Goodyear posts loss, raises cost-cutting targets


CHICAGO, April 27 (Reuters) - Goodyear Tire & Rubber Co. , the largest U.S. tire maker, posted a quarterly net loss on Friday pressured by several one-time charges and said it would increase and extend a multi-year cost-cutting plan. 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.

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