NEWS
By Doug Struck and Doug Struck,Jerusalem Bureau | December 25, 1993
BETHLEHEM, Israeli-Occupied West Bank -- The flag went back up, Christmas was saved, and this town celebrated its first happy Christmas Eve in six years of glum holidays.A row over raising the Palestinian flag had threatened to scrub the Christmas festivities at the birthplace of Jesus, but Israeli authorities yielded yesterday, and the celebration was on.Thousands of Palestinians gathered here to watch marching bands and choirboys escort the Latin Catholic patriarch to church services, the first such public rejoicing since the Palestinian uprising began in 1987.
NEWS
By Garrison Keillor | December 25, 2007
BETHLEHEM, Pa. -- I woke up in New York one day last week - a good thing, since I had gone to bed in New York the night before - and dressed and packed and hustled off to the subway. On the sidewalk on 86th Street and Central Park West, a newspaper vendor stood with big stacks of the Post, Daily News, Newsday, Wall Street Journal, Financial Times and Times. I walked up, he glanced at me, reached for the Journal, then the Times. A buck twenty-five for an instant reading of my character. What is it about me that says I'm not interested in news about the misdeeds of the rich and famous?
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | December 31, 1992
Bethlehem Steel Corp. said yesterday that it had signed an agreement that provides it with $500 million in revolving credit. The new line of credit replaces two others.The credit line is with a group of 19 U.S. and international banks, including Maryland National Bank and First National Bank of Maryland, according to Bethlehem spokesman Art Roth. Bethlehem did not specify the commitment of each bank.Morgan Guaranty Trust Co. is the agent for the line of credit, with Chemical Bank and Long-Term Credit Bank of Japan Ltd., as co-lead managers.
BUSINESS
By Ross Hetrick and Ross Hetrick,Sun Staff Writer | July 28, 1994
Bethlehem Steel Corp. stock dropped more than 7 percent yesterday after the nation's No. 2 steelmaker reported lower-than-expected earnings.Bethlehem reported it made $26 million, or 14 cents a share, in the second quarter.The news sent its share price down $1.625 to $20.75."It is definitely disappointing in what should be the strongest steelmarket in 20 years," said Charles A. Bradford, a metal analyst for UBS Securities Inc., a New York investment banking firm.Yesterday's results were the company's fourth consecutive profitable quarter -- excluding a $290 million restructuring charge in the fourth quarter -- after suffering three years of losses.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | November 14, 1992
A deal to sell a Bethlehem Steel division, which includes the closed rod mill at Sparrows Point, is close to becoming a reality, according to officials of Ispat Group of Calcutta, India.In a press release distributed this week, Ispat officials said they were "in an advanced stage of negotiations" with Bethlehem to buy its bar, rod and wire division. That division includes Bethlehem's rod mill in Baltimore County, which had a work force of 350 before it was shut down Aug. 14.In addition to the rod mill, negotiations involve steel mills in Johnstown, Pa., and a 13-inch bar mill in Lackawanna, N.Y. The largest operation in the division is the Johnstown operation, which employed 1,950.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | November 27, 1992
The closed rod mill at Bethlehem Corp.'s Sparrows Point steel mill could reopen and begin operating as soon as February.T. N. Ramaswamy, director of finance for Ispat Mexicana S.A. de C.V., which has agreed to buy the closed mill, said his company hopes to complete the purchase as early as January and to reopen the operations a few weeks later.But, he cautioned, there could be intervening problems. "We have to look at a lot of details," he said.The number of people who would be employed at the rod mill has not been determined, but Ispat, part of the Ispat Group of Calcutta, India, plans to hire union workers and to negotiate a contract with the United Steelworkers of America, Mr. Ramaswamy said.