Goodyear Revises Profit Down By 65 Million
Goodyear Rubber & Tire Co. said it will reduce reported profit for the past six years by 65 million dollars due to overseas accounting issues and other factors. Net income for 1997 to 2003 will drop 10 million, with 55 million from workers’ comp and inventory adjustments. The company faces SEC scrutiny over 1998-1999 system errors and delayed filing. Creditors may grant a 30 day extension to avoid credit blocks.
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Cleveland
Goodyear Rubber & Tire Co
Goodyear
US Securities and Exchange Commission
Tion
SEC
Weirton auction resumes as stake over mill widens
The Associated Press reports a bankruptcy bid battle at Weirton Steel in Pittsburgh with Ohio's International Steel Group bidding 255 million and noteholders offering 261 million. Spokesman Gregg Warren called Monday's five and a half hour closed auction intense as both sides press to finalize a new ownership deal.
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Weirton Steel Corp
Ohio
International Steel Group
Weirton Steel
Weirton
Gregg Warren
Warren
West Virginia
Dave Gossett
Steelworkers Union
ISG
US Steel Corp
Nucor Corp
John Correnti
Plagiarism tools move from campus to business world
Data-sifting plagiarism detectors once common in colleges are expanding to newspapers, law firms, training firms, and government bodies. Turnitin and similar services create digital fingerprints to scan billions of documents, quickly spotting copied material across the web and in proprietary databases.
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Google
iParadigms LLC
U.N. Security
Glatt
MyDropBox LLC
CFL
John Zakarian
The
Hartford Courant
Hartford, Conn
the Courant
Northwest cites need to match low-fare prices to stay viable
Northwest executive Tim Griffin says low-cost carriers dominate price setting in many markets and Northwest must match those fares to remain competitive. He notes customers choose on price, cites 2003 revenue of 7.6 billion, and explains Northwest’s pricing amid pressure for labor cost cuts and concessions.
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Northwest
Exec
Northwest Airlines
Tim Griffin
Griffin
Minneapolis-St Paul Star Tribune
Dallas
Southwest Airlines
Southwest
North West
Air Tran Airways
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