Aluminum

(AA) Alcoa Cuts Energy for Wheels

Alcoa Inc. (AA) announced that its Alcoa Wheel and Transportation Products casthouse expansion at Barberton, Ohio, facility is expected to cut down half of the total amount of energy that is used to recycle aluminum for forged wheels....

27Aug2013 | | Comments Off on (AA) Alcoa Cuts Energy for Wheels | Continued

(AA) Alcoa Defers Construction in Quebec Smelter

Aluminum giant Alcoa Inc. (AA) announced that it will delay the construction of a potline at its Baie-Comeau smelter in Quebec as part of a revised modernization schedule and will start preparing for the upgrade by investing $100 million...

15Jul2013 | | Comments Off on (AA) Alcoa Defers Construction in Quebec Smelter | Continued

(AA) Alcoa Considering Cutbacks

Alcoa Inc. (AA) has announced the possibility of a cutback in aluminum production. The company said that it will review 460,000 metric tons of smelting capacity over the next 15 months for potential curtailment. Alcoa is taking this...

16May2013 | | Comments Off on (AA) Alcoa Considering Cutbacks | Continued

(AA) Alcoa Recognized in China

Aluminum giant Alcoa Inc. (AA) has announced that it has received the 2013 Accessory of the Year Award in China. The company was honored in the Best Safety & Energy Savings category.

Alcoa received the award based on its...

19Feb2013 | | Comments Off on (AA) Alcoa Recognized in China | Continued

(AA) Fourth Quarter Earnings Expectations Keep Coming Down – Earnings Preview

Aluminum producer Alcoa’s (AA) earnings report is generally considered the start of each quarterly earnings cycle. And by that measure, the fourth quarter earnings season will get underway with Alcoa’s report after the close on...

9Jan2013 | | Comments Off on (AA) Fourth Quarter Earnings Expectations Keep Coming Down – Earnings Preview | Continued

(AA) Fourth Quarter Earnings Season Gets Underway – Earnings Preview

Q4 Earnings Season Gets Underway

We are still some days away from what is ‘unofficially’ considered the start of the fourth earnings season when aluminum producer Alcoa (AA) reports results on January 8th....

17Dec2012 | | Comments Off on (AA) Fourth Quarter Earnings Season Gets Underway – Earnings Preview | Continued

(AA) Stock Market News for October 9, 2012 – Market News

Benchmarks closed in the red on Monday after the World Bank reduced growth estimates for East Asia and the Pacific region. Meanwhile, investors remained apprehensive ahead of the third-quarter earnings season, which will kick off today with Alcoa reporting its results after the closing bell. Eventually,...

16Oct2012 | | Comments Off on (AA) Stock Market News for October 9, 2012 – Market News | Continued

(AA) Stock Market News for October 11, 2012 – Market News

Alcoa’s third quarter loss and its forecast of a dismal global economic situation dragged benchmarks into the red on Wednesday. Meanwhile, Chevron forecasted a “substantially lower” third-quarter profit, which further intensified the bearish mood. Separately, the U.S. Federal Reserve released...

11Oct2012 | | Comments Off on (AA) Stock Market News for October 11, 2012 – Market News | Continued

(AA) Stock Market News for August 7, 2012 – Market News

Benchmarks had a quiet session on Monday in the absence of major domestic headlines and ended with meager gains. Positive sentiment created by nonfarm payroll data released on Friday overflowed into Monday as well. Meanwhile, Spanish Economy Minister Luis de Guindos said that there is no need for...

9Aug2012 | | Comments Off on (AA) Stock Market News for August 7, 2012 – Market News | Continued

(AA) Company News for July 11, 2012 – Corporate Summary

•    Alcoa Inc. (NYSE:AA) posted second quarter earnings per share of $0.06, matching the Zacks Consensus Estimate of $0.06

•    PriceSmart, Inc. (NASDAQ:PSMT) reported third quarter...

11Jul2012 | | Comments Off on (AA) Company News for July 11, 2012 – Corporate Summary | Continued

(AA) Alcoa Adopts Natural Reforestation Program

Aluminum giant  Alcoa Inc. (AA) announced that the company is using a very cost effective and natural way of reforestation at its Juruti bauxite mine in Brazil. The method is based on the theory of nucleation, where reforestation...

5Jun2012 | | Comments Off on (AA) Alcoa Adopts Natural Reforestation Program | Continued

(AA) Stock Market News for January 26, 2012 – Market News

Markets recouped initial losses of and made a strong comeback after the Federal Reserve provided assurances that it would keep interest rates near zero until late 2014.The Dow hit its highest levels since May last year, while a robust earnings report from Apple propelled Nasdaq to a finish in the...

26Jan2012 | | 0 comments | Continued

(AA) Company News for January 9, 2012 – Corporate Summary

•    After RF Micro Devices Inc. (NASDAQ:RFMD) suggested that its fiscal third quarter revenues might fail to meet analyst’ estimates, its shares declined 19.5% on Friday

•    Following Transocean Ltd.’s (NYSE:RIG)...

9Jan2012 | | 0 comments | Continued

(AA) Stock Market News for October 26, 2011 – Market News

The benchmarks’ three-day rally hit a roadblock as the lack of conviction among investors about European leaders finding a solution to the region’s debt crisis on Wednesday’s summit and disappointing domestic corporate earnings weighed down the markets.

Markets reversed their winning...

26Oct2011 | | 0 comments | Continued

(AA) U.S. Market in Wait and See Mode

With nothing major on the economic calendar today, the market will likely repeat Tuesday’s performance and remain in a wait-and-see mode for the earnings season to unfold. We had a fairly disappointing start to this reporting cycle on Tuesday, but no one is reading too much into Alcoa’s...

12Oct2011 | | 0 comments | Continued

(AA) The Volcker Rule and Earnings – Economic Highlights

With nothing major on the economic calendar today, the market will likely repeat Tuesday’s performance and remain in a wait-and-see mode for the earnings season to unfold. We had a fairly disappointing start to this reporting cycle on Tuesday, but no one is reading too much...

12Oct2011 | | 0 comments | Continued

(AA) Stock Market News for October 12, 2011 – Market News

On Tuesday, markets ended mixed after trading in a tight range throughout the day, as investors anxiously waited for Slovakia’s vote for or against bolstering Europe’s financial rescue plan. Investors also eagerly awaitedAlcoa’s quarterly results, which would kick-start the third quarter...

12Oct2011 | | 0 comments | Continued

(AA) Stock Market News for September 29, 2011 – Market News

Benchmarks snapped their three-day winning streak as investors grew anxious about Europe’s lingering debt crisis that is now threatening the global economy. Commodity shares dragged down indices as energy and raw materials lost their sheen after a steep drop in their prices.

The Dow Jones...

29Sep2011 | | 0 comments | Continued

(AA) Stock Market News for September 23, 2011 – Market News

A heavy sell-off in the markets on Thursday triggered by policymakers’ failure to combat global recessionary fears battered the benchmarks to their heaviest single-day fall in five weeks. While the fear-gauge soared 12% and the sell-off entered into its fourth-straight day, the Dow had slumped by...

24Sep2011 | | 0 comments | Continued

(AA) Stock Market News for September 12, 2011 – Market News

On Friday fears of Greece defaulting on its debt and a top German official’s resignation from the European Central Bank heightened concerns about the economic situation, which subsequently rattled the US markets. Concerns from Europe overshadowed President Barack Obama’s $447 billion stimulus...

12Sep2011 | | 0 comments | Continued

(AA) Stock Market News for August 16, 2011 – Market News

In what is being termed as the return of “Merger Monday”, an acquisition spree gave a boost to markets which posted its longest rally since early July. Additionally, positive economic news from Japan also brought joy to the markets and helped the Dow record its best three-day point gains since...

16Aug2011 | | 0 comments | Continued

(AA) Stock Market News for August 10, 2011 – Market News

An unprecedented step by the Federal Reserve to keep the interest rate near zero for another two years returned cheer to the markets as the Dow soared up by 429 points. The Street finally enjoyed one of its best days in two years a day after it was sent crashing following Standard & Poor’s downgrade...

10Aug2011 | | 0 comments | Continued

(AA) Stock Market News for August 5, 2011 – Market News

The specter of another recession haunted investors and dealt a body blow to the markets which crashed to their worst day since the economic crisis of 2008. On Wednesday, just when the Dow looked like ending its longest losing streak of nine days since Jimmy Carter held office, the index plunged over...

5Aug2011 | | 0 comments | Continued

(AA) Stock Market News for July 28, 2011 – Market News

With no resolution in sight to the debt ceiling issue, heightened anxiety among investors led the benchmarks lower for the third consecutive day and markets posted their worst day in eight weeks. Adding to the woes, economic sluggishness continued to foster negative sentiments as the Dow seems to...

28Jul2011 | | 0 comments | Continued

(AA) Stock Market News for July 15, 2011 – Market News

Comments from Federal Chairman Ben Bernanke on the second day of his testimony to Congress dragged the markets into negative territory as he quelled all hopes of a third round of economic stimulus. Economic reports ahead of the opening bell had been encouraging, but failed to sustain the momentum...

16Jul2011 | | 0 comments | Continued

(AA) Company News for July 12, 2011 – Corporate Summary

•    Alcoa (NYSE:AA) posted Q2 EPS of $0.32, lower than the Zacks Consensus Estimates of $0.34 per share. Revenues for the quarter rose 27% year-over-year to $6.59 billion

•    Swiss chemicals company Lonza Group (CH:LONN)...

12Jul2011 | | 0 comments | Continued

(AA) Employment Numbers Stink – Bureau of Labor Statistics

Wow — this is a big miss. With analysts expecting 125,000 new jobs created in the the month of June, the Bureau of Labor Statistics (BLS) has just released the June nonfarm payroll numbers: a whopping total of 18,000 new jobs. This is also a surprise considering yesterday’s better-than-expected...

8Jul2011 | | 0 comments | Continued

(AA) Stock Market News for July 5, 2011 – Market News

Markets skyrocketed to post their best weekly performance in two years as investor sentiment was bolstered by optimistic economic reports that somewhat washed out fears of a sluggish economic recovery. The Dow, in particular, had a great run, collecting 648 points over the week. This was its best...

5Jul2011 | | 0 comments | Continued

(AA) Alcoa & Saudi Arabian Mining Company, Ma’aden Secure $1 Billion Loan

Saudi Arabian Mining Company, Ma’aden and Alcoa Inc. (AA) have secured $1 billion loan from Public Investment Funds (PIF) for phase II of aluminum project in Saudi Arabia. The loan amount will finance the Ma’aden Bauxite...

5Jul2011 | | 0 comments | Continued

(AA) A Week of Macro Indicators

Fresh from an extended 4th of July weekend, traders and investors must re-engage the markets and their myriad questions — debt ceiling getting raised? Greek bailout? etc. — to hopefully better navigate the turbulence that has claimed the trading market all season thus far.

Earnings...

5Jul2011 | | 0 comments | Continued