LTV Shuts Hoyt Lakes Mine As Market Woes Deepen
LTV Steel Mining Co. halted production at its Hoyt Lakes taconite plant immediately due to a weak steel market and bankruptcy cost cuts. The shutdown will finish by Saturday with Feb 24 as the latest previously announced closure date. About 970 hourly workers face layoffs, pensions and benefits through Feb 24, and some staff may be kept on to drain, winterize, and possibly ship stockpiled pellets in spring. Local union leaders and workers react amid broader LTV Corp Chapter 11 filing and industry pressures from cheap foreign steel and lower prices.
MENTIONED IN THIS ARTICLE
Hoy? Lakes
Hoyt Lakes
LTV
Jerry Fallos
United Steelworkers of America
Fallos
Mark Tomasch
Tomasch
Great Lakes
Wayne Gauthier
Eveleth
Gauthier
Union Hall
Iron Range
LTV Corp
Youngstown
Chase Manhattan Corp
Pete Kakela
Michigan State University
Paul Wellstone
Dminn
Energy drinks reshape beverage industry with trend driven growth
Longtime bar veteran Gene La Pietra notes energy drinks redefine drink culture in Hollywood clubs while producers push new nonalcoholic and malt beverages. Major players like Anheuser Busch Coca Cola PepsiCo Hansen Natural and Tropicana expand portfolios amid younger consumer demand and ongoing deconstruction of meals.
MENTIONED IN THIS ARTICLE
Gene la Pietra
Hollywood
Red Bull
Circus Disco
la Pietra
Rodney Sacks
Hansen Natural Corp
Corona
Anheuser-Busch
St Louis
King of Beers
Hansen Natural
King Coca Cola Co
KMX
PepsiCo Inc
Anheuser Busch
PepsiCo
Roger Enrico
Office Depot to close 70 stores including major cities
Office Depot plans closures of 67 U S stores and 3 in Canada as underperforming locations. Boston Phoenix Cleveland and Columbus will lose all outlets. Company, with 12 billion in annual sales, will operate 818 North American stores and targets 30 new openings this year.
MENTIONED IN THIS ARTICLE
Office Depot
Cleveland
Delray Beach
Ontario
Boston
Phoenix
Columbus
Domestic violence seminars educate county leaders in Elyria
Lead ership Lorain County spread awareness at a county building meeting with public officials. Lorain Police Chief Del Rivera detailed DV offender investigations and arrests while educator Eliza beth Sheehe highlighted the Silent Witness Program using wooden silhouettes commemorating Lorain County women lost to domestic violence. Matt Lawhead outlined how a bill becomes law. The event featured emotional displays and official discussions.
MENTIONED IN THIS ARTICLE
Elyria
Lorain County
Genesis House
Elizabeth Sheehe
Lorain
del Rivera
Matt Lawhead
Lorain Catholic High School
Sheehe
Silent Witness
Loram County
Local Stocks Early Quotation From Akin and WSS
Local stock prices include Apple, Alltel, American Greetings, Ames Dept Stores, Bob Evans, Cedar Fair, CVS, Daimler Chrysler, Emerson Electric, Englehard, First Energy, Ford, General Motors, Lear Seating, Nordson, OfficeMax, PNC, Parker Hannifin, Smucker, York International and others. Values shown with percent and numeric quotes from AISGG Asset Managers and Walnut Street Securities Inc.
MENTIONED IN THIS ARTICLE
Akin Investment Securities
Walnut Street Securities Inc
NASD
SIPC
AISGG
WSS
Alltel
American Greetings
Ames
Bob Evans
Cedar Fair
CVS Corp
Daimler Chrysler
Emerson Electric
Englehard
First Energy
FusiMent Bancorp
Ford Motor
General Motors
BF Gondrich
Guest Supply
Honeywell Inc
Invacare Corp
Keycorp
Wright Patterson downsizes workforce in annual outprocessing
Wright Patterson Air Force Base will reduce its civilian staff by 251 through voluntary early retirements and separations as part of the sixth annual outprocessing. The program wraps up on Wednesday, following incentives to trim the base’s civilian workforce. This year’s group is the smallest in years with about 450 leaving last January and 330 in January 1999.
MENTIONED IN THIS ARTICLE
Office Depot
New York Stock Exchange
Wright-Patterson
Dayton
Wright Patterson Air Force Base
Ing
Also Mentioned on This Page
Minnesota
LTV Steel
South Beach Beverage
Liz Blizz
Quaker Oats
Tropicana
Tom Pirko
Bermark
Santa Barbara
Calif
Amherst
Vermilion, Lorain and
AptLab
Masco
Merons
Antoroda BankQne
Bk of Am
Real
RalSermy Arieiod
Say
Nortelly
BellSouth
ParkPte
Cannes
ClearGhan
Gonsago
Schargh
Shadargt
Schimb
Duke Eng
Sears
Enron Om
FanneMae
Spriipos
Summit
Fedexto
FedMog Au
FredMac Obr
Tiffany
Tosco
Goldman
Venzoncin
Hough
Wacom
nPag
WaiMart
Juba Wai
WA Mutley «Mart
Lear
LNG Bancorp
Lesco
Limited
NiSource
Nordson Corp
Northern Savings
OfficeMax Inc
PNC Corp
Parker Hannifin
PnlyOne Corp
RPM Inc
Royal Appliances
Sherwin Williams
Sky Financial Group
Smuckers
Stes
TAW Inc
Ms Usx
le York International
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