Goodyear to acquire Cooper Tire in $2.8 billion deal

Goodyear to acquire Cooper Tire in $2.8 billion deal

Akron-based Goodyear Tire & Rubber Co. (NASDAQ: GT) announced early Monday, Feb. 22, that it is acquiring Cooper Tire & Rubber Co. (NYSE: CTB) in a deal worth about $2.8 billion. The deal will expand Goodyear’s product offering, create a stronger …
See Original Article

MTA extends overnight subway service, deep-cleaning will continue

NEW YORK (WCBS 880) – The subway will now only be closed for two hours each night. The subway has been closed from 1 a.m. to 5 a.m. since May 6 for COVID-related deep-cleaning and disinfecting at all 472 stations and on thousands of trains. But riders …
See Original Article

Bitcoin drops after weekend climb to all-time high

NEW YORK/LONDON (Reuters) – Bitcoin fell on Monday after surging to its latest record high a day earlier as a sell-off in global equities curbed risk appetite, with some investors also citing concerns about the rapid surge in the virtual currency’s price.
See Original Article

After 50% April Staff Cut, Toast Aiming For $20B IPO

What kind of challenges has the pandemic foisted on the business world? It would be hard to find a better case study than Boston-based restaurant software provider, Toast. In February 2020 it raised $400 million at a valuation of $4.9 billion. Two months later …
See Original Article

Goodyear to Buy Rival Cooper Tire for $2.8 Billion

The combined company would generate annual revenue of roughly $17.5 billion and have some 72,000 employees globally, according to an investor presentation. Cooper’s tire brands include its namesake line and Mastercraft.
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.