Goodyear Delays Business Report’s Release
Goodyear Tire & Rubber Co. on Tuesday again said it needed more time to finish a financial report for federal regulators because of its probe of accounting problems at overseas operations. The company said after the markets closed that it would tell the Securities and Exchange Commission that its annual 10-K report will be delayed because of the investigation of accounting problems in Europe and elsewhere.
Goodyear shares plunged more than 5.6 percent, or 44 cents, in extended trading Tuesday, after closing at 7.84 dollars, up 26 cents, on the New York Stock Exchange.
However, after-hours trade climbed on the news of the delay, rising 3.5 per cent to 8.12 dollars on INET.