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Goodyear's Burning Rubber
By Rich Duprey (TMF Cop)
August 7, 2006

Goodyear Tire & Rubber (NYSE: GT), the largest U.S. tire manufacturer, reported record sales of $5.1 billion for the second quarter on Friday. But in the same period, Goodyear's profits dropped 97% as it took charges related to its continued restructuring. Like its fellow tire makers, persistently high costs for rubber and oil have eaten away at Goodyear's ability to gain traction on its turnaround this year.......
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