Business Services Industry
Court says Cliffs doesn't have lock on LTV mine.(Cleveland-Cliffs Inc. attempted acquisition from LTV Corp.)(Brief Article)
Crain's Cleveland Business, April, 2001 by PRIZINSKY, DAVID
The U.S. Bankruptcy Court in Youngstown last week blocked Cleveland-Cliffs Inc. from exercising an option to acquire the assets of the closed LTV Corp. iron ore mine near Duluth, Minn. The court's decision leaves LTV free to seek the highest bidder for the mine and its assets, which include a railroad and a 225-megawatt electrical generating station.
The mine operated as LTV Steel Mining Co. and produced about 7 million tons of taconite pellets annually for use in the company's blast furnaces in Cleveland and East Chicago, Ind. The mine, which is in Hoyt Lakes, Minn., employed 1,200 in January when it was closed. Cleveland-Cliffs acquired the option on the mine following an announcement by LTV last May that it would close the mine this year because of the...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
