TOKYO — Yokohama Rubber Co. Ltd. reported a lower business profit for the fiscal year ended Dec. 31, dragged down by double-digit decline in earnings by the tire division.

SEOUL, South Korea — Hankook Tire & Technology Ltd. reported a 22.7% drop in operating income for the fiscal year ended Dec. 31 on 1.5% higher sales.

QINGDAO, China — Qingdao Doublestar Group is forecasting it will report a fiscal 2019 unaudited net loss of $33 million to $40 million, a downturn in fortunes it's attributing to increased expenses for a number of initiatives.

SACRAMENTO — The California Department of Resources Recycling and Recovery has issued $2.2 million in grants to seven California companies under its Tire Incentive Program.

ROCHESTER, N.Y. — Monro Inc. has downgraded its fiscal 2020 earnings and sales outlooks slightly, based on lower-than-expected sales growth through the first nine months of the fiscal year that ends March 28.

AKRON — Goodyear is hoping for more than a traditional return on investment with its new $100 million venture capital fund, Goodyear Ventures.

NEW YORK — Icahn Enterprises L.P. has secured $550 million in new capital through a pair of senior notes offerings due in 2024 and 2017, respectively.

AKRON — Goodyear's board of directors has declared a quarterly dividend.

LAS VEGAS — Goodyear is committing $100 million throughout the coming decade toward investments in "future mobility solutions," with a focus on partnering and investing in startups with a shared vision of sustainable, safe and new "mobility experiences."