Icahn's Federal-Mogul Falls as Currency Swings Hurt Profit
- Exchange rates cut quarterly revenue in powertrain unit
- Icahn owned 82 percent of parts supplier as of June 30
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Federal-Mogul Holdings Corp., the auto-parts supplier controlled by Carl Icahn, fell after currency swings drove declines in third-quarter profit and sales.
The shares dropped 1.5 percent to $7.64 at the close in New York. The stock has declined 53 percent this year.