Navistar 3Q sucks, stock soars, pink slips follow

Truck and engine maker Navistar International took a bath in the 3Q but its stock today soared 17 percent closing at $23.97 as it announced layoffs. The Lisle, Ill.-based company has faced recent setbacks regarding non-compliant engines prompting a change of leadership. 200 salaried positions are on the block after eliminating another 500 positions through voluntary separation.

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