UPDATE 3-Goodyear posts loss, raises cost-cutting targets

Newswire

(Adds details on restructuring plans, background, byline) By David Bailey CHICAGO, April 27 (Reuters) - Goodyear Tire & Rubber Co. posted a quarterly net loss on Friday after several one-time charges and announced plans to step up its cost-cutting, sending shares to their highest level in more than seven years. Goodyear, the largest U.S. tire maker, said it made significant progress on a multiyear restructuring plan and would lengthen the plan by a year and increase its goals, ...

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