Saturday, April 28, 2012

Goodyear refinancing charges lead to $11M 1Q loss

In this Thursday, April 26, 2012, photo, new Goodyear tires sit in a service bay at Conrad's Total Car Care center in North Olmsted, Ohio. Goodyear said Friday, April 27, 2012, sales increased 2 percent and revenue per-tire rose 16 percent, but $86 million in refinancing charges to land lower interest rates dragged it to an $11 million loss for the first quarter. (AP Photo/Mark Duncan)Goodyear Tire & Rubber Co. lost $11 million in its first quarter as refinancing charges more than offset the impact of higher revenue.


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