Friday, April 27, 2007

UPDATE 1-Goodyear posts loss, raises cost-cutting targets

(Reuters) - Goodyear posted a net loss of $174 million, or 96 cents per share, in the first quarter, compared with net income of $74 million, or 37 cents per share a year earlier.

Goodyear, which has listed its engineered products business as discontinued due to its planned sale announced in March, posted a loss of 61 cents per share from continuing operations in the quarter.


Read more at Reuters.com Market News

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