Federal-Mogul Posts Quarterly Loss

Federal-Mogul Corp. has posted a wider quarterly net loss as higher raw material costs and increased pension costs cut into gross profit margins.
The company, which sought bankruptcy protection in October 2001 to deal with asbestos liabilities, reported a second-quarter net loss of $11.6 million, or 13 cents a share, compared with a net loss in the year-earlier quarter of $9 million, or 11 cents a share. All figures in U.S. dollars.