Friday, 25 February 2011
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Cooper Tire 4Q profit edges up on rising demand
FINDLAY, Ohio (AP) � Cooper Tire & Rubber Co. said Friday its fourth-quarter profit rose 2.6 percent as stronger demand for its products helped offset rapidly rising raw materials costs. The company is also raising tire prices next month for the second time this year and plans to boost production. Citing high raw materials costs, Cooper Tire plans an average U.S. price increase of 8 to 9 percent
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