Word: laughlin
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Dates: during 1970-1979
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...Ever since last November, steel conglomerates LTV Corp. and Lykes Corp. have argued fiercely that the only alternative to their planned merger was Lykes' bankruptcy and the layoff of thousands of steelworkers. But antitrust officials objected that even the marriage of two money losers. LTV's Jones & Laughlin and Lykes' Youngstown Sheet and Tube, would reduce steel competition. In the end, it came down to a very close personal decision by Attorney General Griffin Bell. Last week, overruling his staff, he approved the deal by which LTV (sales last year: $4.7 billion) will acquire Lykes for about...
...controversial decision to allow the joining of the nation's seventh (Jones & Laughlin) and eighth (Youngstown) largest steelmakers into what will become the third or fourth biggest clearly hinged on Lykes' doomsday prediction. That prophecy could have proved self-fulfilling, because customers, suppliers and creditors all began to abandon the company for fear it would collapse. Bell rejected his own in-house advice that Lykes could be saved and competition maintained by selling assets to raise cash. The weakness of the company, he said, "led me to conclude that Lykes faced a grave probability of a business failure...
...miners return to work. A spokesman for the Consolidation Coal Division of Continental Oil says that its nine mines in western Pennsylvania could be opened early this week with plenty of work for as many as show up. Other big mining outfits, including U.S. Steel and Jones & Laughlin, report that they have been maintaining the mines during the strike with supervisory personnel...
Hughes, Jack that is, played an outstanding game. Twice while Clarkson was on the power play, the talented sophomore dumped Clarkson wing Laughlin, who was positioned with the puck at the top of the face-off circle to the right of goalie Murphy, and cleared the puck the full length...
...Their finess was no where to be seen. Clarkson dominated the ice, mounting all sorts of offensive pressure. Finally, the Upstate New Yorkers broke down the Crimson defense at 5:48 and tacked on an insurance tally at 5:48. A slap shot bounced off the back boards onto Laughlin's stick, and when Clarkson's junior winger had his second goal of the night, Harvard was all washed...