Goodyear quarterly loss widens as strike weighs
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Goodyear Tire & Rubber Co. , the  largest U.S. tire maker, reported a wider quarterly loss on  Friday due to a nearly three-month strike by union workers in  North America that cost the company $367 million.
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Goodyear Tire & Rubber Co. said on Wednesday it would freeze pensions and require greater contributions toward health care costs for retail and salaried workers in the United States to cut costs.
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Hospital operator Tenet Healthcare Corp. said its fourth-quarter loss from continuing operations will widen from the third quarter as the company feels pressure from weak patient volumes and high levels of bad debt.
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AKRON, Ohio -- Workers at 16 Goodyear Tire & Rubber Co. plants in 10 states and Canada went on strike Thursday after the world's third largest tire maker and the steelworkers union failed to agree on a new labor contract.
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The United Steelworkers union told Goodyear Tire & Rubber Co.  on Monday that it would end its contract on Thursday if no deal was reached in their four-month-old talks, raising the possibility of strikes or lockouts at U.S. plants.
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The company founded by jailed lifestyle guru Martha Stewart reports that its quarterly losses have widened.
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Recreational vehicle maker Fleetwood Enterprises Inc.  on Thursday said its quarterly loss had widened tenfold after restructuring charges, including severance payments, and costs from discontinued operations.
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XM Satellite Radio Holdings Inc posted  a wider quarterly loss on Thursday as higher marketing costs  overshadowed a strong increase in subscriptions to its  pay-radio service by car owners.
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Retailer Bon-Ton Stores Inc.   reported a wider quarterly loss on Thursday as bad weather  resulted in lower-than-expected sales in April.
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The natural gas producer and pipeline operator said its fourth-quarter loss widened, hurt by a tax charge related to the sale of its stake in a pipeline.
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Grocer Pathmark Stores Inc.  posted a narrower-than-expected quarterly loss on Thursday as higher costs for workers' compensation and general liability claims were offset by better expense control and improved gross margins.
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Goodyear Tire & Rubber Co.  on Friday said it would report a third-quarter profit, reversing a year-earlier loss, on higher prices for its products and stronger sales.
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Aircraft brake and landing gear maker Goodrich Corp. (GR.N: Quote, Profile, Research) on Tuesday posted higher quarterly sales and earnings and raised its full-year forecasts as an improving
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The United Steelworkers union on Thursday went on strike at 16 Goodyear Tire & Rubber Co. plants in the United States and Canada after failing to reach agreement on a contract for about 15,000 workers.
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Student lending company Sallie Mae posted a fourth-quarter loss on Wednesday, citing higher provisions for loan losses due to the weakening credit markets.
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Some 15,000 United Steelworkers union members went on strike at 16 Goodyear Tire & Rubber Co.  plants in the United States and Canada on Thursday after rejecting the company's latest contract proposal.
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The mortgage lender posted a fourth-quarter loss of $509.1 million as it raised its loan-loss provisions to account for growing defaults and foreclosures.