UPDATE 1-Federal-Mogul swings to profit on cost cuts

Newswire

* Q4 EPS 43 cents vs year-ago loss $5.36 * Year-end liquidity $1.5 bln DETROIT, Feb 23 (Reuters) - Auto parts maker Federal-Mogul Corp reported a quarterly profit on Tuesday, reversing a year-earlier loss, driven by aggressive cost-cutting and improving global auto production. Fourth-quarter net income was $43 million, or 43 cents per share, compared with a year-ago loss of $530 million, or $5.36 per share. Revenue rose to $1.4 billion from $1.3 billion. Federal-Mogul, controlled ...

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