UPDATE 2-New business boosts Lear profit

Newswire

(Adds analyst comments, earnings details, background, early stock activity, byline) By Susan Kelly CHICAGO, Jan 26 (Reuters) - Lear Corp. , the No. 3 U.S. auto parts supplier, on Monday said its quarterly earnings rose 12 percent on new business and the strong euro. "The company continues to perform well," said Mark Oline, managing director for Fitch Ratings, which initiated coverage of the company in September with an investment-grade rating of BBB- on its senior debt. The maker of ...

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