NATION
NATION
Former Qwest CEO reports to prison
DENVER — Two years after his conviction, former Qwest CEO Joe Nacchio reported to a federal prison in Pennsylvania on Tuesday to start a six-year sentence for insider trading while he appeals his conviction to the Supreme Court.
Nacchio reported to a minimum-security prison camp in Minersville, Pa., around 11:30 a.m., a prison spokesman said. His deadline was noon. He is inmate No. 33973-013 and will be assigned a job that likely pays 12 to 40 cents an hour, officials said.
Largest steelmaker plans to idle plant, lay off 400
PITTSBURGH — ArcelorMittal SA, the world’s largest steelmaker, plans to idle a plant in Indiana and lay off about 400 workers because of global economic turmoil that has dampened demand for the metal.
The Luxembourg-based company said Tuesday it will suspend operations indefinitely at the Indiana Harbor Long Carbon facility in East Chicago. The plant is part of a larger facility that employs about 5,000 union workers and hundreds of nonunion workers. The layoffs of union and management workers are expected to begin in about 60 days.
Associated Press
43
