Hints and tips:
...It agreed to buy Firestone Building Products from Japan’s Bridgestone Corporation for $3.4bn in 2021. The company had a “pipeline of acquisition projects” in the US, Jenisch told the FT....
...The latest deal will allow Holcim’s North America unit to speed up growth and could value the standalone business at more than $30bn....
...Firestone generated 90 per cent of its $1.8bn in sales last year in the US but “we want to make it global by pushing into Latin America and Europe,” said Mr Jenisch....
...American Tire Distributors’ debt sank on Wednesday, following Bridgestone’s decision to end its US distribution agreement with the privately held company....
...Dollar-based returns of tyre stocks such as South Korea’s Hankook Tire and US group Goodyear declined roughly a quarter in the past year, while shares in Japanese maker Bridgestone are almost flat....
...Corporate earnings reports out today include SingTel, Bridgestone, Tata Motors, Secom, Shiseido and Toshiba Corp....
...Lee LeBrun, Rothschild’s head of M&A in North America, told DD he was reminded of Chuck Prince's famous quote....
...Corporate earnings reports out today include Commonwealth Bank of Australia, Wharf Holdings, Hong Kong Exchanges & Clearing, Dai-ichi Life, Tata Motors, DeNA, Bridgestone, JXTG Holdings, Trend Micro and...
...The 16,200-sq ft property, which has 13 bedrooms and sits on 6.7 acres, was owned in the 1950s by Harvey S Firestone Jr, son of the founder of Firestone Tire and Rubber....
...Some Japanese buyers such as Bridgestone, which bought US tyremaker Firestone in 1988, are willing to wait a decade to recover acquisition costs, a time-horizon not given to companies elsewhere facing shareholder...
...(Financial Times) “On Thursday, G.M. confirmed that it had hired a crisis management adviser, Jeff Eller, who cut his teeth in the Clinton administration and also represented Firestone in its tire recall...
...Hankook has been trying to narrow the gap with bigger rivals such as Michelin and Bridgestone in developed markets by burnishing its brand value, partly via motorsports marketing....
...Others say that, far from producing one original idea after another, King’s other titles are too similar to Candy Crush, suggesting that the company has cracked one kind of game that players could soon tire...
...problem, not an industry to be nurtured (Financial Times) The Aussie and the taper (WSJ) If it looks like a bank, regulate it like a bank (Bloomberg) Talk to Iran, it works (NYT) Blackberry’s fate (WSJ) Tire...
...Ports has acquired Russia’s National Container Company in a $1.6bn deal that will tie up Russia’s two biggest container operators. http://on.ft.com/172FeTB Hankook poised for first US tyre factory Hankook Tire...
...(Financial Times) Shares in India’s Apollo Tyres have jumped 1.5 per cent today after the company demanded a discount on the $2.5bn it had agreed for US rival Cooper Tire....
...The European Opportunities fund is also the largest shareholder in London-listed Firestone Diamonds, which has mining projects in Botswana and Lesotho....
...In North America, sales of ultra-high performance tyres rose 38 per cent in the last quarter of 2010 compared with a year earlier. In Europe, sales rose 16 per cent....
...Back then, Japan’s Bridgestone offered almost 40 per cent more than Italy’s Pirelli to secure control of Firestone Tire & Rubber of the US....
...Major tyre companies including Bridgestone, Michelin, Goodyear and Continental have raised prices by 5-15 per cent this year – and some businesses have announced a further round of price increases....
...In September 2000, Ford faced Congressional hearings over a recall of tyres made by Japanese company Bridgestone’s US Firestone unit and used on its Explorer sports utility vehicle....
...Cultural differences also exacerbated the tensions over the recall of Ford Explorers fitted with tyres made by Firestone, part of Japan’s Bridgestone, with the two companies blaming each other for design...
...Tire, owner of Firestone....
...They also provide an acceptable alternative to the recent glut of rights issues and their high underwriting fees, which institutional investors are beginning to tire of....
...dealers in North America....
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