Tires & Rubber

The Goodyear Tire & Rubber Company (NYSE: GT) today announced that Stephen R. McClellan has been named president of the company's North American Tire business unit.  McClellan will succeed Curt Andersson, who plans to pursue other professional interests.  McClellan will continue to be...

This is your Benzinga news summary and traders' outlook for Thursday, August 18, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. Morgan Stanley lowered its global growth targets for both 2011...

HCP Inc (NYSE: HCP) was downgraded by Robert W. Baird from "outperform" to "neutral." HCP's shares closed at $34.70 yesterday. HCP's trailing-twelve-month ROE is 5.88%. Goldman Sachs downgraded Goodyear Tire & Rubber Company (NYSE: GT) from “neutral” to “sell.” GT's stock closed at $13.34...

Goldman Sachs has downgraded Goodyear (NYSE: GT) from Neutral to Sell.

Major U.S. Indexes are building upon yesterday's gains, on the heels of a 0.5% increase in retail sales – the biggest gain since March. August Consumer sentiment, however, plunged from 63.7 in July to 54.9 – its lowest level since May of 1980. The market seems to be shrugging off the consumer...

This is your Benzinga news summary and traders' outlook for Tuesday, August 9, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for another volatile morning as traders wait for the Federal Reserve's...

J.P. Morgan Chase & Co. is out with a research report on Cooper Tire & Rubber (NYSE: CTB) and is lowering its price target to $16 from $30, and it has an Overweight rating on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "CTB reported fairly weak 2Q earnings primarily...

JP Morgan has lowered the price target on Cooper Tire & Rubber (NYSE: CTB) from $30 to $16 and maintains its Overweight rating.

General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...

Cooper Tire & Rubber Co (NYSE: CTB) reported a 74% drop in its second-quarter profit. Cooper Tire reported its quarterly earnings at $11.5 million, or $0.18 per share, down from $44.1 million, or $0.70 per share, in the year-ago period. Its revenue climbed 15% to $922 million. However,...