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News Breaks | | | | September 21, 2012 | | 06:39 EDT |  | GT | Goodyear Tire downgraded to Hold from Buy at KeyBanc
Keybanc downgraded Cooper Tire (CTB) and Goodyear Tire (GT) based on Chinese tariff expiration uncertainty, declining tire pricing, increased shipments of lower tiered tires, and valuations. | |
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News For GT From The Last 14 Days Check below for free stories on GT the last two weeks. |
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| June 12, 2013 | | 16:20 EDT |  | GT | On The Fly: Closing Wrap
Stocks on Wall Street were lower despite opening sharply higher as the market looked to avoid its first three day losing streak of the year. Downside momentum quickly took hold however, and the averages moved steadily lower through the session, moving to their lows in the final hour of trading but finishing just off those levels. ECONOMIC EVENTS: In the U.S., the MBA's purchase applications composite index rose 5.0% for the week. The U.S. posted a $139B May budget deficit against expectations for a $130B deficit, and compared to a $124.6B deficit a year ago. In Europe, factory production in the 17-nation euro area rose 0.4% in April from March, compared to expectations for it to remain unchanged. COMPANY NEWS: Cooper Tire (CTB) agreed to be acquired by India's Apollo Tyres for $35.00 per share in cash, or $2.5B. Cooper shares surged $10.10, or 41.12%, to $34.66 to trade near $34.50 following the deal announcement, while peer Goodyear Tire (GT) advanced about 33c, or 2.26%, to $14.93... Live Nation (LYV) shares gained $2.33, or 16.84%, to $16.17 after the company announced it prevailed in an arbitration ruling related to a ticketing license software agreement... MAJOR MOVERS: Among the notable gainers was Ulta Salon (ULTA), up $12.51, or 14.87%, to $96.64 following its quarterly earnings report. Also higher was Health Management (HMA), up $1.58, or 11.34%, to $15.51 after Glenview Capital said in a filing it is seeking to repeal a provision that prevents entities from holding more than 15% of the company's stock and saying it would look to nominate candidates to the company's board. Among noteworthy losers was Biogen (BIIB), down $16.48, or 7.39%, to $206.55 after the stock was downgraded to Neutral from Buy at Citigroup, which cited concerns that EU medical regulators are unlikely to approve the company's multiple sclerosis treatment. Also lower were U.S.-listed shares of Vodafone (VOD), down 71c, or 2.47%, to $28.12 after the company confirmed it approached Kabel Deutschland about a possible deal. INDICES: The Dow was down 126.79, or 0.84%, to 14,995.23; the S&P 500 was down 13.61, or 0.84%, to 1,612.52; the Nasdaq was down 36.52, or 1.06%, to 3,400.43. | | | 12:27 EDT | | GT | On The Fly: Midday Wrap
 Subscribe for More Information | | | 09:07 EDT |  | GT | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:29 EDT |  | GT | Goodyear Tire volatility up into Cooper Tire acquired by Apollo Tyres for $2.5B
Subscribe for More Information | | | 07:57 EDT | | GT | Goodyear Tire up 9% after peer Cooper Tire gets bought out
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