UPDATE 3-Tenneco posts 4th-qtr net loss on charges

Newswire

(Recasts, adds details, updates stock activity) CHICAGO, Jan 25 (Reuters) - Auto parts maker Tenneco Automotive Inc. on Tuesday reported a wider quarterly net loss on restructuring and refinancing charges, while strong sales to automakers boosted results excluding those items. Tenneco, which said higher steel costs pressured results in the quarter and are expected to continue through 2005, also said it is working to offset that impact by raising prices to customers and reducing ...

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