UPDATE 3-Bridgestone cuts 2006 profit forecast by 35 pct

Newswire

(Adds reaction from European tyre makers) By Edwina Gibbs TOKYO, June 27 (Reuters) - Bridgestone Corp. , Japan's biggest tyre maker, cut its profit forecast for the current year by 35 percent, saying on Tuesday the rising costs of natural rubber, oil and other raw materials would hurt more than expected. Also citing a special loss related to the closure of a U.S. plant in Oklahoma City, Bridgestone said it was likely to make 65 billion yen ($561 million) in net profit for the year to ...

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