Tire conference grapples with Firestone recall and trust
At Akron boot conference the tire industry debates the Firestone recall amid calls for quick action and consumer protection. Executives discuss testing, tread safety, and regaining trust while rivals avoid the topic and focus on other trade show offerings.
MENTIONED IN THIS ARTICLE
Akron
Firestone
Pord Motor Co
Daniel J. Hankenson
Ford
Malcolm Wilborn
Simmons
Bridgestone
Dave Sprage
Jet engine flare prompts inspections after three takeoffs
GE Aircraft Engines investigates exhaust nozzle loosening after three Continental Airlines takeoffs since April. No injuries reported. Continental, with a Cleveland hub, will intensify DC-10 inspections. about 1,400 CF6-50 engines in operation worldwide.
MENTIONED IN THIS ARTICLE
Newark
N.J
Continental Airlines
Rick Kennedy
GE Aircraft Engines
General Electric Co
Kennedy
Continental
Cleveland Hopkins International Airport
National Transportation Safety Board
David Messing
House Moves Toward Passage of Trade Tax Break Bill
The House nears approving a Clinton administration backed bill offering new tax breaks to U S companies that produce or sell abroad. The WTO deadline of Oct 1 spurs rapid action amid EU opposition and potential tariffs on up to 40 billion dollars in U S exports. The Senate is expected to pass soon.
MENTIONED IN THIS ARTICLE
House
Washington
Europe
U.S
Clinton
Congress
World Trade Organization
European Union
Foreign Sales Corporation
WTO
Senate
Stocks Close Mixed In Uncertain Trading
U S stocks ended mixed as blue chips rose while technology shares faded. The Dow gained 37.74 to 11233.23, the Nasdaq fell 46.84 to 3849.51, and the S&P 500 slipped 7.27 to 1481.99 amid pre earnings uncertainty and slowing growth signals. Investors weighed earnings outlooks and potential Fed action as Johnson figures and mergers drew attention. Sun Microsystems slid after intraday highs, IBM rose, and JP Morgan climbed on merger chatter with Chase Manhattan amid a broad market still sensitive to quarterly results. Overseas markets fell in parts, with Japan and Germany down while France rose modestly.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor
Federal Reserve
Kevin Caron
Gruntal & Co
Sun Microsystems
IBM
Schlumberger
Baker Hughes
Halliburton
J.P. Morgan
Chase Manhattan
Morgan
Deutsche Bank
Steven Goldman
Weeden & Co
Best Buy
Wall Street
PRI Automation
New York Stock Exchange
Japan
Germany
Britain
France
Ford recalls more vehicles amid new model issues
Detroit AP Ford Motor Co recalls about 23 500 vehicles amid third production problem with the Ford Escape. About 1 582 Escapes built without four wheel drive or antilock brakes may have wheel hubs mis fitted risking wheel detachment. Ford says only a handful sold and customers notified last month. The recall also covers about 22 000 2001 Crown Victoria Grand Marquis Town Car and Windstar models for a faulty air bag diagnostic module that could cause unintended air bag deployment or seat belt issues.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Ford
Mike Vaughn
Vaughn
Firestone finds a small number of bad tires in latest probe
Bridgestone Firestone Inc acknowledged a very small number of Wilderness and ATX tires from its Decatur Illinois plant could pose a safety problem tied to Ford Explorers. Ford’s Jacques Nasser claimed the AXT tires fail more often. Firestone revised the recommended inflation from 26 to 30 psi after further tests.
MENTIONED IN THIS ARTICLE
Washington
Bridgestone/Firestone Inc
Ford Motor Co
U.S
John Lamape
U.S. Senate
Decatur
Ill
Lampe
Ford
Jacques Nasser
Euro and pound slip with a slight recovery in Europe
The euro fell to an all time low of 85.53 cents before a late New York rebound to 86.29 cents. The British pound slid to 1.3953 dollars in European trading, then 1.4065 in New York, as officials urged value stabilization while acknowledging weakness in Europe’s economy.
MENTIONED IN THIS ARTICLE
New York
European Union
European Parliament
European Central Bank
Wim Duisenberg
Europe
Duisenberg
Ron Simpson
MCM Currencywatch
Also Mentioned on This Page
Wilborn
National Highway Transportation Safety Administration
Robert Simmons
Rubber & Plastics News
Goodyear
Continental Fire
Eddie Morant
Charlotte
N.C
Gilles Paterne
Els
A. Deshors
Michelin
Italy
Pirelli
Heinz Jetter
Jet Laser Systeme
Kazuaki Kondo
Nakata Engineering Co
United States
BridgeNews
Yuma County
Sheriff's Department
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