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United States

Bridgestone Corp (5108.T)

5108.T on Tokyo Stock Exchange

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Wed, Apr 25 2018

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Goodyear profit drops on weak demand, higher raw material costs

Goodyear Tire & Rubber Co's quarterly profit dropped more than 50 percent due to weaker demand and it warned that higher raw-materials costs would weigh on the company for the remainder of the year, sending its shares down 5 percent.

BRIEF-Goodyear Forms JV With Bridgestone

* GOODYEAR, BRIDGESTONE JOIN FORCES TO FORM U.S. NATIONAL TIRE DISTRIBUTOR

BRIEF-Bridgestone completes retirement of 6.9 pct stake of shares

* Says it completed retirement of 51.6 million common shares (6.9 percent stake), on Jan. 19

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