Advantages of Aluminum for Sustainable Transportation Outlined at Green Truck Summit
2010-03-10 05:10:48
Quote: NEW YORK--(BUSINESS WIRE)--Medium and heavy duty commercial truck owners can increase the cargocapacity of their fleets, reduce fuel consumption and emissions, lowertheir maintenance costs and increase their resale value by usingaluminum solutions, said an Alcoa executive who spoke today at CALSTARTNational Truck Equipment Association (NTEA) Green Truck Summit in St.Louis.Todd Summe, Division Manager, Product Design and Development at Alcoa,spoke at the session entitled, “Losing Weight: Li...
Read articleJobs Report Boosts Dow 122.06 Points
2010-03-08 01:24:49
Quote: Blue chips were led by increases of more than 3% each in Alcoa, Boeing, and American Express.
The Dow finished with a weekly gain of 2.3% but is still down 1.5% from its high for the year hit on Jan. 19.
The Standard & Poor's 500-stock index gained 1.4% to end at 1138.70, up 3.1% for the week. It is off 1% from the 52-week high of 1150.23 the broad measure hit on Jan. 19.
The gains came after the Labor Department said nonfarm payrolls fell by 36,000 in February, well below economists' conse...
Read articleAlcoa agrees not to idle Italy plants for 6 months
2010-02-26 10:11:27
Keywords: Non Ferrous Metals,United States of America,Italy,Western Europe,Europe,Labour; Employment; Unemployment,Business activities,Company News item,
Quote: Alcoa agrees not to idle Italy plants for 6 months
* Alcoa to keep Portovesme, Fusina plants open for 6 mths * Alcoa, govt, unions to meet again in April MILAN, Feb 26 (Reuters) - U.S. aluminium producer Alcoa Inc
(AA.N) has agreed to keep its Italian plants working for six
months, instead of idling them as planned after the EU ordered
it to repay state aid. Italy's government said the agreement on the plants, which
employ about 2,000 people, had been struck after talks with
Alcoa and unions la...
Read articleJohn Thuestad Elected Alcoa Executive Vice President and Group President Global Primary Products; Bernt Reitan to Retire
2010-02-24 08:40:12
Quote: A year later,he assumed the new position of Chief Operating Officer for GlobalPrimary Products worldwide and was elected a vice president of Alcoa.Prior to joining Alcoa, Mr. Thuestad was President and CEO of Elkem ASAof Norway, President of Elkem Aluminium ANS, and CEO and President atNorzink, a zinc and aluminium fluoride producer owned 50/50 by Rio Tintoand Boliden.“In his roles at Alcoa and his previous position as President and CEO ofElkem of Norway, John has proven himself to be an o...
Read articleAlcoa Primed for Aluminum Surge
2010-02-23 02:49:10
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, TheStreet Staff ,Metals and Mining
Quote: Alcoa, Aluminum Corporation of ChinaACH Quote), and AluminaAWC Quote)Alcoa is preparing to handle increased aluminum demand by joining with Saudi Arabian Mining Co. (Ma'aden) in December to build a $10.8 billion aluminum complex to target the Middle East region starting 2013.Aluminum Corp., China's largest maker of aluminum, demonstrated further confidence in the outlook for the metal by announcing plans this month to develop and operate a $1 billion smelter in Malaysia in collaboration with bil...
Read articleGrowth Fears Weigh, but DJIA Gains 86.91 on Week
2010-02-15 04:47:03
Quote: Stocks slipped, hurt by worries about the global economic recovery as China moved to tighten interest rates and data on Europe's economic growth missed expectations.
The Dow Jones Industrial Average, which posted a 160-point decline at its morning low, ended down 45.05 points, or 0.4%, at 10099.14, led by a 2.2% decline in Alcoa, which was hurt by a retreat in metals prices. Intel was the Dow's biggest gainer, up 1.8%.
Some technology bellwethers posted big gains. Motorola rose 7.5% after announ...
Read article[$$] BofA Tops Blue Chips; Alcoa Drops
2010-02-11 01:40:24
Quote: BY KRISTINA PETERSON NEW YORK—Stocks bounced around but ended in the red, as materials companies, including Alcoa, slipped amid global jitters focused on Greece. But losses were kept in check by financials, with J.P. Morgan Chase and Bank of America leading blue-chip stocks throughout the day. The Dow Jones Industrial Average fell 20.26 points, or 0.2%, to 10038.38. Bank of America was the measure's best performer, up 20 cents, or 1.4%, to $14.67. Financial stocks rose Wednesday after t...
Read articleUPDATE - Alcoa helps Saudi Maaden's 183% rise in Q4 profit
2010-01-19 03:11:10
Keywords: Saudi Arabia,Middle East,Metals Markets,Gold,Emerging countries,Corporate Results,Non Ferrous Metals,United States of America,Asia,Commodities and Energy Markets,Precious metals and minerals,Business activities,Company News item,Economic news, EC, busines
Quote: is due to the
collection by Maaden of 300 million riyals from Alcoa, which
represents the fee for its entry into the Aluminium
joint-venture," Maaden said. Analysts' forecasts for Maaden's fourth-quarter profit
ranged between 57 million riyals and 69.88 million riyals. An increase in the price and production of gold last year
raised the firm's preliminary net profit for 2009 by 99 percent
as spot gold prices XAU= hit a record high of $1,070 an ounce
in October. [ID:nLR457610] The state-controlle...
Read articleALCOA INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2010-01-15 02:13:53
Quote: Important factors that could cause actual results to
differ materially from those in the forward-looking statements include:
(a) material adverse changes in economic or aluminum industry conditions
generally, including global supply and demand conditions and fluctuations in
London Metal Exchange-based prices for primary aluminum, alumina and other
products; (b) material adverse changes in the markets served by Alcoa, including
automotive and commercial transportation, aerospace, building and co...
Read articleWall Street Drops After Disappointing Alcoa Results
2010-01-13 04:31:47
Quote: 500 dropped 10.76 points, or 0.94 percent, to 1,136.22, while the Nasdaq compositeslid 30.10 points, or 1.30 percent, to 2,282.31.Shares of Alcoa, a Dow component, fell 11.1 percent, to $15.52, its biggest one-day percentage slide since March. The aluminum company reported weaker-than-expected results after the market closed on Monday.Investors had hoped Alcoa would start the latest quarterly earnings season on a positive note after their bets on a more upbeat economic recovery sent Wall Street ...
Read articleALCOA, Inc. Q4 2009 Earnings Call Transcript
2010-01-12 02:06:40
Quote: ALCOA, Inc. (AA)
Q4 2009 Earnings Call
January 11, 2010 5:00 pm ET
Executives
Matthew Garth – Director Investor Relations
Charles D. McLane Jr. – Chief Financial Officer
Klaus Kleinfeld – Executive Vice President, Chief Executive Officer
Analysts
Jorge Beristain – Deutsche Bank
Michael Gambardella – J.P. Morgan
David Gagliano – Credit Suisse
Mark Liinamaa – Morgan Stanley
Sal Tharani – Goldman Sachs
Charles Bradford – Affiliated Rese...
Read articleHigh Energy Costs and Dollar's Decline Undermine Alcoa's Profit
2010-01-12 02:06:31
Quote: Alcoa, the aluminum producer, reported fourth-quarter profit on Monday that trailed analysts’ estimates as the company faced higher energy and currency costs.The net loss of $277 million, or 28 cents a share, narrowed from a loss of $1.19 billion, or $1.49 a share, a year earlier, Alcoa said. Sales fell 4.5 percent,to $5.43 billion from $5.69 billion.Excluding one-time items, Alcoa earned 1 cent a share, below analysts’ estimates for earnings of 6 cents a share.the dollarthe euroDeut...
Read articleA look at the week ahead for stocks
2010-01-11 03:03:44
Keywords: stocks, equities, Wall Street, Dow, S&P, Nasdaq, markets, jobs
Quote: But the weeks ahead could prove challenging, as the quarterly reporting period gets underway.Dow components Alcoa, Intel and JPMorgan Chase all report quarterly results next week. On the economic front, reports are due on retail sales, the trade gap, consumer sentiment and manufacturing. cut 85,000 jobs from their payrolls, surprising economists who were forecasting no change. Meanwhile the unemployment rate held steady at 10%, near 26-year highs. But the stock market showed little reaction, man...
Read articleAlcoa profit seen, but aluminum outlook cloudy
2010-01-08 04:56:01
Quote: By Steve JamesAANews) to post a small fourth-quarter profit, but optimism is tempered by concern over aluminum prices and how much the auto and aerospace industries rebounded from the recession.A weak dollar and excess warehouse aluminum inventories, as well as tepid demand in some sectors, might limit the metal's rally, analysts said on Thursday.Shares of Alcoa, the first Dow component to report results each quarter, closed down 2.12 percent at $16.61 on Thursday. Earlier in the day it was down...
Read articleUPDATE - PREVIEW-Alcoa profit seen, but aluminum outlook cloudy
2010-01-08 04:56:01
Keywords: United States of America,Aluminum,Corporate Results Forecasts,Base Metals,Commodities and Energy Markets,Metals Markets,Canada,Media type Graphics,Non Ferrous Metals,Business activities,Corporate Results,Company News item,Economic news, EC, business/finan
Quote: UPDATE 1-PREVIEW-Alcoa profit seen, but aluminum outlook cloudy
* Wall St expects small Q4 profit * Concern about longer-term outlook for aluminum * Stock closes down 2 percent after downgrade(Updates with more comment, share price)Steve James NEW YORK, Jan 7 (Reuters) - Wall Street expects Alcoa Inc
(AA.N) to post a small fourth-quarter profit, but optimism is
tempered by concern over aluminum prices and how much the auto
and aerospace industries rebounded from the recession. A weak dollar and...
Read articleDow Gives Up 11.94 Points of 1st-Day Rally
2010-01-06 04:26:17
Quote: The blue-chip measure was led lower by a 3.1% decline in Alcoa, which is often sensitive to housing reports as a harbinger of demand for aluminum.
The Dow's losses were tempered by a 4.9% surge in Kraft Foods after large shareholder and billionaire Warren Buffett moved to block Kraft from issuing shares to fund its offer for Cadbury.
The Standard & Poor's 500-stock index rose 0.3%, led by a 1.7% gain in its financial sector.
Stocks had begun the year with a strong start, with the Dow rally...
Read articleU.S. Stock Futures Rise; Alcoa, Freeport Gain
2009-12-30 01:36:24
Keywords: Stock futures, stocks, Wall Street, equities, investing
Quote: Stock Futures Rise; Alcoa, Freeport GainS&P futures point further gains as commodities, steel provide boost
By Daniela Silberstein
(Bloomberg) — U.S. stock-index futures gained, indicating the Standard & Poor's 500 Index will extend its biggest annual rally in six years, before reports that may show the decrease in home prices eased and consumer confidence rose.
AAFCXAKS) all advanced in Europe as metals prices climbed.
Futures on the S&P 500 expiring in March added 0.4 pe...
Read articleALCOA INC Files SEC form 8-K, Entry into a Material Definitive Agreement
2009-12-25 01:08:37
Quote: Alcoa, through an AWAC affiliate, will also
offer to market any excess alumina that the Mine and Refinery JV Company has
available for sale from time to time, in return for a reasonable commission.
Alcoa will also license certain refining, smelting and rolling mill technology
to the Joint Venture at arms' length royalties.
The initial term of the JV Shareholders' Agreement and the Joint Venture will be
thirty years, with an automatic extension for an additional twenty years, unless
the parties a...
Read articleAlcoa gets energy supply deal in Italy - ministry
2009-12-11 02:32:17
Quote: aluminium group Alcoa Inc's
(AA.N) and Italian government have reached a deal on energy
supplies aimed to keep Alcoa's Italian plants working after a
regulatory setback, Italian Economic Development Ministry
said. In November, Alcoa said it would temporarily idle
operations at its Italian smelters with a total capacity of
194,000 metric tonnes a year, after the European Commission
ordered it to pay back most of the state aid it had received in
Italy since 2006. The government has made "an except...
Read article