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Tires and Rubber

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  • Goodyear's 3Q profit falls, but beats expectations Wednesday, 29 Oct 2014 | 8:52 AM ET

    AKRON, Ohio— Goodyear Tire's third-quarter net income fell 3 percent as tire sales fell around the world, but its adjusted earnings easily beat Wall Street expectations. Goodyear reported net income of $161 million, or 58 cents per share, in the quarter ending Sept. 30, compared with $166 million, or 62 cents per share, in the same quarter a year ago.

  • Caterpillar Inc and 3 M Co, both Dow components, reassured investors that multinationals can deliver solid earnings despite concerns about global economic growth. Shares of Caterpillar, which raised its full-year earnings outlook, rose 4.9 percent, while 3 M shares jumped 5.7 percent. "If we're looking at headwinds like currency and slowing global growth,...

  • Wall Street lifts European shares despite earnings drag Thursday, 23 Oct 2014 | 10:00 AM ET

    *Michelin and Unilever fall, flagging weak EM demand. EDINBURGH, Oct 23- European stocks edged higher in choppy trade on Thursday, buoyed by strength on Wall Street but hindered by weak corporate results from companies including French tyre-maker Michelin. Michelin and Unilever cited poor demand from emerging markets as the former cut its full-year revenue...

  • *Mixed morning in Europe after Asia shares slide. LONDON, Oct 23- European and Asian stock markets ground lower on Thursday, worries over banks and corporate results again darkening the mood despite a surprisingly upbeat survey of Germany's manufacturing and service sectors. French tire maker Michelin and Unilever cited poor demand from emerging markets in...

  • *Michelin and Unilever fall, flagging weak EM demand. EDINBURGH, Oct 23- European stocks fell on Thursday, hindered by weak corporate results from companies including French tyre-maker Michelin, despite receiving support from better-than-expected euro zone business activity data. Michelin and Unilever cited poor demand from emerging markets as the former...

  • *Michelin, Unilever fall, flag weak EM demand. Michelin and Unilever cited poor demand from emerging markets as the former cut its full-year revenue goal and the latter reported weaker-than-expected quarterly sales. Unilever's London- listed shares were down 2.4 percent, while Michelin shed 3.6 percent.

  • LONDON, Oct 23- European stocks fell early on Thursday as weak results from French tyre-maker Michelin and consumer goods group Unilever added to a subdued tone for global equities overnight. Unilever fell 3 percent in London by 0705 GMT after it reported a weaker-than-expected 2.1 percent rise in third-quarter sales on Thursday as a slowdown in emerging...

  • MUMBAI, Oct 17- Indian natural rubber output is likely to drop over 10 percent in 2014/ 15 from the previous crop year, hit by heavy rain in key growing regions and as farmers suspend tapping due to lower prices, the head of the country's top producer said. The spot price of India's most traded RSS-4 rubber has fallen over a quarter so far in 2014 to 12,250 rupees per 100...

  • LONDON, Sept 19- Investors are piling into European banks and exporters, betting that the European Central Bank will crank up the money printing presses to tackle stubbornly low inflation.

  • *Russia- exposed shares outperform as ceasefire is agreed. Shares exposed to Russia outperformed, however, as representatives of Ukraine, the pro-Russian separatist leadership, Russia and the OSCE security watchdog agreed on a ceasefire.

  • FACTBOX-Tyre rubber from dandelions Wednesday, 20 Aug 2014 | 3:30 AM ET

    Aug 20- Tyre makers such as Bridgestone Corp and Continental AG are spending millions of dollars on the development of new rubber-yielding crops such as dandelions to reduce their reliance on rubber-tree plantations in Southeast Asia. Here are key facts about the rubber trade and the research into new sources of natural rubber.

  • FEATURE-Tyre makers race to turn dandelions into rubber Wednesday, 20 Aug 2014 | 3:30 AM ET

    *Dandelion native to Kazakhstan yields tyre-grade rubber. MUENSTER, Germany, Aug 20- Dutch biologist Ingrid van der Meer often meets with disbelief when she talks about her work on dandelions and how it could secure the future of road transport.

  • FACTBOX-Tire rubber from dandelions Wednesday, 20 Aug 2014 | 3:30 AM ET

    Aug 20- Tire makers such as Bridgestone Corp and Continental AG are spending millions of dollars on the development of new rubber-yielding crops such as dandelions to reduce their reliance on rubber-tree plantations in Southeast Asia. Here are key facts about the rubber trade and the research into new sources of natural rubber.

  • Ebola panic may give these stocks a fillip … Wednesday, 13 Aug 2014 | 6:35 PM ET

    Shares of Malaysia's latex glove makers have had a tough year so far, but some analysts expect panic over Africa's Ebola outbreak may spur gains.

  • *Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. Tensions between the West and Russia and the advance of Sunni militants in Iraq have alarmed investors already weighing the implications of weak European economic data and the prospect of U.S. monetary tightening.

  • *Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. London- listed oil producer Afren said it had suspended output at its Barda Rash oilfield, the first to shut in Iraqi Kurdistan.

  • European shares weaken on concerns over Iraq Friday, 8 Aug 2014 | 8:00 AM ET

    *Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. President Barack Obama authorized air strikes in Iraq.

  • *Afren sinks after suspends output from Kurdistan. *Nokian Renkaat hit by plummeting sales in Russia. *Monte dei Paschi falls after results.

  • PARIS, Aug 1- European stocks fell on Friday for the third straight session in brisk trade, with a broad index hitting a 3-1/ 2 month low as tension between Russia and the West as well as concerns around losses at Banco Espirito Santo gnawed at sentiment.

  • Continental 'outgrowing its market': CFO     Thursday, 31 Jul 2014 | 4:30 AM ET

    Wolfgang Schaefer, CFO at Continental AG, comments on the company's results and outlook, and discusses the impact the strong euro has had on the group's profitability.