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Stock Market & Financial Investment News

News Breaks
May 15, 2014
10:40 EDTCTBCooper Tire sees returning to growth after a challenging 2013
In a slides presentation for its investor day presentation, the company noted that it expects to further grow cash to fund business and other uses. Also noted in the presentation is progress made in winning OE supply agreements in China.
News For CTB From The Last 14 Days
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January 22, 2015
08:04 EDTCTBChinese anti-dumping tariffs positive for tire companies, says Deustche Bank
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07:43 EDTCTBGoodyear rises after U.S. sets dumping margins on Chinese tire makers
The U.S. Department of Commerce announced its affirmative preliminary determination in the antidumping duty investigation of imports of certain passenger vehicle and light truck tires from the People’s Republic of China. Commerce preliminarily determined that imports of certain passenger vehicle and light truck tires from China have been sold in the U.S. at dumping margins ranging from 19.17% to 87.99%. Mandatory respondents Giti Tire Global Trading and Sailun Group received preliminary dumping margins of 19.17% and 36.26%, respectively. All other producers/exporters in China received a preliminary dumping margin of 87.99%. Shares of Goodyear Tire (GT) are up 1.7% in pre-market trading following the determination, while Cooper Tire (CTB) is up 0.7%.

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