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Sumitomo Rubber Industries Ltd

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BUSINESS
February 3, 1999 | Bloomberg News
Goodyear Tire & Rubber Co. formed a $1-billion alliance with Japan's Sumitomo Rubber Industries Ltd. in which North America's biggest tire maker would acquire 10% of Sumitomo and take control of its U.S. and European businesses, people familiar with the transaction said. Sumitomo Rubber spokesman Katsuhiro Katafuchi said the companies may announce the agreement today. Goodyear declined to comment.
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BUSINESS
February 3, 1999 | Bloomberg News
Goodyear Tire & Rubber Co. formed a $1-billion alliance with Japan's Sumitomo Rubber Industries Ltd. in which North America's biggest tire maker would acquire 10% of Sumitomo and take control of its U.S. and European businesses, people familiar with the transaction said. Sumitomo Rubber spokesman Katsuhiro Katafuchi said the companies may announce the agreement today. Goodyear declined to comment.
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BUSINESS
February 4, 1999 | From Bloomberg News
Goodyear Tire & Rubber Co., the biggest U.S. tire maker, said Wednesday that it will cut up to 2,800 jobs, about 3% of its work force, as it moves to revive profit and combine with Japan's Sumitomo Rubber Industries Ltd. Goodyear also said profit fell 35% in the fourth quarter to $115 million, or 74 cents a share, as a decline in costs failed to offset falling tire prices and slackened demand from Asia and Latin America. Revenue fell 1.5% to $3.22 billion.
BUSINESS
January 25, 1995 | From Associated Press
Seeking to soothe investor jitters about last week's devastating quake in western Japan, the government released a report detailing companies that have returned to normal and those that suffered damage. Ryutaro Hashimoto, head of the Ministry of International Trade and Industry, said the report distributed Tuesday is intended to prevent speculative moves in the stock market prompted by concerns about the quake's negative impact on the economy.
BUSINESS
February 6, 1997 | From Times Wire Services
The doll that couldn't stop chewing took a bite out of toy maker Mattel Inc.'s fourth-quarter earnings, the company reported Wednesday. The El Segundo-based toy giant took an $8-million charge to after-tax earnings related to its Cabbage Patch Snacktime Kids doll, which was pulled from the market after several children got their hair and hands stuck in the dolls' mouths. Mattel, which offered a $40 refund to each owner of the dolls, said the move trimmed its sales by $10 million.
BUSINESS
June 5, 1994 | DAVID HOLLEY, TIMES STAFF WRITER
In this golf-crazy land, the Biggu Basa may be the ultimate American import success story. The Biggu Basa-- as the Japanese have dubbed the Big Bertha golf club made by Carlsbad, Calif.-based Callaway Golf Co.-- draws much praise here. "When you hit a ball that's on the ground, it's easy for it to go too low or off to the side.
NEWS
February 18, 1995 | SAM JAMESON, TIMES STAFF WRITER
Waiting in line on a school playground for octopus dumplings that volunteers were baking for earthquake refugees, Tomoko Fujisaka's mind was on her husband's next paycheck. It will be for January, and Sumitomo Rubber Industries Ltd. has not yet informed her husband if it will include pay for the period after Jan. 17, when the earthquake shut down the firm's Kobe factory and ended his work for the month. "We've been afraid of even asking," she said.
BUSINESS
March 10, 1987 | WARREN BROWN, The Washington Post
Foreign tire manufacturers, following the lead of foreign auto makers, are landing in force in the United States. The primary target is America's $13.6-billion-a-year replacement tire market, the world's single most lucrative new-tire bazaar. Foreign tire makers also are going after the original-equipment market--firms manufacturing passenger cars and trucks on U.S. soil--which bought or received new tires valued at about $6.4 billion in 1986.
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