NEW YORK (Reuters) - The U.S. government has granted aid to workers at Alcoa Inc's Intalco aluminum smelter in Washington state, after they complained that Chinese dumping threatened their jobs, according to a federal ruling. The U.S. Show More Summary
Alcoa is keeping Paul Singer on its side as it prepares to split into two in the midst of the lowest aluminum prices in six years. ||| New York - Alcoa is keeping Paul Singer on its side as it prepares to split into two in the midst of the lowest aluminum prices in six years. Show More Summary
The agreement with Elliott Management, the activist hedge fund, comes as Alcoa prepares to divide itself into two.
Fortescue, Newcrest, South32, Alcoa, Woodside and Santos eyed for possible rating downgrade.
By What Percentage Will Alcoa’s Automotive Revenues Grow Over The Next Five Years? ’s automotive revenues could grow by 32% over the five years, as shown below. Data taken from 2015 North American Light Vehicle Aluminum Content Study by Ducker Worldwide Assuming ’s automotive aluminum shipments to grow at same rate as overall industry Assumed […]
Alcoa sank 8.9 percent after the aluminum manufacturer's latest quarterly results included revenue that fell short of expectations
The most important takeaway from the earnings call was that Alcoa remains on track to complete the separation of its upstream and value-added business segments into two companies in the second half of 2016, with cost reduction expected...Show More Summary
Alcoa reports a net loss amid lower aluminium prices and plant closures in the fourth quarter. ||| New York - Alcoa just showed why its chief executive officer can’t wait to get out of the aluminium-making business. Klaus Kleinfeld wants...Show More Summary
Aluminium giant kicks off earnings season, reports lower sales but beats profit forecasts.
Some companies are notorious for buying back billions in stock in order to mask the decline in their earnings by reducing the number of shares outstanding. Alcoa, which still has a major debt overhang from the last financial crisis, is unable to do that as it simply does not have the free cash flow to dedicate to shareholder friendly activities. Show More Summary
CHICAGO (Reuters) - Metals company Alcoa Inc on Monday reported a quarterly net loss after charges related to shuttering parts of its traditional smelting business. The New York-based company posted a fourth-quarter loss of $500 million or 39 cents per share, compared with a net profit of $159 million or 11 cents per share a year earlier. Show More Summary
Earnings season kicks off, with aluminum gian Alcoa announcing quarterly earnings. Analysts are expecting the company to report earnings of $0.02 per share and revenue of $5.30 billion. As a global supplier of a key industrial metal, Alcoa is considered a bellwether of the economy. Refresh this page for updates... Show More Summary
Last week’s stock-market carnage underscored many investors’ fears of what could lie ahead in the Q4 earnings season: more bad news. The period kicks off after the close of trading today, when aluminum-maker Alcoa (AA) releases its results. As for AA itself, the stock has lost a chunk of its value [...]
The volumes of the Engineered Products and Solutions segment will rise in Q4, given the spate of acquisitions pertaining to Alcoa’s value-added businesses over the past couple of years. The value-added segments will continue to riseShow More Summary
NEW YORK (Reuters) - Alcoa Inc said on Thursday it will permanently close its 269,000 tonne-per-year Warrick Operations smelter in Evansville, Indiana, by the end of first quarter, the latest in a string of U.S. smelter curtailments as producers struggle with tumbling prices. Show More Summary
The Alcoa (AA) report after the close on January 11th will put the spotlight on the Q4 earnings season. We have a total of 11 S&P 500 members reporting results next week, including J.P. Morgan (JPM), Wells Fargo (WFC), Citigroup (C) and Intel (INTC). But the reporting cycle will really ramp...
Next week will bring some top-tier economic readings, but the major coming catalyst for the market is the Q4 earnings season that gets into the spotlight following the January 11th earnings report from Alcoa (AA). To that end, the ongoing weakness in oil prices...