UPDATE 1-Goodyear expects quarterly profit on higher prices

Newswire

(Adds details from release, stock activity, background) CHICAGO, Feb 23 (Reuters) - Goodyear Tire & Rubber Co. on Wednesday said it expects a fourth-quarter profit as higher sales prices and the sale of more expensive tires outweighed higher-than-expected raw materials costs. The tire maker, whose shares rose 5 percent on the Inet electronic brokerage, said its North American Tire unit made an operating profit for the third consecutive quarter and it plans several debt refinancings ...

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