Accounting troubles threaten Goodyear

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The Securities and Exchange Commission (SEC) has launched a formal investigation into accounting problems at Goodyear Tire & Rubber, following the company’s planned restatement of financial results for 1998 to 3Q 2003. The Ohio-based company expects to reduce net income for this period by around $100 million due to errors that occurred with a new inter-company billing system.

Goodyear has been conducting an internal investigation into possible improper accounting at its European

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