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LTV Corp. petitioned the court overseeing its reorganization to toss out an existing labor agreement in order, it said, 'to restructure its integrated steel business and save the jobs and [...]

Many of the top players in fixed income are filing amicus curiae briefs in the pending bankruptcy court case of LTV Corp. in the hopes of defeating a potential ruling [...]

Firms line up for war reparations Claims cover personal, corporate Mideast losses Seeking millions of dollars in damages from the Persian Gulf war, Dallas-area business interests have lined up in [...]

Some experts predict that the Pension Benefit Guaranty Corp (PBGC) may be faced with financial problems similar to those that caused the savings and loan difficulties because of the risks associated with underfunded plans. Statistics indicate that the PBGC had a $1 billion deficit in 1989 which was reduced from what it was in 1987 by 50%, and has assets worth $3.2 billion. However, the PBGC may experience increased deficits because it can do little to prevent future losses caused by underfunding, and it may also be faced with expanded liabilities based on a Supreme Court decision in the case of the PBGC versus LTV., Will pensions overshadow the S&L fiasco? Still appalled by last year's multibillion-dollar bailout of the Federal Savings and Loan Insurance Corp. (FSLIC), lawmakers are listening closely to warnings that a [...]