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Stock Market & Financial Investment News

News Breaks
January 15, 2013
12:59 EDTGTGoodyear Tire says plant expansions to begin to impact earnings in 2-3 years
Sees Chile expansion complete in 2013, Brazil expansion complete in 2014. Sees China plant in Pulandian complete in 2013. Comments from slides that will be presented at the Deutsche Bank Global Auto Industry Conference.
News For GT From The Last 14 Days
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January 28, 2015
09:59 EDTGTOn The Fly: Analyst Downgrade Summary
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07:47 EDTGTGoodyear Tire downgraded at SunTrust
As previously reported, SunTrust downgraded Goodyear Tire to Neutral from Buy. The firm lowered estimates due to weaker mining datapoints and pending changes to Venezuela's currency system. Price target lowered to $28 from $34.
06:05 EDTGTGoodyear Tire downgraded to Neutral from Buy at SunTrust
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January 23, 2015
10:54 EDTGTGoodyear Tire recalls 48,500 SUV tires after finding small tread cracks, AP says
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January 22, 2015
08:04 EDTGTChinese anti-dumping tariffs positive for tire companies, says Deustche Bank
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07:43 EDTGTGoodyear 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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