Navistar Falls After $2.77 Billion Quarterly Loss: Chicago Mover
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Navistar International Corp., the truckmaker under pressure from shareholders including Carl Icahn to boost its performance, fell the most since September after a $2 billion tax expense led a quarterly loss of $2.77 billion.
Navistar tumbled 8.5 percent to $20.92 at the close in New York, for the biggest one-day drop since Sept. 4. The shares have lost 45 percent this year.