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Stock Market & Financial Investment News

News Breaks
April 26, 2013
07:33 EDTGTGoodyear Tire sees FY13 global operating income $1.4B-$1.5B
Goodyear is forecasting its 2013 tire unit volumes to be essentially at 2012 levels as a result of weak industry conditions, especially in Europe. For the full year of 2013 in North America, Goodyear now expects consumer replacement to be at essentially 2012 levels. The company's full year 2013 outlook in other North American market segments is unchanged. It expects consumer original equipment volumes to be up approximately 5 percent, while commercial replacement and original equipment are both expected to remain at about 2012 levels. For the full year in Europe, Middle East and Africa, Goodyear now expects consumer replacement to be at essentially 2012 levels. The company's full year 2013 outlook in other Europe, Middle East and Africa market segments is unchanged. It expects consumer original equipment volumes to be down approximately 5 percent, commercial replacement to be up approximately 5 percent and commercial original equipment to be flat to up 5 percent.
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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