LTV Steel avoids shutdown with last minute Chase deal
LTV Corp, third largest US steel producer, filed for Chapter 11 bankruptcy protection but secured a last minute financing agreement with Chase Manhattan to keep operations running. Chairman William Bricker said no facilities would close as talks continued, following a meeting with Cleveland officials. The firm had warned of possible layoffs for its 18,000 employees amid recent losses blamed on low cost imports. Bricker noted an earlier plan for $225 million from Chase had collapsed before the new agreement.
MENTIONED IN THIS ARTICLE
Cleveland
LTV Corp
Chase Manhattan Corp
Chase
LTV
William Bricker
Bricker
Michael R. White
U.S
Dennis Kucinich
Stephanie Tubbs-Jones
Wall Street greets a hopeful but cautious new year
On a closing week of 1999, investors lamented the Nasdaq’s 40 percent drop and anticipated a modest January rally. Analysts warn earnings disappointments and rate cuts limit immediate tech gains, urging a shift to safer blue chips as bargain techs emerge for early 2000.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dan Ascani
Gainesville
Hyman
Weatherly
Calendar of business communication and turfgrass events
A dense calendar lists events from January to February including the International Association of Business Communicators meeting in Charlotte on January 3 with lunch and fees, the 39th Annual North Carolina Turfgrass Conference January 8-11 in Charlotte, Wake Forest University executive MBA seminar January 11 at One Motrocroft Centre, and Lion Technology hazardous waste workshop January 15-16 at the Charlotte Airport Sheraton. Additional seminars and a direct marketing conference February 21-24 in Virginia Beach are noted with registration contacts.
MENTIONED IN THIS ARTICLE
International Association of Business Communicators
Duke Energy O.J. Miller
S. Church St
Charlotte
North Carolina
Charlotte Convention Center
Marsha Richardson
Wake Forest University
Babcock Graduate School of Management
Motrocroft
Morrison Blvd
Lion Technology Inc
Sheraton Charlotte
South
Billy Graham Parkway
Gaston College
Harris Resources International
Myers Center
Hwy
Dallas
Farmers Direct Marketing Association
Mid-Atlantic
Virginia Beach
End of Greece Drachma Ties to Euro Era Begins
The drachma ends as Greece moves into the euro era amid mixed feelings. Officials note the euro will replace daily transactions from early 2002 while the economy and public support shift toward European unification. Speakers like Panagiotis Alexakis and Yiannis Skordoulis express cautious pride and acceptance.
MENTIONED IN THIS ARTICLE
Gia
Greece
Panagiotis Alexakis
Athens Stock Exchange
Yiannis Skordoulis
Also Mentioned on This Page
LTV Steel
Youngstown
Associated Press
Ohio
Federal Reserve
Barry Hyman
Weatherly Securities
aneyCentral
New York Stock Exchange
Holly Rd
Arlotte, NC
Laura Ashley
Murs
Claude Lavis
Gastonia
Court Drive
Gastonia, N.C
IDF
Claude Vans
Afghanistan
Europe
Euro
Heron Creek
Country Subdivision
Greenleaf Road Clover, SC
Greenleaf Rd
FHA
Greenleaf Road
Wood Pecker Rd
White Rose Realty
Work, South Carolina
Frankliniblvd
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