Goodyear: The tire and rubber company reported...
From Times Staff and Wire Reports
Goodyear: The tire and rubber company reported a net loss for the first quarter of $90.1 million, contrasted with net income of $20.9 million in the year-ago period. Sales declined 7% to $2.5 billion. The Akron, Ohio-based company reported unusual charges of $65.1 million that primarily consisted of costs associated with work force reductions and the discontinuation of efforts to establish a tire factory in South Korea.
