mentioned on This Page
Ohio
Kentucky
Indiana
Pennsylvania
Fred Culbertson
Steelworkers Union Local 169
AP Research
Oks
Tokai
124 Avenue
Elyria
Fed
Jack Caffrey
Equities
J.P Morgan
William H. Donaldson
Securities
Alar Uuatibootuad
Harvey Pitt
Donaldson
Senate
Hugh Johnson
First Albany Corp
Panyo Eeeadh
Tribune
Nokia
Phone Maker
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