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2011-07-28 06:30:00

SOUTHFIELD, Mich., July 28, 2011 /PRNewswire/ -- Federal-Mogul Corporation (NASDAQ: FDML) today announced higher sales and improved financial results in Q2 2011 versus the same period of 2010. The company reported sales of $1.8 billion, a 13 percent increase versus the prior year, or 6 percent in constant dollar terms. Gross margin was $299 million or 16.6 percent of sales, an increase of $25 million compared to Q2 2010. Selling, general and administrative expenses were improved to a...

Word of the Day
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.