A federal insurer of pensions announced Friday it is assuming control of retirement plans covering about 82,000 workers and retirees of LTV Corp. in what the agency called its largest-ever takeover.

U.S. Bankruptcy Judge William Bodoh is considering the request. LTV Chief Executive Officer Glen Moran stands to rake in a $600,000 bonus once the firm’s assets are sold. That’s as much as his entire ...

Seventy thousand retired and laid-off steelworkers and miners from LTV Corporation will not receive health-care or other benefits under terms of the sale of the bankrupt steelmaker. Pensions will also ...

U.S. Bankruptcy Judge William Bodoh did not issue a decision on LTV’s request Tuesday. The Cleveland-based steel maker is selling its assets under Bodoh’s supervision, including mills in Cleveland, ...

The government's pension insurance program, in its largest pension takeover ever, is assuming control of three underfunded retirement plans covering 82,000 workers and retirees of bankrupt steel ...

George W. Bush is currently hashing out what he will do, or won’t do, to help the domestic steel industry. It’s inevitable that whatever proposal he settles on will leave many feeling victimized, and ...

THE great blast furnaces have fallen silent at the Cleveland works. Men in hard hats hammer boards to building windows. Truckloads of coke lie abandoned on the banks of the Cuyahoga river, soaking up ...