Thanks to changes in a Department of Energy loan program, Alcoa Inc. has received a conditional commitment for a $259 million loan, which will help it provide aluminum to Ford Motor Co. to build more aluminum F-150s.
Of S&P 500 companies providing first-quarter outlooks, MarketWatch reports 84% have been negative as Profit Warnings Pile Up.Ahead of the start of earnings reporting season, which unofficially kicks off when Alcoa Inc., reports results on April 8, about 84% of the companies that have provided first-quarter outlooks gave negative outlooks. Show More Summary
The DOE has revived the ATVMP loan program and will hand out the first $259 million loan agreement to Alcoa to make aluminum for lighter, cleaner cars. Continue reading Alcoa awarded $259 million in DOE's first revived ATVMP loan program...Show More Summary
The supplier will use the funds to expand its Tennessee manufacturing facility to build more aluminum for North American automakers.
This step is a continuation of the company’s strategy to reduce high-cost smelting and refining capacity, as it shifts focus towards its value-added businesses. The company had recently announced the review of 500,000 tons per year of smelting capacity and 2.8 millions tons per year of refining capacity for possible curtailment or divestiture. Show More Summary
Alcoa’s (AA) earnings release on April 8th will put the spotlight on the Q1 earnings season. But trends in estimate revisions are setting up Q1 as a very weak reporting cycle. The magnitude of negative revisions that...
But shareholders really wish it would.
Billionaire Stanley Druckenmiller‘s hedge fund Duquesne Capital, disclosed an equity portfolio valued at some $1.02 billion as of the end of 2014, representing a significant growth of 25.1%. The equity portfolio is mainly invested in Consumer Discretionary (30.9%), Health Care (30.3%), and Financials (13.4%) stocks. Show More Summary
(72) The Financial Review in Feb 2014 wrote that Ford was was closing its Geelong manufacturing works, ending 300 jobs by June and the remaining 210 by 2016. Alcoa reported that its ageing aluminium smelter at Point Henry would close in August, along with a rolling mill, at a cost of 800 jobs. Show More Summary
Group to bolster aerospace exposure with $US1.5bn buy of titanium supplier RTI International Metals.
RTI International Metals entered into a contract to be acquired by Alcoa. Here's what investors may want to do.
The deal for RTI International Metals will give Alcoa more exposure to defense and aerospace markets
CHICAGO (Reuters) - Metals company Alcoa Inc on Monday that it would acquire titanium supplier RTI International Metals Inc for $1.5 billion, or the equivalent of $41 per share, in an all-stock transaction. New York-based Alcoa's acquisition...Show More Summary
Alcoa's decision to once again consider aggressive cuts to smelting capacity offers a salient lesson to the broader resource sector.
Santos agrees to sell natural gas produced off WA to Alcoa as part of 5-year contract.
Alumina notes strategic partner's move to review its global smelting capacity.
Hundreds of major corporations have also signed onto the SCOTUS brief I mentioned earlier today. Among those that signed on: Aetna, Alcoa, Amazon.com, American Airlines, American Express, Apple, AT&T, Barclays, BlackRock, Bristol-Myers...Show More Summary
The circumstances leading to Alcoa’s second full-length were tumultuous at best. Singer Derek Archambault—who also plays in hardcore band Defeater—needed hip surgery after an accident, something that laid him up and temporarily delayed his band’s momentum. Show More Summary