CSX posted a $440-million quarterly loss.
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The Richmond, Va.-based holding company, which has energy exploration and railroad interests, also reported a loss of $118 million for the year. The losses compared to restated earnings of $43 million for the like year-ago quarter and $414 million for the previous year. CSX attributed the losses to a previously announced pretax charge of $954 million taken to dispose of certain marginal units and trim its work force by 12%.
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