USX reports $304 million loss in fourth quarter
USX Corp oil and gas unit posts a $304 million quarterly loss as fourth quarter sales rise to $5.4 billion. Full year 1995 earnings total $214 million on $209 billion in sales, well below 1994 levels.
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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 26, 1996
Page
8
USX Corp oil and gas unit posts a $304 million quarterly loss as fourth quarter sales rise to $5.4 billion. Full year 1995 earnings total $214 million on $209 billion in sales, well below 1994 levels.
MCI and Rupert Murdoch's News Corp will form a new venture to deliver television and related services via direct broadcasting satellite in about two years. The move follows MCI winning the final DBS license and aims to serve both consumer and business markets with as many as 400 channels, including data and manual delivery for car dealers.
Pizza Hut unveils Triple Decker a cheese in the middle of two thin crusts as part of a Super Bowl push to boost sales in a hot competitive market. Domino’s and Little Caesars compete while experts note fast product changes in a commoditized pizza industry.
Metal price report from New York shows Comex and Merc data with gold at 405.0 per ounce and silver at 5554 per ounce. Platinum 472.50, palladium 131.25, copper 1.1750 per pound, lead 46, zinc 1.56, tin 4.1973, mercury 2.50 per 7 and a half pound flask, and aluminum around 700 per cert.
Consignments include 560 hogs weighing 190 to 230 pounds with varying prices from 41.35 to 45.85. Feeder pigs range 40 to 60 pounds priced 10.50 to 13.50. Calves include good 52 to 60 dollars, medium 45 to 52, and thin 45 and down. Cattle feature steers bulls and cows with prices from 20 to 68 dollars for some categories and open heifers up to 85 dollars. Sheep show market lambs 90 to 125 pounds at 48 dollars, feeder lambs 50 to 68 dollars, and cull ewes 14 to 28. Dairy cattle include cows 710 and down, heifers 130 to 550 with service bulls 390 to 775. Total head 2,228 from 402 consignors. hay and straw offerings noted with first cutting 40 to 100, second 40 to 115, third 57.50 to 145.
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