Business: The Box Score

Despite all the grandstand opinion on how the economy is doing, the heart of the story is told in the box score: company earnings. Last week, as a flood of third-quarter earnings came out, there were some expected strikeouts. But there were also a surprising number of clean base hits where none were expected.

Steel. In the depressed steel industry, U.S. Steel Chairman Roger Blough came up with a hit. Even though its mills were operating at only 47.8% of capacity, the company earned 85¢ per share in the third quarter, more than enough...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!