UPDATE 2-Goodyear exiting some private label tire business


(Rewrites, adds analyst's remarks, stock activity, byline) By David Bailey CHICAGO, June 21 (Reuters) - Goodyear Tire & Rubber Co. said it will exit one-third of its North American private label tire business and cut production in the area by 8 percent in the process to focus on more profitable tires. Goodyear, whose shares rose 4 percent, also said on Wednesday that 2006 operating income in its key North American Tire unit will fall below 2005 levels because of weak tire demand ...

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