Equipment

A federal appeals court has ruled that a legal challenge to the Securities and Exchange Commission’s “conflict minerals” reporting rule must first be adjudicated in a civil federal district court.

Cooper Tire & Rubber Co. said it posted a higher first-quarter profit but lower revenue on a soft global tire market.

Truck component maker Meritor Inc. has named Ivor Evans the company’s chairman and interim CEO, replacing Chip McClure, who is leaving the company.

Most leading suppliers to the trucking industry that reported earnings late last month said profits declined, or turned to losses, in the first three months of 2013.

Two component makers reported lower first-quarter results compared with the same period last year.

Yokohama Tire Corp. said it signed an agreement to build a $300 million commercial truck tire plant in West Point, Miss.

Meritor Inc. reported a loss for its second fiscal quarter, and the truck component maker said it plans to sell 50% of a joint venture in Brazil.

Engine maker Cummins Inc. said Tuesday its first-quarter earnings slipped from a year ago on “weaker demand in most major geographies and end markets.”

Goodyear Tire & Rubber Co. reported a first-quarter profit, compared with a loss from a year ago, but its North American revenue declined from a year earlier.

Dana Holding Corp. said Thursday its first-quarter profit declined from a year ago, on lower demand from the North American commercial vehicle market.