The SEC said that Goodyear failed to prevent or detect more than $3.2 million in bribes in Kenya and Angola.» Read More
WASHINGTON— Goodyear will pay about $16 million to settle federal regulators' charges that it failed to prevent persistent bribery in Kenya and Angola aimed at winning tire sales. The Securities and Exchange Commission announced the settlement Tuesday with Goodyear Tire& Rubber Co., one of the world's biggest tire makers. The SEC said Goodyear's...
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Waste Management Inc., up $2.65 to $53.94. Restaurant Brands International Inc., up $3.38 to $42.12.
Indexes had languished for much of the day Tuesday as investors worried that Greece wouldn't reach an agreement with its creditors. U.S. markets were closed Monday for Presidents Day. Goodyear Tire& Rubber rose 3 percent after reporting a jump in profit.
The Standard and Poor's 500 fell two points, or 0.1 percent, to 2,095 as of 11:45 a.m. Eastern time. Goodyear Tire& Rubber rose 3 percent after the company reported a jump in profit. The price of oil fell $1.17 to $51.59 a barrel.
Feb 17- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported a slightly better-than-expected quarterly profit, helped by lower rubber and oil prices. The company, whose brands include Goodyear, Dunlop, Sava and Fulda, said its cost of sales fell 9 percent in the fourth quarter compared with the same quarter of 2013.. Goodyear, whose shares rose more than 4...
NEW YORK— U.S. stocks closed slightly higher Tuesday as investors continued to monitor talks between Greece and its creditors in hopes that a deal will be reached to keep the country from falling out of the eurozone. Stock indexes had been lower most of the day, but recovered their losses on reports that progress was being made between Greece and its creditors.
Feb 17- Goodyear Tire& Rubber Co reported a 9 percent drop in quarterly revenue due to lower shipments of replacement tires in Europe, which the company blamed on a milder-than-expected winter. Goodyear, whose brands include Dunlop, Sava and Fulda tires, said its revenue fell to $4.36 billion in the fourth quarter ended Dec. 31 from $4.79 billion a year earlier.
AKRON, Ohio— The Goodyear Tire& Rubber Co. reported a sharp jump in its fourth-quarter net income, thanks to a $2 billion tax credit that offset unfavorable currency conditions and weak sales in Europe, the Middle East and Africa. Shares of Goodyear rose more than 4 percent in premarket trading Tuesday. The company said sales were hurt by $256 million due to a...
Jim Cramer outlines his game plan for next week, noting that major bucks could be made if an educated risk is taken on this event.
The "Fast Money" traders give their final trades of the day.
Some of Friday's midday movers:
*KB Home forecasts drop in gross margins. Shares of homebuilders fell 1.5 percent after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home dropped 16.3 percent to $13.87, its biggest percentage fall since 1992..
*Materials drag, led by Freeport McMoran. Copper prices dropped further below $6,000 per tonne to their weakest level in more than five years, while oil prices extended losses in U.S. afternoon trading. So it's this fear of lower commodity prices leading to global deflation which is leading this nervousness, "said Peter Cardillo, chief market economist at...
*Alcoa erases early gains after earnings; materials drag. Shares of homebuilders fell broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.
*Alcoa erases early gains after earnings. But the market was well off its highs for the session, with shares of homebuilders falling broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.
Some of Tuesday's midday movers:
*KB Home lifts housing index after earnings. NEW YORK, Jan 13- U.S. stocks rallied on Tuesday to bounce from a two-day decline as financial results from Alcoa helped ease some investor worry regarding the corporate earnings season. Alcoa Inc reported a higher-than-expected quarterly profit due to automotive demand, higher aluminum prices and lower energy...
*Alcoa up in premarket after results. NEW YORK, Jan 13- U.S. stocks were poised for a higher open on Tuesday after the S&P 500 fell for a second consecutive session, as financial results from Alcoa helped ease some investor jitters regarding the corporate earnings season. Alcoa Inc gained 1.9 percent to $16.48 before the opening bell.