Goodyear Strike Costs $360 Million in Three Months
Goodyear Tire & Rubber reports the 12 week strike by United Steelworkers cost between $360 million and $420 million, with weekly drains of $30-$35 million. Management cites long term gains from a new labor deal: $610 million in three years and $300 million annually thereafter. Shares rally to their highest since 2002 on the news.
MENTIONED IN THIS ARTICLE
Cleveland
Goodyear Tire & Rubber Co
Goodyear
Richard Kramer
United Steelworkers Union
Kramer
Robert Keegan
North America
Keegan
Wall Street
New York Stock Exchange
Jpmorgan
Himanshu Patel
Washington
American Bankers Association
Detroit auto show hints at future designs and Volt tease
At the North American International Auto Show Detroit reveals bolder door lines glass roofs and chrome grilles predicting future styling. GM’s Volt draws attention as a plug in electric option with a small gasoline range extender while Honda Malibu and Ford Focus newcomers join a trend toward higher belt lines and lighter interiors, with DaimlerChrysler and Jeep showcasing updated minivans and Swivel n Go seating for family versatility.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Mike Jackson
AutoNation
Ed Welburn
Global Design
Volvo
Chrysler
Welburn
Jeep
Robinet
DaimlerChrysler AG
AMT Tax Gap Top Problems Facing Taxpayers
National Taxpayer Advocate Nina E Olson told Congress that the AMT and unpaid taxes pose the era’s biggest tax challenges. The AMT hits tens of millions due to non indexed inflation, while overall unpaid taxes loom billions. Lawmakers debate repeal of private collection authority, with risks of revenue loss.
MENTIONED IN THIS ARTICLE
Washington
Nina E. Olson
Congress
Olson
Internal Revenue Service
IRS
AMT
Oil prices retreat on mild U S winter
Oil prices eased after a sharp drop to 38 month lows as traders anticipated milder weather and fund selling. Light crude for February delivery fell 40 cents to 55.69 per barrel on the NYMEX, dipping to 58.88 earlier. February Brent at ICE slipped 35 cents to 55.25 per barrel.
MENTIONED IN THIS ARTICLE
New York
New York Mercantile Exchange
London
ICE Futures Exchange
Dow Industrials
Dow
S&p
Wilshire
Ae Oat US
NYSE
Amex Naspaa
Amet Ghsha Voktat
Simetar It Firmdiash
SiifelFn
Bis
Beler
InteractSys
Stident
Red
CridTher
Gateway
FreeSeas
KronosWid
Sete Ad
CityThent
Lazard
Incyte
Ryerson
Hicpa idwetAir
Citeecakad
Tasersam
MillCott
HelenTroy
MuanPwr
ChadThr
GuidSohnh
Intel
Corning
Gryslalieg
Cisco
At&t Inc
Yamaha
TimeWern
Ish Eaft
Oracle
ExxonMbl
Tata
UNE Bren
LearCorp
Alltel
Lesca
Agrest Ay
VO Limited NY
Lowes NY
Mall Naso
Marvell Sit
BobEvn BostenScl NY
Cedarf
Motomita NY
Crtrytel NY
Conocht
Pal Ny
Phizet NY
Diebold NY
ProcGam NY
EMC NY
EmersnEls NY
Exo NY
Gruss
Firsténgy
Smucker NY
Ford Fitthentene
SprintNex
Ny Ny
Gap GenElec
Grote
Steris
Goodrich NY
SunMico Nash
Helibing, NY
Texinst
Honclatt
US Steel
Ishr
Knya Amex
Saal WalMart
Australia
Canada
Mexico
Switzerind
Doller
Vanguard Tx
Gantra
Capibap
Capwaa
Inco
Eupackp
West
Dana Sells Axle Unit in 31 Million Deal
Dana Corp sold its trailer axle manufacturing unit to Hendrickson USA LLC, a Boler Cos Hen drickson unit, for 31 million dollars. The Toledo based firm is in Chapter 11 bankruptcy and the price is 18.4 percent below the previously stated 32 million.
MENTIONED IN THIS ARTICLE
Washington
Dana Corp
Boler Cos Hendrickson USA LLC
Dana
Trans-Alaska pipeline shut after oil spill
Anchorage Alaska report: the Trans-Alaska oil pipeline was taken offline after a spill of up to 500 gallons at a remote Brooks Range gate. The cause was a failed weld on a threaded O-ring fitting on a bypass line per the state Department of Environmental Conservation. Alyeska Pipeline Co closed valves, halting crude flow.
MENTIONED IN THIS ARTICLE
Anchorage
Alaska
Brooks Range
State Department of Environmental Conservation
Alvyeska Pipeline Co
Also Mentioned on This Page
Detroit Auto Show
Jackson
Michael Robinet
Northville
Midh
CSM Worldwide
Honda Motor Co
Chevrolet
Toyota Motor Corp
Camry
General Motors
Charles Rangel
House
Ways and Means Committee
Senate Finance Committee
Max Baucus
D-Mont
Charles Grassley
Iowa
Grassley
U.S
Sents
Hendrickson
Trans-Alaska
Seddan
Dow Jones Industrials
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