The Goodyear Tire & Rubber Co
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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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When Venezuela announced a surprise devaluation last Friday, some big companies took hits to earnings. Could they have been better prepared?
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Drugmaker Merck said Wednesday that the devaluation of Venezuela's currency will reduce its net income by about $200 million this year.
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*Avon Products soars after results, housing also higher. NEW YORK, Feb 12- U.S. stocks edged higher on Tuesday, putting the Dow within striking distance of all-time highs as investors looked ahead to President Barack Obama's State of the Union address, which is expected to focus on the economy.
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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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*Barclays rises 8.6 pct, drives peers as it pledges overhaul. LONDON, Feb 12- UK banks led European shares higher on Tuesday after Britain's third biggest lender, Barclays, unveiled swingeing cost cuts and a strategic overhaul that fuelled expectations its peers would follow suit.
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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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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.
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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.
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President Barack Obama's State of the Union speech Tuesday could drive market focus straight to the next skirmish in the budget and deficit battle with Congress, depending on his tone.
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NEW YORK, Oct 26- U.S. stocks edged lower on Friday, as investors fretted about Apple's weaker-than-expected results- the latest in a string of lackluster earnings- and signs that economic growth is still not strong enough to make a significant reduction in unemployment. Apple's stock lost 1.4 percent to $601.18.
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MORE DECLINES: Commodities prices were broadly lower on the latest weak signals for the U.S. economy: more poor earnings reports from major companies like Goodyear, and only tepid growth in GDP in the third quarter. METALS SLIDE: Gold fell $1.10 to settle at $1,711.90 an ounce, silver fell 4.20 cents to $32.036 an ounce and palladium fell $9.10 to $595.40 an ounce.
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NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Arch Coal Inc., up 78 cents at $8.09. Goodyear Tire& Rubber Co., down $1.28 at $11.02.
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*Dow off 0.3 pct, S&P 500 off 0.5 pct, Nasdaq off 0.6 pct. NEW YORK, Oct 26- U.S. stocks fell on Friday, as investors fretted about Apple's weaker-than-expected results- the latest in a string of lackluster earnings- and signs that economic growth is still not strong enough to make a significant reduction in unemployment.
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Stocks are closing mostly lower after another batch of weak earnings reports weighs on the market. Poor earnings from Goodyear, Verisign, Interpublic and other companies disappointed investors. Three stocks fell for every two that rose on the New York Stock Exchange.
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Stocks were weak for most of the day following poor results from Goodyear Tire, Interpublic and other companies. December silver fell 4.20 cents to $32.036 an ounce and December palladium fell $9.10 to $595.40 an ounce. In energy trading, benchmark oil rose 23 cents to end at $86.28 per barrel in New York.
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*Arch Coal surges after results. ``The fact that this was a two percent GDP number is still pathetic in the overall scheme of life- we ought to be growing at four percent, not two percent,'' said Phil Orlando, chief equity market strategist, at Federated Investors, in New York.