Tenneco Inc.: The Houston-based company said fourth-quarter...
From Times Staff and Wire Reports
Tenneco Inc.: The Houston-based company said fourth-quarter net income fell 37% because of higher interest costs and a higher effective tax rate. Profit totaled $130 million on revenue of $3.9 billion, unchanged from the same period a year earlier. For the year, profit totaled $561 million, down 4%, on revenue of $14.5 billion, up 3%. Tenneco is a diversified business with interests that include natural gas pipelines and shipbuilding.
Tables, D12
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