Goodyear To Cut Costs By Selling Units
Excerpt from the InvestorGuide.com Stock of the Day on 9/23/2005

Akron, Ohio-based Goodyear Tire & Rubber Co., one of the world's largest tire producers, announced a major restructuring program, in which it will close an undisclosed number of plants in various locations and sell certain assets in a bid to counter high commodity prices and pension costs. Goodyear did not mention how many jobs would be affected, but it did say it would focus the cuts on high-cost plants and increase sourcing from Asia as it seeks other ways to boost productivity while introducing new products. Additionally, Goodyear also hopes to improve its North American tire business and to save up to $1 billion over the next three years. More >

Bemis Co. cuts first quarter earnings due to rising costs.
Excerpt from the InvestorGuide.com Stock of the Day on 4/11/2005

Bemis Co. made an announcement last week that it expected first quarter-diluted earnings per share to be about 25 percent below its previous guidance. In line with their forecast Bemis Co. cut its earnings forecast by 25% Monday, despite an expected rise in sales, as the packaging company said it could not stay ahead of the rapid rise in resin prices in late 2004 and early 2005. More >

Goodyear Expects to Report Third Quarter Profit
Excerpt from the InvestorGuide.com Stock of the Day on 11/5/2004

Goodyear Tire & Rubber Co., the largest U.S. tiremaker, on Friday said it would report a third-quarter profit, thanks to improved pricing and product mix and higher unit volume, reversing a year-ago loss. The company preannounced earnings of 19 cents to 21 cents a share, versus a loss of 68 cents a year ago. Third-quarter sales are expected to hit a record $4.7 billion, up from $3.9 billion in the third quarter of 2003, driven by improved segment operating income in all seven of the company's businesses. Wall Street is expecting earnings of 19 cents a share, according to a survey of analysts by Thomson First Call. The shares were last up more than 11% in morning trading. More >