Get Ready to Pay More for Tires

Goodyear tires

Tires are getting more expensive across the world.

Goodyear Tire & Rubber Co. (GTR) and Cooper Tire & Rubber Co., (CTB) the two largest U.S. tiremakers, plan to raise prices by as much as 6.5% starting October, according to Bloomberg News. In Europe, Bridgestone (BRDCY) is upping its prices by about 6%.

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Tires are costing more as global demand for cars races ahead of world…

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Get Ready to Pay More for Tires originally appeared on DailyFinance on Tue, 21 Sep 2010 09:22:00.

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PG&E Releases List of 100 High Priority Gas Lines in California

Pacific Gas and Electric (PCG) released a list of 100 high priority gas lines in California, 11 days after a gas main exploded in San Bruno, killing at least four people.

PG&E compiled the list using criteria including potential for corrosion and the potential for third-party damage such as construction, the company said on its website.

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The pipeline in San Bruno was not on the…

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PG&E Releases List of 100 High Priority Gas Lines in California originally appeared on DailyFinance on Tue, 21 Sep 2010 08:50:00.

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AutoZone Quarterly EPS Jumped to $5.66

AutoZone Inc (AZO) reported diluted earnings per share of $5.66 for the quarter ended Aug. 28, a 27.7% increase from a year earlier.

Net sales rose 9.5% from a year earlier to $2.4 billion in the fourth quarter of fiscal 2010, the auto parts company said in a statement. AutoZone opened 80 new stores in the U.S. in the quarter, and 26 new stores in Mexico.

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The company repurchased…

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AutoZone Quarterly EPS Jumped to $5.66 originally appeared on DailyFinance on Tue, 21 Sep 2010 08:24:00.

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BP Will Join Other Oil Giants in Spill Response Group

BP (BP) will join an oil spill response group formed by fellow oil giants Exxon Mobil (XOM), ConocoPhillips (COP), Chevron (CVX) and Royal Dutch Shell (RDS.A).

BP will make its underwater well containment equipment and personnel available to the group, called the Marine Well Containment Co., The Washington Post said.

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The other four oil companies said they would spend $1 billion on…

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BP Will Join Other Oil Giants in Spill Response Group originally appeared on DailyFinance on Tue, 21 Sep 2010 06:49:00.

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