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The Phoenix Iron Company,
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Photograph of the
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On a rainy day in Phoenixville, Pennsylvania, 19460. |
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At the confluences of the Schuylkill River and the French Creek, |
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Someone painted the glow of the Open Hearth onto the side of a
building in the town square,
from the Open Hearth the glow of the molten steel cast fire orange into the sky,
viewed
from many miles afar.
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Phoenix Steel Corporation
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Date posted: Saturday, December 16, 2000 Last revised: December 19, 2000. |
Bethlehem Steel
in Chapter 11No. 3 U.S. steelmaker blames imports, slowing
economy, labor and retiree costs.
NEW YORK (CNNmoney) - Bethlehem Steel Corp. filed for Chapter 11 bankruptcy
court protection from creditors Monday, saying that cost-cutting efforts could
not make up for the impact of cheap steel imports coupled with a slowing U.S.
economy.
The company said its annual revenue has fallen by $1.3 billion since 1998 due
to the impact of imports and reduced demand for steel products, and that the
Sept. 11 terrorist attack has worsened its short-term outlook due to the
expected drop in demand for autos, appliances and new homes.
"Chapter 11 does not solve our problems," said a statement from
Robert Miller, the new CEO and chairman of the company who was hired Sept. 24
for his turnaround expertise. "It provides us a process and framework
within which we can address and explore the significant issues facing the
company."
August 14, 2001.
U.S.
Steel to shut Fairless Hills mills, cut 600 jobs
PITTSBURGH, Aug. 14 - No. 1 U.S. steelmaker USX-U.S. Steel Group (NYSE:X) said on Tuesday that it will close the majority of its remaining operations at its Fairless Hills, Pennsylvania mills, cutting almost 600 jobs and taking a second-half charge in the process.
Last updated: 29 Dec 2000 21:18 GMT (Reuters)
Friday, December 29, 2000
No. 4 U.S. steel maker, LTV Corp. Files for Bankruptcy
By Deepa Babington
NEW YORK (Reuters) - LTV Corp., the No. 4 U.S. steel maker, said on Friday it filed for Chapter 11 bankruptcy protection, in a move that threatened the jobs of the loss-making company's work force of 18,000.
Friday, December 29, 2000
The 128-year-old retail chain has been financially shaky for years. It has
250 stores and 37,000 workers.
By Martha Irvine
Associated
Press
CHICAGO - Montgomery Ward Inc., which helped pioneer American retailing,
said yesterday that it would file for bankruptcy and shut down after 128 years
in business.
The chain, which has 250 stores and 37,000 employees in 30 states, fell victim
to competition from other big retailers....
Wednesday, December 29, 2000.
Bankruptcy for Bradlees retail chain
Discount retailer Bradlees Inc. confirmed yesterday that it would go out of business and liquidate its stock, putting almost 10,000 people out of work. The Massachusetts company, founded in 1958, announced that it had filed for Chapter 11 bankruptcy protection in New York and had agreed to sell its remaining inventory to Gordon Brothers Retail Partners L.L.C.
James E. Frizzell
Post Office Box 595
Kimberton, Pennsylvania, 1944
e-mail: jimmy@jim-frizzell.com
date posted: December 16, 2000.
last revised:
Wednesday, August 22, 2007
