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Auto Components Tires and Rubber

  • The U.S. International Trade Commission said subsidized bus and truck tires imported from China had not damaged the U.S. industry.

  • TOKYO, Feb 20- Japanese shares fell for a third consecutive session on Monday as the yen's gains and uncertainty about U.S. economic policies prompted profit-taking. The Nikkei dropped as much as 0.6 percent to 19,115-- its lowest level since Feb. 9-- where it had a pivotal technical support from the top of Ichimoku cloud, which stood at 19,114.. But even taking that...

  • TOKYO, Feb 20- Japanese shares fell for a third consecutive session on Monday as the yen's gains and uncertainty about U.S. economic policies prompted profit-taking. The Nikkei dropped as much as 0.6 percent to 19,115-- its lowest level since Feb. 9-- where it had a pivotal technical support from the top of Ichimoku cloud, which stood at 19,114.. But even taking that...

  • FINDLAY, Ohio _ Cooper Tire& Rubber Co. on Friday reported fourth-quarter profit of $69.3 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share. Five analysts surveyed by Zacks expected $767.3 million.

  • PARIS, Feb 14- Michelin said an upturn in mining sector demand for its outsize earthmover tires will help to increase earnings this year, as the French tire maker posted a 4.5 percent gain in operating profit for 2016.. Chief Executive Jean-Dominique Senard said 2017 would be "another year of growth in line with the group's 2020 objectives." Weaker pricing reduced...

  • PARIS, Feb 14- Michelin said an upturn in mining sector demand for its outsize earthmover tires will help to lift profits this year, as the French tire maker posted a 4.5 percent increase in operating profit for 2016.. The company recorded 2.69 billion euros in recurring operating income, lifting the full-year operating margin to 12.9 percent from 12.2 percent.

  • RICHMOND, Va.— Goodyear will pay $1.75 million to settle workplace health and safety violations at its Danville, Virginia, tire plant where four workers died on the job over the course of a year, officials announced Friday. Goodyear, the United Steelworkers and the state Department of Labor and Industry reached a settlement agreement calling for the penalty and...

  • *Signals growing protectionist sentiment in Italy. ROME, Feb 8- Italy's government is concerned about the vulnerability of its companies to foreign takeover, particularly those it considers of national importance, and is moving to defend them. Rome is drafting new corporate transparency rules to force buyers who build up significant minority stakes in...

  • Feb 8- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported lower-than-expected quarterly sales on Wednesday, as it shipped fewer tires in the Americas, its biggest market. The company said shipments in the Americas fell 4.6 percent, hurt by a continued decline in U.S. heavy-duty truck production as a result of over capacity in the market.

  • Feb 8- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported a 7.9 percent decline in quarterly sales on Wednesday, as it shipped fewer tires in the Americas, its biggest market. Goodyear reported a net income of $561 million, or $2.14 per share, in the fourth quarter ended Dec. 31, compared with a loss of $380 million, or $1.42 per share, a year earlier.

  • LONDON, Feb 2- European equities fell on Thursday, with companies such as Germany's Deutsche Bank and Denmark's Novo Nordisk leading the broader market lower after their results failed to cheer investors. The European auto index, down 1.2 percent, was the biggest sector decliner as Mercedes maker Daimler fell 4 percent after its fourth-quarter results missed...

  • Floods in the world’s largest natural rubber producer Thailand are expected to boost the price of a commodity that is vital to tire production.

  • Rubber prices are bouncing back: Expert

    Nirgunan Tiruchelvam, director at Religare Capital Markets, says that automobile demand in China should spur higher rubber prices.

  • CARACAS, Jan 24- The Venezuela division of tire maker Pirelli plans to halt its local operations for two weeks starting on Jan. 30 due to a lack of raw materials, the company said on Tuesday. Pirelli, which was founded in Italy but acquired by China National Chemical Corp in 2015, said it had been able to obtain raw materials last year via a bilateral Venezuela- China...

  • CARACAS, Nov 15- Multinational companies are selling their Venezuelan operations at hefty discounts- or even giving them away- as they to seek to escape the OPEC nation's soaring inflation and chronic supply shortages. One company, U.S. autoparts-maker Dana, last year sold its debt-laden Venezuela operations to a local buyer for no cash compensation.

  • TOKYO, Nov 14- Japan's Nikkei rose on Monday as a sagging yen bolstered exporter shares while expectations that U.S. President-elect Donald Trump's policies will stoke inflation and upbeat economic data at home underpinned financials and the market's outlook. "Markets are relieved to see a decisive end to the U.S. presidential election with Donald Trump...

  • MILAN, Nov 1 (Reuters)- European shares fell for a seventh straight day on Tuesday, led lower by weaker financial stocks, as uncertainty about next week's U.S. presidential election weighed. Traders said uncertainty over the U.S. vote was fuelled by a Washington Post-ABC News poll that gave Republican candidate Donald Trump a slight lead over his rival Hillary...

  • *STOXX 600 falls 0.3 percent. LONDON, Nov 1- European shares edged lower in choppy trade on Tuesday, set for a seventh straight session of falls, with Shell and BP heading in opposite directions after both oil majors reported quarterly results. With Shell, the overall picture is far more encouraging for investors, " Chris Beauchamp, market analyst at IG, said.

  • LONDON, Nov 1- European shares rose on Tuesday and were on track to snap a six- session losing streak with Shell providing the biggest boost to the index following forecast-beating results. Royal Dutch Shell rose 3.7 percent after the oil major reported an 18 percent rise in underlying net profit, beating analysts forecasts and saying that next year's capital...

  • Akron, Ohio- based Goodyear cut its full-year unit sales growth forecast for tires to a range of 1-2 percent this year from about 3 percent. The company also lowered its 2016 operating income expectations to between $2 billion and $2.025 billion from $2.1 billion- $2.2 billion. "The U.S. commercial truck industry continues to be affected by weak volumes," Chief...