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

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)
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