Guaranty Corporation

A U.S. Bankruptcy Court judge on Wednesday approved the liquidation plan for Bethlehem Steel Corp., clearing the way for the final disappearance of the Lehigh Valley industrial icon by year's end. In a 29-page order, Judge Burton Lifland cleared the...

Dennis Pearson is best known as a community activist from the east side of Allentown, a man who was often defeated in elections for school board, city council and Lehigh County commissioner. He always came back fighting. But now the 56-year-old former...

Ellen Hoffman has a simple message: It's never too late. No matter how old you are or how little you've saved, you can become retirement-prepared, says the author of "The Retirement Catch-Up Guide" (Newmarket Press, 2000). That idea, which may provide...

It's only been one week since a pension takeover threatened to sour a deal to buy assets of Bethlehem Steel, but the man behind a potential billion-dollar offer is seeing renewed signs of hope. Wilbur Ross, chairman of steelmaker International Steel...

A federal agency's decision to take over Bethlehem Steel pension plans today could scuttle Steel's merger with International Steel Group, officials from both companies said Tuesday. The government-run U.S. Pension Benefit Guaranty Corp. said Monday...

Few topics will make the public's collective eyes glaze over quicker than insurance regulation. So here's your wake-up call: Bailing out two defunct Pennsylvania insurers will cost more than $1 billion, and you are going to help pay. Those two leave...

WASHINGTON - The Senate brushed aside warnings of a presidential veto yesterday and advanced toward passage of legislation to ease pension plan payments for thousands of companies and to give special relief to a few. Senators voted 67-25 to reject an...

Bob Solomon turns 65 soon, which will force him to make pivotal financial choices about his pension plan. His employer, National Distributing Co., offers a defined-benefit pension--the kind that provides a monthly income for life. At age 65, employees--...

Key Pension Questions While 401(k) plans (defined contribution plans) are relatively easy to understand--you get out what you and your company put in, plus whatever you earned on your savings in the meantime--traditional defined benefit pensions can...

United Airlines, whose internecine worker-management strife contributed to its downfall, now finds that its beleaguered unions will play a significant role in shaping the way the company will reinvent itself. On Friday, the Association of Flight...

In federal court, Bethlehem noted that its debt, at $4.5 billion, was $300 million more than the value of all of its assets. Bankruptcy would give the company a chance to reorganize and provide new hope for a merger with another company. But the result,...

The traditional corporate pension, which gives workers a guaranteed paycheck in retirement, has rarely looked more attractive--or been more endangered, pension experts say. The Enron Corp. scandal and losses in 401(k) accounts have raised questions about...