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Topic: LTV


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In the News (Sun 27 Dec 09)

  
  LTV plan for repair of plant criticized
LTV has been pushing since last summer to close the complex of brick ovens that are used to bake coal into coke, a blast furnace fuel, contending it would be too expensive to rebuild or substantially repair it to meet Clean Air Act regulations it is violating.
She suggested that LTV consider employee suggestions toward improving the plant's environmental operations, but said the company is not obligated to adopt any that it finds counterproductive.
LTV yesterday afternoon amended the plan it filed with the EPA by stipulating that two statements it made contending that the plant would violate air standards were the company's opinions and not statements of fact.
www.postgazette.com /businessnews/199802012bltv2.asp   (786 words)

  
 LTV
LTV consists of a traditional two parlor lobster trap equipped with a time-lapse video recording system (see figures below).
LTV was first developed as part of a UNH Ocean Projects course, and then Sea Grant funds were used to improve it.
We are also comparing data collected with LTV and traditional traps, with diver surveys.
www.lobsters.unh.edu /LTV/LTV.HTM   (546 words)

  
 LTV SHUTDOWN BEGINS   (Site not responding. Last check: 2007-11-02)
But to thousands of LTV workers, the maze of ductwork, railroad tracks and corrugated buildings along the east bank of the Cuyahoga River was a second home, albeit a sweaty, back-breaking one.
At LTV's downtown Cleveland headquarters in BP Tower, 20 accountants were told yesterday to go home and never return - joining 700 of their former salaried colleagues already let go by the steel maker this year.
LTV has applied for a federal loan guarantee for $250 million of new loans proposed by two Cleveland banks.
www.sabew.org /sabewweb.nsf/e0087b5460c4a721862569c2005fa85a/989b9f5fbac4ea4c88256bc7006c368e!OpenDocument   (1568 words)

  
 In re CHATEAUGAY CORPORATION, Reomar, Inc. the LTV Corporation, et al., Debtors. LTV STEEL COMPANY, INC., Plaintiff, v. ...
In March, 1993, LTV moved to reclassify Aetna's claims as general unsecured claims and to estimate those claims to facilitate both the determination of the feasibility of the Plan and the establishment of an appropriate claims' reserve.
LTV now asks, under § 509(c) [FN4], to subordinate Aetna's subrogation claims to the claims of the individual workers until all the workers' claims are paid in full.
LTV first asserts that this Court has already ruledin Chateaugay, supra, 155 BR 625, that Aetna's claims must be subordinated to the individual workers' claims until the workers are paid in full.
www.vtb.uscourts.gov /opinions/published/1993wl563068.html   (2419 words)

  
 LTV coke plant pollution is topic of meeting
LTV wants to close the plant, arguing that the old plant has reached the end of its productive life.
Arbitrator Elizabeth Neumeier will meet with LTV and the union Monday to decide if the plant maintenance plan she required the company to submit to the U.S. Environmental Protection Agency Jan. 12 is adequate.
LTV readily admits the maintenance proposal it submitted Jan. 20 will not extend the life of the plant or reduce emissions enough for the plant to comply with federal pollution standards, but meets the conditions of the arbitrator's order.
www.postgazette.com /regionstate/19980206bltv4.asp   (483 words)

  
 LTV Steel plans to close - Nov. 21, 2001
A statement from USW President Leo Gerard said LTV had not even seen the union's latest offer when it filed to shut down, and that Bricker was denying to the union that it had filed to shut down even after its statement was released to the press.
LTV Corp. is proposing halting steelmaking operations and selling its steel mills, such as this one in Cleveland, saying it does not have the cash to continue operations.
LTV said it is proposing putting its steel mills in Cleveland and East Chicago, Ind., and a steel finishing plant in Hennepin, Ill., on "hot idle" for the next 60 days, a move that would allow potential buyers to restart steelmaking operations at a lower cost.
money.cnn.com /2001/11/21/companies/ltv   (635 words)

  
 LTV Names James Baske Vice President
LTV is committed to pursuing domestic and international growth opportunities to increase shareholder value.
LTV's Integrated Steel segment is a leading producer of high-quality, value-added flat rolled steel, and a major supplier to the transportation, appliance, electrical equipment and service center industries.
LTV's Corporate and Other segment includes investments in leading steel technologies consisting of a 50 percent interest in Trico Steel, a flat rolled steel minimill in Alabama, and a 46.5 percent interest in Cliffs and Associates reduced iron venture in Trinidad.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/02-03-2000/0001131983&EDATE=   (316 words)

  
 Labor theory of value -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-11-02)
His LTV holds that, in aggregate, the price of the product equals the sum of the value of the capital goods (means of production) used up in production and the value added by direct labor.
Marx's LTV holds that the (Productive work (especially physical work done for wages)) labor needed to produce a (Articles of commerce) commodity includes both labor directly expended on production of the commodity and labor expended on the production of (additional info and facts about means of production) means of production used up in its production.
In this view, the LTV, as used in (additional info and facts about Capital) Capital, is a method for understanding the nature of social relationships for capitalism as a whole: the examples of workers producing value that Marx presents in volume I are microcosms representing the totality of society instead of being microeconomic analyses.
www.absoluteastronomy.com /encyclopedia/l/la/labor_theory_of_value.htm   (4351 words)

  
 [No title]   (Site not responding. Last check: 2007-11-02)
LTV Steel is the nation's third largest integrated steel producer and the second largest producer of flat rolled steel in the United States.
LTV Copperweld also is the largest producer of structural steel tubing in North America with 23 plants and 3,500 people, the company produces over 1.5 million tons of tubular products annually.
Bricker added, that if LTV were to shutdown, the impact would reach far beyond the Company's immediate employees and customers to encompass 70,000 retirees and their families who are now dependent on a variety of Company paid insurance benefit and pension programs.
bankrupt.com /ltv.txt   (1991 words)

  
 e:\dot\ltv html\ltvissues
LTV sales grew at a 7.8 percent (CAGR) rate and represented 34 percent of the fleet and 44 percent of new vehicle sales in 1996.
For example, when LTVs strike passenger cars on the left side, the risk of death to the car driver can be 30 times higher than the risk to the LTV occupant.
LTVs do not have the same stopping distance as passenger cars and there are differences in stopping distances between different LTV makes and models.
www.nhtsa.dot.gov /cars/problems/studies/LTV   (3488 words)

  
 LTV Steel bankruptcy background   (Site not responding. Last check: 2007-11-02)
LTV was still reeling from the effects of the 1998 import crisis when it announced, on January 29, 1999, a fourth quarter net loss of $61 million (net income for the previous year's fourth quarter had been $32 million).
LTV also recorded a charge in the fourth quarter of 2000 of $10 million for uncollectable receivables due from two unrelated steel processing companies that filed for bankruptcy in 2001.
LTV stated that the anticipated cash proceeds from the sale of the integrated steel and related assets will not be sufficient to provide any recovery to shareholders and again cautioned the public against speculative trading in LTV common stock, which the company regarded as worthless.
www.steelnews.com /companies/chapter11/ltv_steel.htm   (3837 words)

  
 Feds seek steel tariffs as LTV shutsdown - Dec. 7, 2001
The decision comes the same day that LTV Steel, the nation's fourth largest steelmaker, got an order from a bankruptcy court judge to start shutting down operations at its mills in the hopes of finding a buyer within the next two months.
LTV, which operates steel mills in Cleveland, East Chicago, Ind., and Hennepin, Ill., started Friday to put those mills on what is known as "hot idle" status.
A union spokesman blasted LTV executives, saying that the company would be in better shape for a sale if they had not pushed for the current shutdown before the president could act.
money.cnn.com /2001/12/07/news/steel   (874 words)

  
 90.3 WCPN: LTV - What Happens Next?
LTV Corporation has closed its Cleveland Works steel plant, idling most of its remaining workforce and marking the end of nearly a hundred years of steel manufacturing in Cleveland.
In fact, the union has a representative on our LTV Board of Directors and they are part of the creditors committee, so they've been fully informed since the beginning of this bankruptcy of all the facts and all the numbes that, by law, we've had to share with al of the constituencies in this.
LTV is one of over 25 steel companies that filed for bankruptcy, and are fighting a very difficult fight to survive in a marketplace that has changed dramatically from the 50s and 60s and even 70s.
www.wcpn.org /specials/ltv/tomasch.html   (6531 words)

  
 Handbook of Texas Online: LTV CORPORATION
LTV Corporation, with headquarters originally in Dallas, began as an electric company, moved into the defense and aerospace business, and became the nation's third-largest steel manufacturer, supplying steel products to the automotive, appliance, construction, and other industries.
LTV was eventually noted for several important "firsts," including first major company to issue junk bonds.
LTV sold its Wilson component in 1981, and in 1984 acquired Republic Steel, but failed to offset falling steel and oil prices and other losses.
www.tsha.utexas.edu /handbook/online/articles/LL/epl2.html   (909 words)

  
 Shop Talk: LTV, USW heads to meet as talks founder
LTV no longer has steelmaking operations here but the talks are important to more than 12,000 retirees in Western Pennsylvania who face the prospect of losing pension and health-care benefits.
After an exchange of proposals, LTV told managers and supervisors in a memo that most items in the union's proposal were conditioned on a proposed package of government relief that included import controls, industry loans and a surcharge on steel to pay benefits or legacy costs for retirees.
LTV, which filed for bankruptcy protection last December, is seeking savings in wages, benefits and pensions as part of an overall plan to cut $800 million a year from its businesses' costs.
www.post-gazette.com /businessnews/20010429shop7.asp   (994 words)

  
 Peter Kelly of LTV Steel   (Site not responding. Last check: 2007-11-02)
He was named President of LTV in 1991, elected to the board in 1997, and elected Chairman and CEO in early 1999.
LTV has an active capital investment program and its goal is to double its revenue in 10 years.
LTV shares have paid an annualized dividend of $0.12 per share, have recently traded at between $5 -$6 per share, and have a beta of about 0.9 (Value Line).
bsob.jcu.edu /mellen/Kelly.htm   (285 words)

  
 Loan Value - Loan to Value Ratio - LTV
Your LTV is important because it determines your equity in the property.
Your LTV is a ratio expressing the value of your property to the amount of your loan.
Traditional wisdom holds that the higher the LTV on a loan, the higher the risk of default; alternatively, the higher the equity, the lower the risk - and therefore the lower the interest rate, cost, and fees associated with doing the loan.
www.ditech.com /faqs/terms.html   (2549 words)

  
 www.4teachers.org | KidSpeak | The LTV Project
LTV includes a daily program with announcements, school and community news, interviews with local community members, and promotional activities.
LTV is a student-run program designed for students to learn about current events and improve their communication and technology skills in a fun and creative environment.
They were able to put their coverage on LTV and they had a lot of fun with it.
www.4teachers.org /kidspeak/ltv/index.shtml   (1405 words)

  
 American Metal Market: Pete Kelly: an eventful career at LTV - J. Peter Kelley of LTV Steel Company Inc - Steel ...
The president of LTV Steel Co. since January, J. Peter Kelly in a sense is a product of the steel industry -- his father was a member of the United Steelworkers and his first job out of college was with a steel company.
Kelly is happy that the percentage of the LTV workforce involved in labor-management participative teams has nearly doubled in the past two years, to nearly 50 percent.
LTV has had to balance the claims of these groups and of its desire "to do the right thing in the communities where we have had to shut down facilities" with the company's long-term future, he explained.
www.findarticles.com /p/articles/mi_m3MKT/is_n116_v99/ai_10877351   (1061 words)

  
 Recycling Today Online :: :: » LTV Seeks Bankruptcy Court Approval to Cease Operations
LTV Copperweld, comprised of certain subsidiaries of The LTV Corp., including Copperweld Corp., Welded Tube Co. of America and the LTV Steel Tubular Division, will not be affected by the actions.
LTV Copperweld is in the process of obtaining separate financing and will continue to operate and supply its customers with high quality tubular and bimetallic products.
LTV obtained debtor-in-possession financing in March 2001 and developed a plan to restructure its integrated steel operations as a low-cost, viable business.
www.recyclingtoday.com /news/news.asp?ID=1578&SubCatID=86&CatID=28   (378 words)

  
 LTV Steel - Western Reserve Historical Society   (Site not responding. Last check: 2007-11-02)
Within a decade, LTV Steel reduced its steelmaking capacity from 24 million tons a year to 10 million tons.Money from the plants sold off were used to pay off debt and for reinvestment into the two main steelmaking facilities LTV kept, the Cleveland Works and the Indiana Harbor Works (located in East Chicago).
While the community and the workers searched for ways to keep the company and its mills operating, the economy was in a major downturn, and the American steel industry was in its worst period for more than a decade.
LTV was unable to save itself, and the company ceased operations in December of 2001.
www.wrhs.org /crawford/template.asp?id=410   (488 words)

  
 Background Information LTV South Side Works
LTV acquired Jones and Laughlin Steel (JandL) in 1974.
In 1984, LTV took over Republic Steel and combined with JandL to form the subsidiary LTV Steel Co. These companies merged to form the second largest steel producer in the nation (Dallas AP, 1985).
However, because the LTV Coke plant is still present, parking and RandD could not be developed as soon as light industrial/flex could be.
www.ce.cmu.edu /Brownfields/nsf/sites/ltv/info.htm   (2621 words)

  
 LTV Corporation (Ling-Temco-Vought) - Pre Bankruptcy   (Site not responding. Last check: 2007-11-02)
LTV obtained debtor-in-possession (DIP) financing in March 2001 and developed a plan to restructure its integrated steel operations as a low-cost, viable business.
LTV Steel Company, Inc. LTV Steel is the nation's third largest integrated steel producer and the second largest producer of flat rolled steel in the United States.
LTV Copperweld is North America's largest manufactuer of steel tubing and the world's largest producer of bimetallic wire for the telecommunications and utilities industries.
www.scripophily.net /lininc.html   (794 words)

  
 LTV Agrees to Sell Its Steel Ops   (Site not responding. Last check: 2007-11-02)
LTV plans to inform Judge Bodoh of the buyer's plan during a public hearing scheduled for Thursday morning.
LTV's steel operations are shut down but have been maintained to make a production restart easier.
LTV's Cleveland mill attracted the interest of newly formed Cleveland Steel Inc., whose management team includes LTV employees with experience managing steelmaking furnaces at the plant.
www.isd.net /~loc2705/pages/ltv_agrees_to_sell_its_steel_ops.htm   (450 words)

  
 LTV Steel News Releases   (Site not responding. Last check: 2007-11-02)
LTV to Reorganize Copperweld — LTV and its creditors are developing a separate plan of reorganization by which Copperweld would emerge from bankruptcy as an independent business.
LTV Repeats: Common Stock is Worthless — In response to a growing number of inquiries from the public, The LTV Corp. repeats that the shares of its common stock (LTVCQ.OB, posted on the OTC Bulletin Board) are worthless.
LTV Retiree Benefits to End March 31 — LTV Steel and the United Steelworkers of America (USWA) now expect that funds in the Voluntary Employee Beneficiary Association (VEBA) trust will not be sufficient to assure payment of retiree health care claims incurred after March 31, 2002.
www.steelnews.com /companies/producers/ltv_archive.htm   (1459 words)

  
 State DEP confronts LTV
The state has ordered bankrupt LTV Steel Co. to come up with a plan to continue treating more than 30 million gallons of acid mine drainage a day from three closed mines that could cause "devastating" environmental problems in the Youghiogheny, Monongahela and Allegheny rivers.
Mallison said LTV has been pumping and treating about 9 million gallons of acid mine water a day since 1982 from its closed Banning Mine in Rostraver and South Huntingdon, Westmoreland County, and discharging the treated water into a tributary of the Youghiogheny River near West Newton.
Since 1998, LTV has pumped and treated about 1.5 million gallons a day from its Clyde Mine in East Bethlehem, Washington County, and discharged the water into Ten Mile Creek, a tributary of the Monongahela River.
www.post-gazette.com /healthscience/20020308ltv2.asp   (687 words)

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