Losses double at Goodyear
Losses have doubled at tyre giant Goodyear to £243 million for the last year as it axed around 5,700 jobs worldwide in a bid to cut costs as sales drop.
``East West reported a return to profitability with net earnings for full year 2009 of $76.6 million. The return to profitability for 2009 follows a single loss year for 2008 -- the only loss year for East West in nearly 30 years''