US CREDIT - Lear may not be a short for long

Newswire

NEW YORK, June 27 (Reuters) - The credit derivatives market on Monday bet Lear Corp. will weaken further, along with the ailing U.S. auto industry, while some analysts said the parts maker may not fall far. The maker of automotive seats, door panels and other components on Monday said it will incur charges and use up cash in the short term in an effort to make its operations more competitive in the long run. Derivatives traders gave an initial thumbs down to the plan, along with stock ...

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