Carl Icahn's Federal-Mogul (FDML +24.1%) soars after swinging to a profit in Q2 on cost cutting...

|About: Federal-Mogul Corporation (FDML)|By:, SA News Editor

Carl Icahn's Federal-Mogul (FDML +24.1%) soars after swinging to a profit in Q2 on cost cutting and the elimination of loss-making divisions. Sales in both the power train and vehicle components segments rose 5% Y/Y. FDML also says it raised $500M in a shareholder rights offering earlier this month. (previous)