USX Corp.: The steel, energy and diversified...
From Times Staff and Wire Reports
USX Corp.: The steel, energy and diversified businesses company reported third-quarter profit of $175 million, down 23% from 1988 earnings, which included $71 million from the positive outcome of a federal tax issue. Sales totaled $4.4 billion, down 5%. The Pittsburgh firm attributed the results in part to lower refined product margins at Marathon Oil Co., the disposition of a number of units in its diversified businesses segment and the reduction of financial obligations by $1.6 billion since year-end 1988.
