Judith Levy submits: Excerpt from our Wall Street Breakfast, a one-page summary of this morning’s key market-moving and stock-moving stories:

HEARD ON THE STREET: Goodyear’s Stock Treads Well Despite Strike [Wall Street Journal]

Summary: Surprisingly, the strike by over 12,000 Goodyear workers at 16 of the company’s American and Canadian factories that began on October 5 has not yet had a significantly negative impact on the stock. Investor faith is sustained by 1) a belief that the workers will be forced to yield; and 2) indicators that the tire business will reap benefits from falling oil prices. Many also appear to expect a rise in the sale of replacement tires as Americans drive more. The main issue behind the strike is Goodyear’s demand that it retain the right to close two of 12 unionized plants. Closing two factories could save Goodyear approximately $100 million a year, which would help the company stay competitive with rivals who supply the U.S. market with tires made either abroad or in non-unionized factories. The duration of the strike is a concern: it is already costing Goodyear about $2 million a day, and that figure could jump if the strike continues longer than a month.
Related links: Auto Suppliers’ Troubles Point To Broader Industry Challenges • Michelin Raises Prices; Have Tire Makers Bottomed? • Goodyear Tires: Don’t Count On a Recovery
Potentially impacted stocks and ETFs: Goodyear Tire and Rubber Company (GT), Cooper Tire and Rubber (CTB)

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VAN BUREN TOWNSHIP, Mich., Oct. 13 /PRNewswire-FirstCall/ — Visteon Corporation (NYSE: VC - News), one of the world’s leading suppliers of automotive components and integrated systems, will release its third quarter 2006 financial results at 7 a.m. EST on Tuesday, Oct. 31, via PR Newswire. At 9 a.m. EST, a conference call is scheduled to discuss the results in further detail, as well as other related matters.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )

For whom: Security analysts, fund managers and media representatives

What: Visteon’s third quarter 2006 financial results conference call

When: 9 a.m. EST, Tuesday, Oct. 31, 2006

Dial-in numbers: U.S./Canada: 888-452-7086; International: 706-643-3752
(Call in approximately 10 minutes prior to the start of the conference.)
Those in the United States interested in hearing a replay of the conference should call 800-642-1687; international callers should dial 706-645-9291. The pass code to access the replay is 8377763 (domestic and international). The replay will be available for one week.

Visteon will provide a broadcast of the quarterly meeting for the general public via a live audio webcast. The conference call, along with the financial results release, presentation material and other supplemental information, can be accessed through Visteon’s Web site at http://www.visteon.com/earnings .

Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has more than 170 facilities in 26 countries and employs approximately 49,000 people.

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WARREN, Ohio, Oct. 13 /PRNewswire-FirstCall/ — Stoneridge, Inc. (NYSE: SRI - News) will broadcast its 2006 third-earnings conference call live over the Internet on Friday, October 27, 2006 at 11:00 a.m. Eastern time with President and Chief Executive Officer, John Corey; Executive Vice President and Chief Financial Officer, George Strickler and Director of Corporate Finance and Investor Relations, Greg Fritz.
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This webcast can be accessed through the Company’s Web site, www.stoneridge.com. The webcast is also being distributed over CCBN’s Investor Distribution Network. Individual investors can listen to the webcast at www.fulldisclosure.com. Institutional investors can access the webcast via CCBN’s password-protected event management site, StreetEvents (www.streetevents.com).

Stoneridge, Inc., headquartered in Warren, Ohio, is a leading independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, medium- and heavy-duty truck, agricultural and off-highway vehicle markets. Sales in 2005 were approximately $672 million. Additional information about Stoneridge can be found at www.stoneridge.com.

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Auto Parts Photo 14126
Product Brand: Manufacturer, Asia
Product Category: Passenger Vehicles
Product Type: Japanese Used Car
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