• The Associated Press

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Bridgestone Corp. reported a 92 percent plunge in annual profit Thursday as global demand for tires dropped sharply, and forecast even more dismal earnings for the coming year.

Bridgestone, running neck and neck with Michelin SCA of France as the world’s biggest tire maker, reported a ¥10.41 billion net profit for the year ending Dec. 31, down from ¥131.63 billion the previous year.

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