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Bridgestone Corp (5108.T)

5108.T on Tokyo Stock Exchange

4,546JPY
23 May 2018
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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

BRIEF-Bridgestone buys back 654,700 shares for 3.3 bln yen and to retire 6.9 pct treasury shares

* Says it repurchased 654,700 shares for 3.3 billion yen in total, from Dec. 1 to Dec. 7

BRIEF-Bridgestone buys back 3.5 mln shares for 17.75 bln yen

* Says it bought back 3.5 million shares for 17.75 billion yen in total from Nov. 1 to Nov. 30

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