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May was a good month for retail tire dealers. According to the Northcoast Research Tire Demand Index, consumer demand for passenger and light truck replacement tires improved slightly on a year-over-year basis in May.

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Merry Christmas, Pep Boys: Bridgestone Ups Stock Bid

The offer for Pep Boys-Manny, Moe & Jack keeps getting higher. Bridgestone Americas Inc. has raised its bid for the company's outstanding shares of common stock from $15.50 to $17 a share. The new bid tops the $16.50 per share offered by Icahn Enterprizes L.P.  

Bridgestone Closes In on Purchase of Pep Boys

Bridgestone Americas Inc. is one step closer to acquiring Pep Boys-Manny, Moe & Jack. The waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 (HSR Act), as amended, has been terminated with respect to the cash tender offer by Bridgestone's wholly owned subsidiary, TAJ Acquisition Co., to purchase all of the outstanding shares of  Pep Boys.