On Tuesday, Goodyear Tire & Rubber Co (NASDAQ:GT)’s shares inclined 2.98% to $30.09.
The Goodyear Tire & Rubber Company (GT), exclusive tire supplier of NASCAR’s three major national series, has declared it will supply a special “throwback” version of its race tires for the Labor Day weekend NASCAR races at Darlington Raceway in Darlington, S.C.
For the event, Goodyear will replace its yellow “Goodyear Eagle” lettering on the tire sidewalls with a white Goodyear logo imitating the design of NASCAR tires used in the 1970s. The tires will be part of a broader “throwback” initiative at Darlington designed to honor the track’s storied past in NASCAR racing. In addition, many NASCAR teams and sponsors are participating by running vintage-inspired paint schemes.
The throwback weekend is especially noteworthy for Goodyear, as Darlington Raceway was the site of several key milestones in the company’s 61-year history with NASCAR. Goodyear conducted its first official NASCAR tire tests at Darlington in 1954, and would go on to earn its first NASCAR victory at the 1959 Southern 500 with driver Jim Reed behind the wheel.
The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products and services in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, in addition to under the private-label brands.
Harley-Davidson Inc (NYSE:HOG)’s shares gained 1.79% to $55.76.
The Harley-Davidson, Inc. (HOG) Board of Directors has approved a cash dividend of $0.31 per share for the third quarter of 2015. The dividend is payable Sept. 25, 2015, to the holders of record of the Company`s common stock on Sept. 15, 2015.
Harley-Davidson, Inc. manufactures cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells wholesale street-legal Harley-Davidson motorcycles, in addition to a line of motorcycle parts, accessories, general merchandise, and related services.
At the end of Tuesday’s trade, Duke Energy Corp (NYSE:DUK)‘s shares surged 1.58% to $69.34.
Duke Energy Progress is committed to assisting customers reduce energy consumption and resulting costs through energy-efficiency programs and assistance for low-income customers.
Through 2014, the company’s programs have enabled customers to reduce peak demand by almost 9 percent as a result of our energy efficiency programs. On Tuesday, Duke Energy Progress made its annual filing with the Public Service Commission of South Carolina (PSCSC) to recover the costs of implementing these programs.
The total monthly impact of the rate change for a residential customer using 1,000 kWh per month is an enhance of $3.07. If approved, these customers’ bills would enhance from $101.20 to $104.27 per month. The new rates would become effective Jan. 1, 2016.
For non-residential customers, the impact will vary based on the opt-out elections made by the customer. A non-residential customer that take parts in all of the company’s programs and pays all rider amounts would see an enhance of $3.57 per month for 1,000 kWh usage.
Rates have raised primarily due to a reduction in the recovery period for program costs and the inclusion of additional costs and incentives related to the implementation of new programs for both residential and non-residential customers.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.
Brocade Communications Systems, Inc. (NASDAQ:BRCD), ended its Tuesday’s trading session with 3.13% gain, and closed at $10.39.
Brocade ( BRCD) declared that it will take part in forthcoming investor financial conferences. These events will be accessible live via webcast at www.brcd.com.
2015 Citi Global Technology Conference
Wednesday, September 9, 2015
3:30 p.m. to 4:10 p.m. ET
Hilton New York Hotel, New York City, NY
Dan Fairfax, Chief Financial Officer
Deutsche Bank 23rd Annual Leveraged Finance Conference
Tuesday, September 29, 2015
2:15 p.m. to 2:50 p.m. MDT
Phoenician Hotel, Scottsdale, AZ
Robert Eggers, VP Finance and Jean Furter, VP Treasury
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments. The SAN Products segment offers infrastructure products and solutions, such as fiber channel SAN backbones, directors, fabrics, and embedded switches that assist customers in the development and delivery of storage and server consolidation, disaster recovery and data security, and compliance issues regarding data administration; and fabric extension, switching, and routing solutions.
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