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Owens-Illinois, Inc. engages in the manufacture and supply of glass containers for beverages. It provides glass packaging for food items such as soft drinks, teas, juices, and pharmaceuticals. Read More The company was founded by Michael J. Owens in 1903 and is headquartered in Perrysburg, OH.
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U.S. judge confirms Owens-Illinois arbitration award against Venezuela
(Reuters) - A U.S. judge on Tuesday confirmed a roughly $500 million arbitration award that a unit of Owens-Illinois Inc obtained against Venezuela in connection with the country’s seizure and nationalization of two plants in 2010. U.S. District Judge Amy Berman Jackson in Washington, D.C. said federal law required her to confirm the 2015 award in favor of Owens-Illinois European Group BV from the World Bank’s International Centre for Settlement of Investment Disputes. She rejected a request by the govern...
Yahoo FinanceMay 13
Favorable Markets to Drive Owens-Illinois, FX a Woe
On May 10, we issued an updated research report on Owens-Illinois, Inc. OI. Growing preference for glass packaging, continued focus on cost reduction and acquisitions is likely to drive growth for the company. Further, its ongoing successful joint venture (JV) with Constellation Brands, Inc. (STZ) and new capacity additions will aid growth. However, unfavorable foreign currency, persistent decline of beer consumption in the domestic market and high debt levels remain concerns. Tepid Q1 But Poised for a Bet...
Owens-Illinois is Now Oversold (OI)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Thursday, shares of Owens-Illinois, Inc. (Symbol: OI) entered into oversold territory, hitting an RSI re...
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