Higher oil prices and strong demand for...
From Times Wire Services
Higher oil prices and strong demand for steel helped USX Corp. more than triple profit in the fourth quarter, the steel and energy company said.
The Pittsburgh-based firm’s net income totaled $128 million, up from $37 million in the fourth quarter of 1993. Figures in both years were altered by one-time gains and expenses. Sales rose nearly 13% to $5.18 billion from $4.6 billion.
For all of 1994, USX’s profit totaled $501 million, up from a loss of $259 million in 1993. USX does not provide per-share results for corporate profit because stock in its three divisions trades separately.
