Hints and tips:
...Apple, a host of chipmakers, FedEx, Colgate and Goodyear Tire & Rubber are among those that have stoked fears of a global slowdown amid signs that Chinese consumers are tightening their purse strings....
...And companies like Goodyear, AT&T, General Motors have all had to take write-offs in recent years....
...Goodyear and La Poste are not the only companies where French union members have taken executives hostage....
...Goodyear Tire & Rubber became the latest big US company to detail damage from Venezuela’s financial crisis when the automotive tyre manufacturer reported a $646m charge against fourth-quarter earnings....
...Goodyear Tire & Rubber was one of the best performing stock on the S&P 500 after a one-time benefit tied to the release of a tax valuation allowance helped the company post fourth-quarter profits that eclipsed...
...But is Goodyear Tire an emblem of the new economy? Another example: McKesson, a famously well-managed company in the old-fashioned drug distribution industry....
...The Goodyear plant last year became the centre of a spat between Arnaud Montebourg, France’s fiery industry minister, and Maurice Taylor, the outspoken head of the US-based Titan International tyre company...
...Maurice Taylor confirmed that the Illinois-based group is considering the acquisition of a beleaguered tyre factory owned by Goodyear in northern France....
...to rescue the Goodyear plant by asking the minister: “How stupid do you think we are?”...
...Top shareholdings: Resolute Forest Products; Dex Media; Cooper Tire & Rubber Company; IBM; Merck & Co; New York Times. Portfolio Value: $2.5bn....
...Goodyear Tire and Rubber lost 6.7 per cent to $21.12 after it was downgraded by Deutsche Bank to “hold” from “buy”....
...The Boston-based group is facing two separate suits from the Retirees of the Goodyear Tire and Rubber Company Health Care Trust and the Glass Dimensions Inc Profit Sharing Plan and Trust....
...The bosses of several of France’s biggest companies have weighed in to the controversy over comments by the head of a US tyremaker that it would be “stupid” to invest there, saying that the attack sprang...
...The Dow Jones Industrial Average was flat at 13,107.21. In other earnings news, Goodyear Tire & Rubber reported a drop in net income on lower total revenues, missing analysts’ expectations....
...The Boston-based group, which has $2.1tn of assets under management, is facing two separate lawsuits from the Retirees of the Goodyear Tire and Rubber Company Health Care Trust and the Glass Dimensions Inc...
...Goodyear Tire fell 5.2 per cent to $13.25 after fourth-quarter revenues missed analyst expectations....
...The bank has identified seven companies where pension contributions are estimated to be more than half of average annual cash flow from operations over the past five years: AK Steel, Goodyear Tire, Weyerhaeuser...
...AK Steel, Goodyear Tire and US Steel are at 84, 65 and 45 per cent, respectively....
...JPMorgan reduced its target price for FedEx 10 per cent to $105 and cut its 2012 earnings per share forecast for the company from $6.60 to $6....
...Shares in the company had added 4.6 per cent in early trading, but ended just 0.2 per cent higher at $24.48....
...Goodyear Tire & Rubber fell 5.7 per cent to $14.57, the third-biggest decline in the S&P, as the tyre maker said it had started a public offering of $435m of mandatory convertible preferred stock....
...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....
...The Industrial Energy Consumers of America, with members including Goodyear, International Paper, Kimberly-Clark and US Steel, said it was likely to file an objection to the Cheniere plan....
...Visa beat estimates but the company said that the US Department of Justice may sue the company over a policy that bars merchants from charging extra to customers who pay with credit cards....
...Goodyear Tire & Rubber Co lost 1.6 per cent to $13.82 even after reporting better-than-expected first-quarter results with rising revenues across all regions....
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