- AIG 'Retention' Bonus Paid To Execs Who Already Left
- World Bank Cuts China's 2009 GDP Forecast to 6.5%
- BOJ May Buy More Bonds as Recession Deepens
- Summers: We'll Be Creative In Recovering AIG Bonuses
- Banking Crisis Could Get Even Worse in '09: Whitney
- For 40 Years, Small Caps Still Safest Bet in Stocks
- Rivals Launch Assault To Steal H-P Customers
- Cramer: Economy Up, But Not Stocks Yet
- Treasurys 'Disaster Waiting to Happen': Dr. Doom
- Lightning Round: AT&T, Microsoft, MetLife and More
- Lightning Round OT: Comerica, Kinder Morgan and More
- Tech’s Overlooked Winners
- Off the Charts: Smith International
- Economy Up, But Not Stocks Yet
- Your First Move For Wednesday March 18th
- Web Extra: Fast & Furious Trades For Wednesday
- Last Stock Standing: Financials
- Pops & Drops: Home Depot, Exxon...
- Time to make the doughnuts again at Dunkin'
- US intercepts ballistic missile in Hawaii test
- Gannett: Sale talks delay paper's closing
- Last P-I printed, Seattle becomes a journalism lab
- Google taps top UK ad exec to run US sales
- Jamaica seeking buyer for ailing sugar estates
- Citigroup's top economist tapped for Treasury post
- Geithner working to recoup AIG bonuses
- Sources: Obama learned of AIG bonuses last week
US Steel plans temporary shutdown, layoffs in Ohio
LORAIN, Ohio - U.S. Steel plans to temporarily shut down its operations in northeast Ohio for two weeks and lay off 77 workers.
In a letter to the Ohio Department of Job and Family Services, the Pittsburgh-based company says it will idle its Lorain Tubular Operation due to a recent "major and unanticipated" economic downturn.
Spokeswoman Erin DiPietro says there is reduced demand for products made for the oil and gas industries. She would not say how long the shutdown would last.
The plant employs about 570. About 200 union members are currently on a vacation shutdown.
Lorain Mayor Tony Krasienko says the city's unemployment rate has been near 8 percent for some time, with the suffering steel industry affecting other businesses.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


