Word: steeled
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Dates: during 2000-2009
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...Xeroxville. About 40 acres of the property have already been used by the firm for its corporate training center, and local relations are scented with magnolias and peach blossoms. Says Frank Raflo, chairman of the county board of supervisors: "If things were any better, I couldn't stand it." STEEL The Biggest Bankruptcy...
Wheeling-Pittsburgh is America's seventh largest steelmaker (1984 sales: $1 billion) and also one of its most modern. In the early 1980s, the company went heavily into debt to install a new rail mill and two continuous casters. The effort, coming in the midst of the steel industry's problems, was too little and too late. Losses mounted, reaching about $166 million during the past three years. Last week the company filed for protection from creditors under Chapter 11 of the U.S. bankruptcy law, the largest bust in the industry's history...
Wheeling-Pittsburgh will continue making steel even though it is bankrupt, and the union has indicated that it will not strike. Said United Steelworkers Negotiator Paul Rusen: "We will go to work, be patient and in 18 months be better off." Citing the company's modern plants, John Jacobson of Chase Econometrics said Wheeling-Pittsburgh, if it comes out of bankruptcy "leaner and meaner," could be in a stronger position than its competitors. TELECOMMUNICATIONS David vs. Goliath, Round...
...Club was the greatest disappointment of his life had not led a very interesting life. The fact is that at the time of Roosevelt's marriage, when Ward's book ends, F.D.R. had not yet become F.D.R. It was only his later struggle with polio that added the necessary steel to his character. Ward is already at work on sequel. It cannot fail to reveal a stranger, stronger character, but it will build on this odd foundation. --By Otto Friedrich
Hugging the eastern bank of the rust-colored Monongahela River, the mammoth Wheeling-Pittsburgh steel plant has long dominated the town of Monessen, Pa. (pop. 12,000), situated in the shadow of the Allegheny Mountains 40 miles south of Pittsburgh. Last week the mill was conspicuous for another reason. Hit by the first major strike of the United Steelworkers in 26 years, the Wheeling plant stood idle...