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Cooper Tire 4Q profit beats Wall Street estimates

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FINDLAY, Ohio (AP) — Cooper Tire & Rubber Co. said Monday that its fourth-quarter net income fell by more than half, hurt by tough comparisons to results boosted by a hefty tax benefit a year ago. Despite the drop, the results came in well ahead of Wall Street predictions. Cooper said it got a boost from lower raw material costs, better manufacturing efficiency, higher sales volumes and...