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US strength helps Goodyear top expectations

AKRON, Ohio (AP) — The Goodyear Tire & Rubber Co. on Wednesday reported a drop in second-quarter profit as a strong U.S. dollar cut into international sales, but the results beat Wall Street expectations.

The tire maker's profit fell 9.9 percent to $192 million, or 70 cents per share. Earnings, adjusted for non-recurring costs, were 84 cents per share.

The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The Akron, Ohio-based company saw revenue fall 10.4 percent to $4.17 billion in the period, which also beat Wall Street forecasts. Three analysts surveyed by Zacks expected $4.08 billion.

Sales in North America fell 1 percent to $2.03 billion as a boost in tire unit sales was offset by lower third-party chemical sales. Tire volume saw a healthy increase, partly benefiting from people holding on to their cars for longer periods of time. The average vehicle in the U.S. is now 11.5 years old, according to consulting firm IHS Automotive. New-car sales have also been strong this year.

Goodyear suffered along with many other companies doing business overseas because of the stronger U.S. dollar. Sales in Europe, the Middle East and Africa fell 20 percent to about $1.3 billion, sales in Asia fell 10 percent to $491 million, and sales in Latin America fell 20 percent to $390 million.

Goodyear shares have increased 3.5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 2 percent. The stock has increased nearly 7 percent in the last 12 months.

Last Updated on Wednesday, 29 July 2015

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Man says he petted zoo cougars after calling 'Here, kitty'

DELAWARE, Ohio (AP) — An Ohio man who jumped a fence to pet cougars at the Columbus zoo and posted video of it on YouTube says he jokingly said "Here, kitty" and decided to move closer when the animals seemed to respond.

Last Updated on Wednesday, 29 July 2015

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Toledo detects Lake Erie toxins that led to 2014 crisis

 

Ohio city detects toxins in Lake Erie that led to 2014 water crisis; mayor says water safe

Last Updated on Wednesday, 29 July 2015

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Ohio discourages swimming, wading in Grand Lake St. Marys

CELINA, Ohio (AP) — The state is once again recommending that people and pets avoid swimming and wading in Ohio's largest inland lake as levels of an algae-produced toxin rise.

Last Updated on Tuesday, 28 July 2015

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Rural Ohio schools utilize online testing

Rural Ohio school districts utilized online standardized testing more than other districts during the 2014-15 school year, the first year of online testing availability.

Last Updated on Tuesday, 28 July 2015

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Court orders EPA to redo air-pollution limits in 13 states

WASHINGTON (AP) — A federal appeals court on Tuesday ordered the Environmental Protection Agency to relax some limits it set on smokestack emissions that cross state lines and taint downwind areas with air pollution from power plants.

Last Updated on Tuesday, 28 July 2015

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Sheriff's employees get diversity training after firings

DAYTON, Ohio (AP) — All 450 employees of the Montgomery County Sheriff's office in southwest Ohio were given diversity training after two employees were fired and another three were placed on leave for sending racist text messages.

Last Updated on Tuesday, 28 July 2015

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Buckeye Lake businesses' reported losses are step toward aid

BUCKEYE LAKE, Ohio (AP) — More than a dozen businesses near central Ohio's Buckeye Lake say they've lost significant revenue with the water kept low as plans are made to replace a deteriorated dam.

Last Updated on Tuesday, 28 July 2015

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