Union moves to block PBGC pension takeover at Republic
United Steelworkers aim to join a court case challenging the Pension Benefit Guaranty Corp. takeover of Republic Technologies International pension funds for about 6,200 workers. They plan a rally in Canton and say the move could halt timing of the takeover. PBGC cites underfunding to justify the action amid bankruptcy.
MENTIONED IN THIS ARTICLE
Lorain
United Steelworkers of America
Republic Technologies International
Nian
Pension Benefit Guaranty Corp
Republic Technologies
David Jury
Jury
U.S
Peter C. Economus
PBGC
Republic
Munity
United Steelworkers 1104
Canton
Belaen Village St
Ralph Reg
Sentile
Tentile
Aeronomus
Kristin Yerbrough
Deiieff
Federal
Larry Sentile
United Steelworkers Local 1104
Retirees fear long wait for PBGC pension takeover in Lorain
Lorain residents face delayed retirement as the Pension Benefit Guaranty Corporation moved to terminate Republic Technologies International pension plans. About 300 salaried retirees seek a formal committee to protect benefits while asset sales proceed. Court action hinges on July 2 decision ahead of July 8 asset auction.
MENTIONED IN THIS ARTICLE
Lorain
Greg Devieff
Devieff
Federal Pension Benefit Guaranty Corporation
Republic Technologies International
PBGC
Deiieff
U.S. Steel
Republic
LTV Steel
James Wilson
del Roig
Grafton
Uss Kobe
Roig
Ford rejects 24.3 million state incentive package
Ford will not commit to a 20 year job retention credit tied to 1,200 preserved positions at Lorain and Avon Lake plants. The $24.3 million credit is declined, while a $58.7 million package remains under consideration. Ford will bring back 800 workers for the Escape conversion with production starting spring 2003.
MENTIONED IN THIS ARTICLE
Ford
Avon Lake
Ford Motor Co
Lorain
Ohio
Della DiPietro
Ohio Department of Development
Tion Credit
DiPietro
Chad Munitz
Market Slides After Boeing DuPont News Sparks Selloff
New York reports show Dow Jones falls 155.00 to 9126.82 amid tech weakness and profit taking. Nasdaq dips near its Sept. 11 low as Boeing orders and DuPont forecasts briefly lift shares before broader losses erase gains.
MENTIONED IN THIS ARTICLE
New York
Boeing
DuPont
Wall Street
Subodh Kumar
Cibc World Markets
Dow
Nashan
Standard & Poor
UBS Warburg
Jack Francis
Chemical Company
Dollar falls as U.S. stocks pull back in late trading
The dollar faded from an early rally in New York trading as U.S. stock markets slid late, slipping toward 26 month lows versus the euro while the yen retreat remained curbed by potential BOJ intervention. The euro, Swiss franc, and pound strengthened on the dollar’s malaise with a late rally fading into the session.
MENTIONED IN THIS ARTICLE
New York
Dowdones
U.S
Ministry of Finance
HSBC
Also Mentioned on This Page
Laura Schneider
Chronicle-Telegram
Orlschneider
Chronicletelegram
Wilson
Kristin Yarbrough
Kyarbrough
Tom Mahl
Kansas City
Brad Dicken
Bdicken
Chronicletelegram.com
Kent State University
Lorain County Community College
Kent State
Information Technology
Lorain County
LCCC
University Partnership
Terox
University
Univero
Iower
DuPont News
Conference Board
Cisco Systems
Lucent
Morgan Stanley
Bank of Japan
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