Tuesday, August 19, 2008

Good Month...

...for stagflation.

Goodyear to Close 92 Retail Stores

Goodyear Tire & Rubber Co. will exit 92 underperforming retail locations by the end of the year, eliminating about $9 million in annual losses.

Fewer stores/jobs.

Earlier this month, Goodyear announced a plan to increase commercial tire prices by 10% to offset rising commodity prices.

Higher prices.

Economists React: An Unexpected Rise in the PPI

Nobody expects the...



No comments:

Post a Comment