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Of The Morning CallA 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...
Of The Morning CallDennis 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...
Times Staff WriterEllen 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...
Of The Morning CallIt'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...
Of The Morning CallA 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...
Of The Morning CallFew 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...
Associated PressWASHINGTON - 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...
Times Staff WriterBob 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--...
Times Staff WriterKey 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...
Tribune staff reporterUnited 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...
Tags: Galileo Galilei, Employees, Unions, Justice System, Employers
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,...
Tags: Employees, Pension and Welfare, Health, Stock Market, Retirement
Times Staff WriterThe 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...
Oct 23, 2003 |Story| Allentown Morning Call
Nov 16, 2003 |Story| Allentown Morning Call
Jul 1, 2001 |Story| Los Angeles Times
Dec 25, 2002 |Story| Allentown Morning Call
Dec 18, 2002 |Story| Allentown Morning Call
Apr 21, 2002 |Story| Allentown Morning Call
Jan 28, 2004 |Story| Baltimore Sun
Aug 19, 2001 |Story| Los Angeles Times
Aug 19, 2001 |Story| Los Angeles Times
Dec 14, 2002 |Story| Chicago Tribune
Dec 11, 2003 |Story| Allentown Morning Call
Mar 27, 2002 |Story| Los Angeles Times
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