Bankruptcies favor creditors over retirees in RTI case
In the Republic Technologies International bankruptcy, secured creditors with liens receive priority over former and current workers, including retirees whose pensions faced large losses. The case involved the Lorain plant, the creation of Republic Engineered Products, and a complex payout that left retirees largely unpaid while creditors and the new company received most assets and working capital.
MENTIONED IN THIS ARTICLE
Lorain
David Jury
United Steelworkers of America
Republic Technologies International
Metatar Ulite Dar
Michael Psaros
KPS Special Situations Fund
KPS
Hunt Investment Group
RTI
Republic Engineered Products
Steelworkers Union
William Rochelle III
Fulbright & Jaworski
New York
Congress
Patrick Gallagher
Cleveland
Gallagher
PBGC
LTV
Federal
Guaranty Corp
Taft
Ohio Department of Development
Lorain Steel Mill
REP
Ohio Stee
Ohio Steel Council
Democrats eye seven to nine seat gain in Senate race sweep
Democrats expect to pick up seven to nine Senate seats with polls placing them ahead in key states like Pennsylvania Arizona Illinois Michigan and Kansas while Republicans target reversals in Alabama and South Carolina. Several close races persist across Maryland Massachusetts Rhode Island Tennessee Minnesota Wisconsin Oklahoma Oregon and Hawaii. In Vermont a possible legislative roll by GOP majority could determine the next governor and incumbents face stiff challenges in the South with Hodges Siegelman Huckabee and McCallum contesting for survival.
MENTIONED IN THIS ARTICLE
Pennsylvania
Arizona
Illinois
Michigan
Kansas
Alabama
South Carolina
Maryland
Massachusetts
Rhode Island
Tennessee
Minnesota
Wisconsin
Oklahoma
Oregon
Hawaii
Vermont
Arkansas
Wyoming
Florida
Jeb Bush
Bill McBride
South
Jim Hodges
Don Siegelman
Mike Huckabee
Scott McCallum
Senate runoff looming after tight Louisiana race
Senate control hinges on a Dec 7 runoff if Mary Landrieu fails to reach 30 percent in Tuesday’s vote. Both parties rush last minute funds and high profile campaigners into close races while operatives warn weather may swing turnout. Republicans defend 20 of 34 seats in play, threatening an uncommon White House party gain in a midterm.
MENTIONED IN THIS ARTICLE
Mary Landrieu
Dla
Senate
Yang
von Lohnizen
Ohio steel policy battle tests Taft and Hagan stance
The article contrasts Governor Taft and state official Hagan over the Taft backed steel initiative begun in 2001 to aid small mills with capital improvements and retraining. It notes declines in production and employment, tariff impacts, and debates on targeting small versus large mills to keep jobs and competitiveness, including unemployment benefits and health care provisions.
MENTIONED IN THIS ARTICLE
Taft
Ohio
Hagan
Don Allen
Ohio Department of Job and Family Services
Allen
Also Mentioned on This Page
Kristin Yarbrough
the Chronicle-Telegram
Duit Beac
Rochelle
Robert Sable
McGuire Woods
Pittsburgh
House
U.S
Bill Delahunt
Dick Durbin
D-H
Vendo Lidilliy Aneau of
Bile
Kyarbrough
Chronicletelegram
Republic
Serrano
UNS Sil
Lu Wulie
Dineff
Howard Kline
Buchanan Ingersoll
LPV
Steven Kandarian
House of Representative
Ways and Means
Kandarian
Kline
John Hotz
Pension Rights Center
Washington, D.C
Chronicletelegram.com
Buckeye
Pennsylvania Daily
Big4
West Virginia
A.C. Hutinutt
Elyria
Chronicle-Telegram Matera
Lorain County Printing & Publishing Company
JoAnn Traut
Chronicle
Rudy Dicks
Scott Brown Advertising
Jom Meecha
Inh
Sat Hudnutt
Philin W Kelly
Andrew Young
Scott Brown
Patti Ewaid
Mike Buettner
METRO
Pam McMillan
Matt Westerhold
Kevin Aprile
Steve Brown
Elytia
Chronicle Telegram
The
Lorain County Printing
East Ave
Telegram
P.O. Bor
Gustin Yarbrough
Cnn
Cleveland St. Elyria
Oberlin Ave
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