UPDATE 1-Continental posts strong earnings, raises outlook

Newswire

(Adds U.S. pensions, details, background, share price By Michael Steen FRANKFURT, Oct 31 (Reuters) - German tyre and car parts maker Continental posted a rise in nine-month core operating profit on Thursday that beat expectations and raised its 2002 profit outlook, sending its shares higher. But the company, which is coming out of a period of painful restructuring and factory closures, also said it would take charges in the fourth quarter for shortfalls in its U.S. pension fund and ...

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