LTV Corp.: The diversified manufacturing company reported...
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LTV Corp.: The diversified manufacturing company reported that second-quarter profit more than doubled to $76.6 million, primarily from a one-time gain of $44.3 million on the sale of its interest in a stainless steel company. Revenue fell 4% to $1.59 billion. Dallas-based LTV said significant Chapter 11-related benefits, including deferred expenses for pensions and interest, boosted results. LTV is involved in steel, aerospace, defense and energy products.
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