UPDATE 1-Rising costs puncture Cooper Tire Q3 profit

Newswire

(Follows alerts) Oct 31 (Reuters) - Cooper Tire & Rubber Co , which makes tires for passenger vehicles and light trucks, posted lower third-quarter profit, and warned that raw material costs remain high, and volatile. Although raw material costs have shown signs of stabilizing, Cooper Tire said its raw material index would decline by less than 5 percent from the third quarter to the fourth quarter. The company warned in August it would likely cut its target for a 10 percent increase in ...

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