Goodyear weighs plant closures to save $1.1 billion
Goodyear Tire & Rubber considers closing an Alabama plant and laying off up to 2,400 workers across 10 states to hit a goal of saving $1.1 billion. The talks come after a new contract allowing job cuts and possible plant closures, with Huntsville Alabama named as a potential site.
MENTIONED IN THIS ARTICLE
AKRON
Goodyear Tire & Rubber Co
Alabama
Goodyear
Huntsville
Als
Jonathan Rich
Lavouis
Keegan
Steelworkers of America
Wayne Ranick
Dunkin, Dunkin Donuts Adds Espresso To Menu In Mass.
Dunkin Donuts plans espresso drinks in 5,700 shops starting in New England this fall with Cappuccino and latte options at about 2.69. Chief executive Jon Luther says the move democratizes espresso, keeping a simple atmosphere and faster, cheaper drinks than boutique cafes. Some customers welcome the shift while others doubt the fit for the brand.
MENTIONED IN THIS ARTICLE
Boston
Starbucks
Steven Eckenhausen
Long Island
Calif
Schaerer USA
Dunkin’ Donuts
Dunkin
Randolph
Mass
New England
Jon Luther
Tommy Coye
Massimo Castellano
FCC approves Univision Han Hispanic media merger
The FCC voted 3 2 along party lines to approve Univision Communications 3.1 billion purchase of Hispanic Broadcasting Corp The deal gives Univision the top Spanish language broadcast TV network and largest radio and online footprint while requiring the sale of two HBC radio stations in Houston and Albuquerque Democrats warned of reduced Spanish language media diversity and competition The decision aligns with Univisions stance that Spanish language media are not a separate market from English language media
MENTIONED IN THIS ARTICLE
Washington
Univision Communications Inc
Hispanic Broadcasting Corp
Federal Communications Commission
FCC
Galavision
Univision
Los Angeles
HBC
Houston
Albuquerque
Stocks Slide on Dollar Weakness After G7 Call
U.S. stocks fell as G7 ministers urged flexible exchange rates prompting a dollar tumble and fears of reduced foreign investment. The Dow dropped 109.41 to 9535.41, Nasdaq declined 31.08 to 1874.62, and the S&P 500 slipped 13.48 to 1022.82 amid profit taking and currency concerns.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Mike Kayes
Eastover Capital
Charlotte
Nlc
U.S
Dow
Ing
Standard & Poor
Feds probe GM cars steering defect across several models
Washington AP The federal government opens a probe into a steering defect potentially affecting 714,000 GM vehicles. NHTSA reports 357 complaints of steering lock or power loss in 1996 97 Buick Regal Century Lumina Monte Carlo Oldsmobile Cutlass Supreme and Intrigue models built 1996 through 1998. GM says it cooperates. recall decisions hinge on further data.
MENTIONED IN THIS ARTICLE
Washington
General Motors Corp
National Highway Traffic Safety Administration
NHTSA
Jim Schel
Schell
Dollar hits three-year low against yen in New York
The dollar weakened across major currencies on Monday with a 3-year low against the yen as late trading showed 11.9 yen per dollar. The euro rose to $1.1481 and the pound gained to $1.6507 while Swiss francs and Canadian dollars fell from Friday levels.
MENTIONED IN THIS ARTICLE
New York
Dow dones/ AP
AK Steel appoints interim CFO as top-management overhaul continues
AK Steel Corp. names Albert E. Ferrara Jr. interim chief financial officer amid a broad leadership shakeup begun after the resignation of CEO Richard Wardrop Jr and president John G. Hintz. James L. Wainscott serves as interim CEO as the company searches for a permanent replacement. The Middletown company, with about 10,000 employees, reported stock trading around $2.29 as it restructures its executive team and outlines ongoing operations across facilities in Ohio, Indiana, Texas, and beyond.
MENTIONED IN THIS ARTICLE
Onnion
Robert Keegan
Goodyear
Ohio
Virginia
North Carolina
Ilinois
Alabama
Nebraska
Wisconsin
New York
Kansas
Texas
Tennessee
Middletown
AK Steel Corp
Albert E. Ferrara Jr
AK Steel
NS Group Inc
USX Corp
Richard Wardrop Jr
John G. Hintz
New York Stock Exchange
James L. Wainscott
Wainscott
Also Mentioned on This Page
Ranick
Rich
Democratizing
Espresso
Peter Mavromicalas
Hispanic Media Merger
Jonathan Adelstein
Adelstein
TeleFntura TV
Buckeye Bank
Bucke Banke
Sheffield Center
Lorain
Buckrycbank.cosr
Feds Probe
Industral
Houston Shi Ping Channel
Douglas Dynamics
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