USX Corp. is studying possible uses for...
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USX Corp. is studying possible uses for the $1 billion in cash it expects to generate in each of the next two years, Chairman David M. Roderick told security analysts in New York. The Pittsburgh-based company is considering the possibility of raising its dividend and making acquisitions, he said. It recently announced a stock repurchase program and the acquisition of PPG Industries Inc.’s Michigan oil and gas properties.
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