Cooper Tire & Rubber (CTB -1.6%) trades lower after announcing an immediate lockout of its...

|About: Cooper Tire & Rubber Co. (CTB)|By:, SA News Editor

Cooper Tire & Rubber (CTB -1.6%) trades lower after announcing an immediate lockout of its Findlay, Ohio, plant as the tire maker seeks to reach a competitive wage and benefit contract with its union workers. The company began contract negotiations with the union nearly three months ago, but, up to this point, has been unable to reach any tangible agreement.