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AKRON, Ohio— There's a report that Goodyear Tire& Rubber Co. plans to close an office in Argentina and move 30 to 50 jobs to Akron. DeShazior tells the Akron Beacon Journal for a story Tuesday that the office in Buenos Aires serves as a design hub in Latin America. DeShazior said Goodyear leaders shared the news with city officials Monday.
Lower oil prices mean challenges for oil companies, but the retail, airline and auto industry may see a boost to their bottom line.
*Third-quarter adj. shr 87 cents/ shr vs est 70 cents/ shr. Oct 29- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported a higher-than-expected quarterly profit as raw material costs fell in North America. We anticipate we're not going to see a big spike going into next year, " Goodyear Chief Executive Rich Kramer said in a conference call with analysts.
Oct 29- Goodyear Tire& Rubber Co reported a higher-than-expected quarterly profit as raw material costs fell in North America and the tire maker said it would buy back shares worth up to $150 million in the fourth quarter. Operating income from Goodyear's North America business, which accounts for 44 percent of its total revenue, rose 30 percent in the third...
The left-leaning Guardian bemoaned: "No one can conceive of Renault, Fiat or indeed BMW fattening themselves up after years of emaciation, ready for sell-off to a foreign rival." The blow to British pride was made all the more acute by the success of France, where Peugeot and Renault were speeding ahead.
Aug 7- Cargill Inc, a top global commodities trader, said on Thursday its quarterly earnings fell as drought limited farm services opportunities in the United States and due to a loss stemming from the drop in the value of Venezuela's currency. Plains states, which have similarly impacted rival agribusinesses Archer Daniels Midland Co and Bunge Ltd..
July 30- Goodyear Tire& Rubber Co, the biggest U.S. tire maker, reported lower-than-expected quarterly revenue as it sold fewer tires to vehicle makers in North America and Latin America. Goodyear shares fell as much as 8.8 percent $25.22, their biggest intraday percentage decline in nearly two years.
Some of Wednesday's midday movers:
July 30- Goodyear Tire& Rubber Co, the biggest U.S. tire maker, reported lower-than-expected quarterly revenue as it sold fewer tires to automakers in North America and Latin America. Total replacement tire shipments, however, rose 6 percent, Goodyear said. Excluding items, Goodyear earned 80 cents per share.
Stock futures pointed to a higher open on Wall Street after data had the economy growing 4 percent in the second quarter.
July 30- Goodyear Tire& Rubber Co, the biggest U.S. tire maker, reported a higher quarterly profit on increased demand for replacement tires. Net income available to the company's shareholders increased about 18 percent to $213 million, or 76 cents per share, in the second quarter ended June 30, from $181 million, or 67 cents per share, a year earlier.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
NEW YORK, July 16- Even fund managers' best ideas are not working out this year.
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Some of Thursday's midday movers:
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Some of Tuesday's midday movers: