Tennessee Coal and Ironwas bought out by U.S. Steel in 1907, and it
became USX-U.S. Steel Group (X) in May 1991. In January 2002,
the company changed its name back to U.S. Steel Corp. U.S. Steel
has a market value of $10.2 billion.
U.S. Leather, one of the largest makers of shoes in the early part of
this century, liquidated in January 1952, paying its shareholders
$1.50 plus stock in an oil and gas company that was to become
worthless.
U.S. Rubberbecame Uniroyal in 1961, and it was taken private in
August 1985. In 1990 Uniroyal was purchased by the Michelin
Group, which has a market value of 13 billion.CHAPTER 3 Stock Indexes 49