Goodyear Shares Fall Hard on Financial News
(Akron/Tire Review) Investors reacted negatively to Goodyear Tire & Rubber Co.’s pre-2005 financial report, pushing the tiremaker’s shares down some 17% on Jan. 31.
Monro, Inc. Reports Q3 Financial Results, Adjusts 2020 Outlook
During the third quarter of fiscal 2020, the company added 27 company-operated stores, ending the quarter with 1,289 company-operated stores and 99 franchised locations.
2019 Newsmakers: Monro Inc.
Monro acquired more than 60 retail stores and made its foray into the west coast in 2019. Find out what’s in store for 2020.
Nokian Tyres Releases Half-Year Financial Report
Nokian Tyres released its half-year financial report Aug. 6, which show a decrease of 2.3% in net sales from April-June 2019.
Sears Holdings Files For Voluntary Chapter 11; Initiates Processes To Facilitate Financial Restructuring
In a move to streamline its operating model and grow profitably for the long-term, Sears and some its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.
Myers Industries Reports Select Preliminary 2018 Third Quarter Financial Information
The company has reported net sales of approximately $135 million, flat to the third quarter of last year.
TBC Renews Citi Credit Card Agreement
TBC Corp. has entered into a long-term renewal agreement with Citi Retail Services for its consumer credit cards. TBC first partnered with Citi in 1999. Today TBC offers Citi credit card programs at its NTB Tire and Service Centers, Merchant’s Tire & Auto Service Centers, Tire Kingdom Service Centers and Big O Tires. “Throughout the
Goodyear Break-Up Might Mean Bad News for Sumitomo
While the news that Goodyear Tire & Rubber Co. is looking to exit its international joint venture with Sumitomo Rubber partly precipitated a 10% intra-day leap in Goodyear’s share price, commentary on the latest financials published by Sumitomo suggests that the JV break-up the two companies are currently in arbitration over what could be bad
Retail, Financial Industries Partner to Protect Credit Card Data
Fifteen Washington, D.C., trade groups representing banks and retail stores joined a new partnership this week focused on protecting payment data from hackers, saying they intended to work to share information about cyber threats and advance payment technology that is less vulnerable to attacks. The move follows criticism from Capitol Hill about the industries’ failure
Cooper Updates Status of Financial and Operational Data at Chinese Joint Venture
Cooper Tire & Rubber Co. issued the following statement regarding the status of financial and operational data entry at its Cooper Chengshan (Shandong) Tire (CCT) joint venture facility in Rongcheng, China: "Cooper has continued to work with the joint venture partner and labor union at CCT to restore normal operations as soon as possible. Last