Financial Accounting Blog

Thursday, December 11, 2003

Goodyear decided to postpone the selling of debt and/or equity to raise some much needed cash. As we learned in class, companies can raise money either thru debt or equity and in this case, Goodyear is considering both options.
Goodyear Tire & Rubber Co. said Wednesday it had discovered more accounting problems, forcing it to postpone a planned debt sale until next year and possibly unleashing additional labor problems for the top North American tire maker.