International Business News - Tire http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Arkansas and Texas are working on an incentive package to convince Cooper Tire & Rubber Co. to keep open its tire plant in Texarkana, Gov. Mike Beebe said Wednesday. http://www.ibtimes.com/articles/20081203/governor-ark-officials-trying-to-keep-tire-plant.htm Wed, 03 Dec 2008 16:42:30 EST Shares of tiremaker Cooper Tire & Rubber Co. rebounded Thursday after an analyst upgraded the stock, saying it is fairly priced following a steep, three-day decline. http://www.ibtimes.com/articles/20081113/keybanc-capital-lifts-rating-on-cooper-tire.htm Thu, 13 Nov 2008 16:02:05 EST Cooper Tire & Rubber Co. said Friday it posted a third-quarter loss, compared with a year-ago profit, as soaring raw material and energy costs offset growth in sales and increased market share. http://www.ibtimes.com/articles/20081107/cooper-tire-posts-3rd-quarter-loss-as-costs-rise.htm Fri, 07 Nov 2008 08:34:38 EST Among the earnings stories for Monday, Nov. 3, from AP Financial News: AKRON, Ohio (AP)--Goodyear Tire & Rubber Co. said Monday its third-quarter earnings dropped sharply from a year ago, when it got a $517 million one-time lift from the sale of its Engineered Products unit. http://www.ibtimes.com/articles/20081103/earnings-roundup-goodyear-tire-rubber-belo.htm Mon, 03 Nov 2008 11:36:20 EST Cooper Tire & Rubber Company said Friday that it has extended the contract with USW Local 207L through Nov. 21 to allow for continued contract discussion with the labor group. http://www.ibtimes.com/articles/20081031/contract-talks-extended-with-cooper-tire-and-union.htm Fri, 31 Oct 2008 19:05:42 EDT The government is investigating more than 1 million Ford Motor Co. vehicles after receiving reports of tires leaking from faulty valve stems made by a Chinese company. http://www.ibtimes.com/articles/20081021/government-investigating-faulty-ford-tire-valves.htm Tue, 21 Oct 2008 16:41:03 EDT Cooper Tire & Rubber Co. said Tuesday it launched a capacity study of its U.S. manufacturing facilities that will likely lead to consolidation or restructuring. http://www.ibtimes.com/articles/20081021/cooper-tire-says-overcapacity-may-lead-to-cuts.htm Tue, 21 Oct 2008 16:14:51 EDT Goodyear and NASCAR officials say tire wear has improved significantly during this week's testing at Indianapolis. This is the second test conducted at the Indianapolis Motor Speedway since July's Allstate 400 turned into a series of 10- to 12-lap sprints because the tires wore out. http://www.ibtimes.com/articles/20081007/nascar-making-progress-with-tires-at-indy.htm Tue, 07 Oct 2008 15:38:06 EDT Cooper Tire & Rubber Co. estimates shortages caused by Gulf Coast hurricanes cost it $9 million to $11 million in the third quarter. The Findlay-based company has been continuing to adjust production schedules at facilities in the U.S. The company said Wednesday that changes in production are due in part to raw material shortages caused when hurricanes hit Gulf Coast areas and impacted Cooper suppliers. http://www.ibtimes.com/articles/20081002/cooper-tire-hurricane-adjustments-cost-up-to-11m.htm Thu, 02 Oct 2008 09:39:24 EDT Tire company Goodyear Tire & Rubber Co. on Tuesday named John Cavanaugh as vice president of its North American off-highway business. Cavanaugh, 38, assumes the position from Joe Copeland, who now serves as vice president of Goodyear's North American commercial tire systems. http://www.ibtimes.com/articles/20080909/goodyear-names-cavanaugh-off-highway-unit-vp.htm Tue, 09 Sep 2008 12:16:33 EDT Titan Tire Corp. said Friday it will raise prices of Titan, Goodyear and General branded off-the-road, farm and construction tires by up to 10 percent due to rising raw material costs. http://www.ibtimes.com/articles/20080905/titan-tire-hikes-prices-to-offset-rising-costs.htm Fri, 05 Sep 2008 09:25:09 EDT The state Department of Environmental Protection has revoked a western Pennsylvania waste tire recycling firm's permit, citing violations. The agency is also requiring Lion Enterprises 7/11, of New Castle, to forfeit a $25,000 bond it held for the facility. The DEP says Lion Enterprises, which was permitted in February 2007, began violating its permit two months later. http://www.ibtimes.com/articles/20080903/pennsylvania-revokes-tire-recyclers-permit.htm Wed, 03 Sep 2008 12:03:37 EDT Standard & Poor's Ratings Services said Wednesday it has changed its outlook on Cooper Tire & Rubber Co. to negative from stable due to slowing tire demand in North America and volatile raw material prices. http://www.ibtimes.com/articles/20080820/s-p-changes-cooper-tire-outlook-to-negative.htm Wed, 20 Aug 2008 18:35:30 EDT Tire maker Goodyear Tire & Rubber Co. said Tuesday it will close 92 underperforming stores by the end of the year in a bid to boost profit in its U.S. operations. http://www.ibtimes.com/articles/20080819/goodyear-to-close-92-underperforming-stores.htm Tue, 19 Aug 2008 16:50:24 EDT Airport officials say a passenger jet landed safely after blowing a tire on takeoff from Houston. Northwest Airlines Flight 3492 was headed to Minneapolis on Monday morning. Airport spokeswoman Marlene McClinton says the plane circled the airport so the control tower could check damage from the ground. http://www.ibtimes.com/articles/20080811/jet-with-blown-tire-lands-safely-in-houston.htm Mon, 11 Aug 2008 17:53:05 EDT Among the stock activity stories for Wednesday, Aug. 6, from AP Financial News: NEW YORK (AP)--Shares of Cooper Tire & Rubber Co. tumbled Wednesday, a day after posting big gains on better-than-expected second-quarter results. http://www.ibtimes.com/articles/20080806/movers-roundup-cooper-tire-rubber-smith-micro.htm Wed, 06 Aug 2008 17:29:56 EDT Shares of Cooper Tire & Rubber Co. tumbled Wednesday, a day after posting big gains on better-than-expected second-quarter results. The Findlay, Ohio-based company said Tuesday that it swung to a loss for the quarter, but its adjusted loss of 17 cents per share beat Wall Street predictions by 10 cents. http://www.ibtimes.com/articles/20080806/cooper-shares-retreat-after-big-earnings-gains.htm Wed, 06 Aug 2008 15:19:02 EDT The U.S.-based tire makers rose Tuesday, a day after Cooper Tire & Rubber Co. said it swung to a second-quarter loss but its adjusted results managed to beat average Wall Street estimates. http://www.ibtimes.com/articles/20080805/tire-makers-get-a-boost-from-cooper-results.htm Tue, 05 Aug 2008 13:42:01 EDT Cooper Tire & Rubber Co. on Tuesday said it liquidated its investment in South Korea's Kumho Tire Co. The deal includes a payment of $107 million plus interest from the initial due date of May 31, Cooper said. http://www.ibtimes.com/articles/20080805/cooper-tire-liquidates-investment-in-kumho-tire.htm Tue, 05 Aug 2008 10:51:26 EDT The Rubber Manufacturers Association said Monday that it expects tire shipments to decline nearly 4 percent this year from 2007 levels, blaming worsening economic conditions. http://www.ibtimes.com/articles/20080804/tire-shipments-expected-to-fall-4-percent-in-2008.htm Mon, 04 Aug 2008 16:17:47 EDT