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Wednesday, May 22, 2013 | 12:33 a.m.
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Updated: 11:48 a.m. Friday, June 8, 2012 | Posted: 11:47 a.m. Friday, June 8, 2012
Staff Report
Shares of Navistar International Corp. rebounded Friday morning after falling 14 percent Thursday on news of an unexpected second-quarter loss and trouble getting a key engine certified by the government.
Navistar shares (NYSE: NAV) were up 7.8 percent to $26 in trading Friday morning. Part of the rise might be attributable to activist investor Carl Icahn’s purchase of Navistar shares Thursday as the stock sank. Icahn and his affiliates now hold 11.87 percent of the company.
On Thursday, Navistar reported a second-quarter net loss of $172 million, or $2.50 per share. The company employs about 800 in Springfield.
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