Tires and Rubber

More

• Italy - Factors to watch on May 6 Monday, 6 May 2013 | 12:00 AM ET

  STOCK MARKET AND BOARD MEETINGS ITALY- Ex-dividend: Banca Ifis 0.37 euro per ordinary share; Banca Popolare di Sondrio 0.033 euro per share; Banca Profilo 0.002 euro per share; B&C Speakers 0.28 euro per share; CAD IT 0.30 euro per share; Conafi Prestito 0.06 euro per share; Credito Bergamasco 0.55 euro per share; Elica 0.237 euro per share; Esprinet 0.089 euro per ordinary share; Gruppo MutuiOnline 0.05 euro per share as ordinary dividend and 0.07 euro per share as extraordinary dividend; Save 0.43672 euro per share; Valsoia 0.170 euro per share.

• UPDATE 2-Goodyear profit strong, but still sees weak demand Friday, 26 Apr 2013 | 1:14 PM ET

  DETROIT, April 26- Goodyear Tire& Rubber Co on Friday posted a stronger-than-expected quarterly profit as lower raw material costs and increased sales of higher-priced tires offset weakness in Europe, but the company warned industry demand would remain weak.

• Goodyear posts stronger-than-expected profit Friday, 26 Apr 2013 | 7:41 AM ET

  DETROIT, April 26- Goodyear Tire& Rubber Co on Friday posted a stronger-than-expected quarterly profit as record results in North America and Asia offset weakness in Europe. Excluding a 37- cent loss resulting from the devaluation of the Venezuelan currency and other one-time items, Goodyear earned 45 cents a share.

• Southern Europe’s Recession Spreads North Friday, 26 Apr 2013 | 1:37 AM ET

  

  When Daimler said this week that it had finally been caught in the downdraft of the European economic crisis, it was an ominous sign for all of the Continent, the NYT reports.

• Nikkei posts modest gain as yen falters, profit taking caps rally Thursday, 7 Mar 2013 | 2:48 AM ET

  TOKYO, March 7- Japan's Nikkei average rose to a 4-1/ 2- year high for a second day in a row on Thursday, boosted index failed to close above the key 12,000- mark. It is absolutely normal for investors to lock in gains amid a sense of achievement after hitting 12,000, "said Fumiyuki Nakanishi, general manager of investment and research at SMBC Friend Securities."

• 'Lazy' French Tire Plant Workers Protest  Wednesday, 27 Feb 2013 | 1:45 AM ET

  

  Workers at a dying French tire factory who have become the butt of American jokes staged a last-ditch protest to save their jobs.

• In China, rubber-for-loans bet at risk from economy, car sales Tuesday, 26 Feb 2013 | 4:00 PM ET

  *China may see slower growth in rubber imports this year. The financing deals, which have pushed rubber stocks in China to at least 3- year highs, are based on the expectation that China's economy will grow faster this year and traders who are in such deals would benefit from a rise in prices of rubber or other assets they invest in using the loans.

• US CEO Blasts 'Three Hours a Day' French Workers Wednesday, 20 Feb 2013 | 8:44 AM ET

  

  The head of U.S. tire maker Titan launched a vitriolic attack on French productivity after the country’s government suggested he buy a factory in the north of France.

• "Keep your so-called workers," U.S. boss tells France Wednesday, 20 Feb 2013 | 8:04 AM ET

  PARIS, Feb 20- The CEO of a U.S. tyre maker has delivered a crushing summary of how some outsiders view France's work ethic in a letter saying he would have to be stupid to take over a factory whose staff only put in three hours work a day.

• UPDATE 1-"Keep your so-called workers," U.S. boss tells France Wednesday, 20 Feb 2013 | 12:09 AM ET

  PARIS, Feb 20- The CEO of a U.S. tyre maker has delivered a crushing summary of how some outsiders view France's work ethic in a letter saying he would have to be stupid to take over a factory whose staff only put in three hours work a day.

• Nikkei down as Aso plays down foreign bond buy talk, Fanuc weighs Tuesday, 19 Feb 2013 | 2:20 AM ET

  *Fanuc's fall weighs on index. *Bridgestone pulls up tyre companies on strong earnings. TOKYO, Feb 19- Japan's Nikkei share average edged down on Tuesday as Japanese Finance Minister Taro Aso played down talk of foreign bond buying by the central bank, while index heavyweight Fanuc Corp dropped on weak machine tool orders from China.

• Tokyo shares lack direction, Fanuc weighs on Nikkei Monday, 18 Feb 2013 | 10:44 PM ET

  *Bridgestone pulls up tyre companies on strong earnings. TOKYO, Feb 19- Japan's Nikkei share average edged down in morning trade on Tuesday as heavyweight Fanuc Corp weighed after weak machine tool orders data from China was issued, while investors were reluctant to move ahead of major events on the horizon.

• Nikkei drops as Fanuc weighs after weak China sales data Monday, 18 Feb 2013 | 9:04 PM ET

  *Bridgestone pulls up tyre companies on strong earnings. TOKYO, Feb 19- Japan's Nikkei share average edged down in early trade on Tuesday as investors awaited the appointment of a new Bank of Japan governor, while Fanuc Corp weighed after data showed a sharp drop in machine tool orders to China.

• US STOCKS-Wall St edges up ahead of Obama speech as housing gains Tuesday, 12 Feb 2013 | 1:29 PM ET

  NEW YORK, Feb 12- U.S. stocks edged higher on Tuesday, with the S&P 500 holding near multi-year highs ahead of President Barack Obama's State of the Union address, as housing stocks advanced. The economy will be a major topic of Obama's speech before a joint session of Congress set for 9 p.m.. The S&P 500 has risen in the past six weeks and is up 6.7 percent so far this year.

• US STOCKS-Wall St pauses after gains, awaits Obama address Tuesday, 12 Feb 2013 | 11:45 AM ET

  NEW YORK, Feb 12- U.S. stocks were little changed on Tuesday, with the S&P 500 holding near multi-year highs ahead of President Barack Obama's State of the Union address. The economy will be a major topic of Obama's speech before a joint session of Congress set for 9 p.m.. The S&P 500 has risen in the past six weeks and is up 6.5 percent so far this year.

• US STOCKS-Wall St set to open flat, Obama speech awaited Tuesday, 12 Feb 2013 | 9:17 AM ET

  *Goodyear profit tops estimates, but tire company cuts outlook. "Things are really quiet, waiting to see what the marching orders are for the next four years," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Equities were mostly flat on Monday but the trend for the S&P 500 has been upward during six straight weeks of gains.

• US STOCKS-Futures dip before Obama speech, Coca-Cola shares off Tuesday, 12 Feb 2013 | 8:30 AM ET

  *Goodyear profit tops estimates, but tire company cuts outlook. "Things are really quiet, waiting to see what the marching orders are for the next four years," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Equities were mostly flat on Monday but the trend for the S&P 500, after six straight weeks of gains, has been upward.

• UPDATE 1-Goodyear profit tops expectations, but outlook is cut Tuesday, 12 Feb 2013 | 8:20 AM ET

  Feb 12- Goodyear Tire& Rubber Co, the top U.S. tire maker, posted a stronger-than-expected quarterly profit on Tuesday but cut its 2013 forecast due to weakness in the European automotive market.

• Goodyear posts stronger-than-expected results, but cuts outlook Tuesday, 12 Feb 2013 | 7:41 AM ET

  Feb 12- Goodyear Tire& Rubber Co, the top U.S. tire maker, on Tuesday posted a stronger-than-expected quarterly profit, but cut its 2013 forecast due to weakness in the European automotive market. Excluding one-time items, Goodyear earned 39 cents a share, almost double the 20 cents analysts polled by Thomson Reuters I/B/E/S had expected.

• Hedge funds jostling to bet against France's Peugeot Friday, 25 Jan 2013 | 12:11 AM ET

  LONDON, Jan 25- Hedge fund short-sellers have hoovered up nearly all available shares in Peugeot in their scramble to bet the French carmaker will be an early victim in an industry struggling to overcome a collapse in European sales.