- observing a sharp decline in demand in both the US and Europe

Other headlines for [ML.FR]

• 5108.JP 1/5/2009 11:42pm
  Bridgestone Denies earlier press speculation; says it is not the source of profit report- Note: Earlier in session, Nikkei said Bridgestone may report a 15% drop in operating profit, 10% fall in sales in 2009
  
• 5108.JP 1/5/2009 03:15pm
  Bridgestone Bridgestone may report a 15% drop in operating profit, 10% fall in sales in 2009 - Nikkei
  
• ML.FR 1/5/2009 12:03pm
  Michelin North American Unit announces price increases on commercial truck tires- Canadian prices may be increased by 6%
  
• ML.FR 12/22/2008 02:33am
  Michelin To cut global operations due to the economic downturn and decline in tire demand; sees €150M in Q4 charges- Says November saw a sharp m/m decline in demand for tires in every major global market more...
  
• ML.FR 12/15/2008 11:43am
  Michelin Puts Italian restructuring costs at approximately €80M, including project severence - unconfirmed report
  

Industrials sector headlines

• FR.FR Today 01:28pm
  Valeo SA Moody's lowers Long term rating cut to Ba1 fom Baa3; now junk status; affects €1.1B worth of debt
  
• NSANY Today 01:24pm
  Nissan Motor Co., Ltd Announces recall of 243K trucks and SUVs due to airbag sensor issues
  
• DAL Today 01:19pm
  Delta Air Lines Inc Reports Dec load factor 80.1% v 77.7% y/y- ASMs 9.78M (+0.7% y/y) - RPMs 12.2M (-2.4% y/y)
  
• CAE Today 01:12pm
  Cascade Corp. Hearing downgraded to underperform from neutral rating at DA Davidson (timing uncertain)
  
• LEA Today 01:03pm
  Lear Corp Moody's lowers corporate family rating to Caa2 from B3