Tires and Rubber
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AKRON, Ohio-- Myers Industries Inc. said Wednesday that one of its subsidiaries reached a deal to enter into a joint venture with India- based TVS Automobile Solutions Ltd.. The news comes on the same day that India's Apollo Tyres Ltd. announced plans to buy Ohio- based tire maker Cooper Tire& Rubber Co. for about $2.22 billion.
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The acquisition would create the world's seventh largest tire company, reports CNBC's David Faber.
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June 12- India's Apollo Tyres Ltd said it would buy U.S.-based Cooper Tire& Rubber Co for about $2.5 billion in a deal that would make it the world's seventh-largest tire maker. Apollo's cash offer of $35 per share represents a premium of about 43 percent to Cooper's closing price on Tuesday on the New York Stock Exchange.
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June 12- Indian tire manufacturer Apollo Tyres Ltd said it would buy Cooper Tire& Rubber Co for about $2.5 billion.
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VENICE, Italy, June 7- Italian tyre maker Pirelli is looking for new industrial partnerships that will enable it to grow more quickly in Asia, Chairman Marco Tronchetti Provera said on Friday.
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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.
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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.
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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."
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Workers at a dying French tire factory who have become the butt of American jokes staged a last-ditch protest to save their jobs.
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*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.
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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.
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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.
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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.
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*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.
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*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.
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*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.
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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.
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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.
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*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.
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*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.
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