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Stock Market & Financial Investment News

News Breaks
January 31, 2013
07:11 EDTBRDCY, GT, CTBTire makers face higher costs, Bloomberg reports
Diminishing rubber supplies and record car sales are extending a five-month bull market thatís poised to raise costs for tire makers (GT, BRDCY, CTB), reports Bloomberg.Reference Link
News For GT;BRDCY;CTB From The Last 14 Days
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April 24, 2015
13:20 EDTGTGoodyear Tire to build tire factory in Mexico
The Goodyear Tire & Rubber Company announced it will build a new tire factory in San Luis Potosi, Mexico to serve its customers in the Americas. The new factory, combined with investments in its existing U.S. and Canadian factories, will enable Goodyear to meet the strong and growing market demand for high-value-added, or HVA, consumer tires in North America and Latin America. Industry demand for HVA tires in these regions is expected to increase by 10M tires per year from 2014-2019. Total capital investment for the project will be approximately $500M-$550M, net of government incentives, and is consistent with the company's existing capital allocation plan. Its outlook for 2015 and 2016 capital expenditures remains unchanged at $1.1B and $1.2B-$1.3B, respectively.
06:28 EDTGTGoodyear Tire plans to put plant in San Luis Potosi, Mexico, Reuters says
Goodyear Tire is planning to invest $550M in a new tire plant in San Luis Potosi, Mexico, reports Reuters, citing two people familiar with the matter. Reference Link
April 20, 2015
10:00 EDTCTBOn The Fly: Analyst Downgrade Summary
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08:24 EDTCTBCooper Tire downgraded to Neutral from Buy at SunTrust
SunTrust downgraded Cooper Tire to Neutral and removed it from the Top Pick list to reflect balanced risk/reward. The firm said it has been surprised by the lack of recent price increases and has a more moderated views of upside scenarios. Price target remains $46.

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