UPDATE 3-Goodyear sees earnings pressure; stock falls 7 pct

Newswire

(Recasts, adds executive quotes, stock reaction, byline) By Nick Zieminski NEW YORK, June 26 (Reuters) - Goodyear Tire & Rubber Co said on Thursday a tough U.S. economy and reduced demand will put pressure on earnings, sending its shares down more than 7 percent to their lowest level since December 2006, part of a wider auto industry stock downturn. The largest U.S. tire maker said it would spend up to $1.3 billion annually over the next few years to expand in key markets, and ...

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