US: Goodyear Q3 net income plummets on higher revenues

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Goodyear has announced third quarter net income of just US$31m against a figure of US$668m in 2007. But it's not as bad as it looks. Last year's third quarter was distorted by the US$517m proceeds of a divestiture; the comparable figure last year is US$159m (an 80% drop). Read more ...