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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Aircraft brake and landing gear maker  Goodrich Corp. GR.N on Tuesday posted higher quarterly sales  and earnings and raised its full-year forecasts as an improving  market for aircraft equipment boosted demand for its products.
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Goodyear Tire & Rubber Co. GT.N, the  largest U.S. tiremaker,  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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Goodyear Tire & Rubber Co , the largest U.S. tire maker, and three U.S. auto parts makers posted profits on Tuesday, and shares of all but one rose.
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Bear Stearns Cos Inc  posted a much bigger-than-expected quarterly loss on Thursday, capping a fiscal year when the fifth-largest U.S. investment bank took a beating on bad bets on risky subprime mortgages.
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Computer Associates International Ltd.  CA.N, a business software maker, on Wednesday posted a wider  quarterly net loss, including charges for job cuts and a $225  million payment to settle a long-running accounting probe.
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Some 15,000 members of the United Steelworkers went on strike at 16 Goodyear Tire & Rubber Co. plants in the United States and Canada on Thursday after the union rejected the company's latest contract proposal.
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The United Steelworkers union on Monday  said it has given Goodyear Tire & Rubber Co.  a required  72 hours notice to terminate its existing contract, increasing  the possibility of a strike at its U.S. plants.
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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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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 company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.
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Revlon Inc.&#39;s third-quarter loss widened amid a 7 percent drop in sales as the cosmetics giant completed an ambitious refinancing effort.
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Goodyear Tire &amp; Rubber Co. on Friday said it plans to cut about 340 jobs over the next year, and will take rationalization charges during the third quarter in an effort to reduce costs in its engineered products and chemical divisions.
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Some 15,000 workers went on strike at 16 Goodyear Tire plants after rejecting the companyÂs latest contract proposal.
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Company posts big loss amid a variety of problems that are "self-induced." It also expects an operating loss for the current quarter, which includes the holiday selling season.
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The company posted a wider-than-expected fourth-quarter loss, burdened by a 35 percent jump in its fuel bill.
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Goodyear Tire & Rubber Co. , said  on Friday that quarterly earnings fell due to restructuring  charges and lower tire demand and said it has increased its  target for long term cost-cuts.