Aluminum
(AA) Modest Profits for Alcoa
Shares of US aluminum giant Alcoa Inc. (AA) dropped 6% in after-hours trade and closed at $17.45 following the fourth quarter and full year 2009 earnings announcement on Monday. In the fourth quarter of 2009, Alcoa posted a modest profit of 1 cent, missing the Zacks Consensus...
12Jan2010 | vitalstocks | 0 comments | Continued(AA) Alcoa Cutting Jobs at Two Tennessee Plants
U.S. aluminum giant Alcoa Inc. (AA) has plans to eliminate jobs at its Tennessee operations due to lower demand for aluminum can sheet. The company is cutting 90 jobs at its Blount County plant and 145 jobs at a sister operation in Indiana as it seeks to trim its work force to...
6Jan2010 | vitalstocks | 0 comments | Continued(AA) Alcoa Signs Agreement With Saudi Arabian Mining Co
According to published reports, U.S. aluminum giant Alcoa (AA) has signed an agreement with the state-run Saudi Arabian Mining Co. (Maaden) to build a $10.8 billion aluminum complex. Under the agreement, the two firms will build a 1.8 million ton per year aluminum refinery and...
22Dec2009 | vitalstocks | 0 comments | Continued(AA) Alcoa Surprises With a Profit Against a Projected Loss
Aluminum giant, Alcoa Inc. (AA) posted a profit of 8 cents in the third quarter of 2009 (after three consecutive quarterly losses), in contrast to the Zacks Consensus Estimate of a loss of 9 cents, helped by lower costs. Year-over-year earnings declined 34% from 33 cents. Alcoa’s...
8Oct2009 | vitalstocks | 0 comments | Continued(AA) Alcoa Hopeful about Aluminum
Alcoa Inc. (AA) recently realigned its Global Primary Products (GPP) business organization in order to poise the company to seize growth opportunities on economic recovery. Alcoa has named John Thuestad as the Chief Operating Officer for GPP Worldwide and Jean-Pierre Gilardeau...
8Sep2009 | vitalstocks | 0 comments | Continued(CENX) Century Aluminum Sells Alumina, Bauxite Stake
Century Aluminum Co. (CENX) recently sold its 50% joint venture interest in Gramercy Alumina LLC and St. Ann Bauxite Ltd. to Noranda Aluminum Holding Corp. In 2004, Century and Noranda formed a 50-50 partnership while acquiring Gramercy and St. Ann from Kaiser Aluminum and Chemical...
2Sep2009 | vitalstocks | 0 comments | Continued(ACH) Top Income Equity Funds – Mutual Fund Commentary
Today we are featuring top-performing “Income” equity mutual funds, which primarily invest in equity securities of companies. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Income Equity Funds. 3 Strong Samples Azzad Ethical Income...
26Aug2009 | vitalstocks | 0 comments | Continued(ACH) Aluminum Corporation of China Hurt by Metal Prices
Aluminum Corp. of China Ltd., a.k.a. Chalco (ACH), witnessed a loss in the first half of the year, driven by a fall in metal prices. Net loss in the period amounted to RMB 3.52 billion ($515 million). This reflected a 47% decline from the profit of RMB 2.39 billion ($349 million)...
26Aug2009 | vitalstocks | 0 comments | Continued(TG) Tredegar Corp. – Aggressive Growth – Zacks Rank Buy
Tredegar Corp. (TG) recently shocked Wall Street with its latest earnings report. Shares are climbing as the stock hits a critical level. Company Description Tredegar Industries, Inc. is engaged in the manufacturing of plastic films, vinyl extrusions and aluminum extrusions....
14Apr2009 | vitalstocks | 0 comments | Continued(AA) Small-Cap Investing: How to Play The Emerging Small-Cap Rally
Small-Cap Investing: How to Play The Emerging Small-Cap Rallyby Louis Basenese, Advisory Panelist Associate Investment Director, The Oxford Club Wednesday, January 7, 2009: Issue #911 Forget the grim news that Alcoa (NYSE: AA) is slashing costs and cutting 13% of its workforce....
14Jan2009 | InvestmentU | 0 comments | Continued