Aluminum
(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...
26Jan2012 | vitalstocks | 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) announcement that its chief financial officer Ricardo...
9Jan2012 | vitalstocks | 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...
26Oct2011 | vitalstocks | 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...
12Oct2011 | vitalstocks | 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...
12Oct2011 | vitalstocks | 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...
12Oct2011 | vitalstocks | 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...
29Sep2011 | vitalstocks | 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,...
24Sep2011 | vitalstocks | 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...
12Sep2011 | vitalstocks | 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...
16Aug2011 | vitalstocks | 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...
10Aug2011 | vitalstocks | 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,...
5Aug2011 | vitalstocks | 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...
28Jul2011 | vitalstocks | 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...
16Jul2011 | vitalstocks | 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) will buy biocide firm Arch Chemicals, Inc....
12Jul2011 | vitalstocks | 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...
8Jul2011 | vitalstocks | 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....
5Jul2011 | vitalstocks | 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 and Alumina Company, which is owned 74.9% by...
5Jul2011 | vitalstocks | 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...
5Jul2011 | vitalstocks | 0 comments | Continued(AA) Alcoa Wins $1 Billion Contract
Alcoa Inc. (AA) the largest U.S. aluminum producer was awarded a $1 billion multiyear supply agreement with aerospace firm Airbus for aluminum sheet and plate products. As per the agreement, Alcoa’s products will be used in nearly all Airbus commercial aircraft programs including...
27Jun2011 | vitalstocks | 0 comments | Continued(AA) Alcoa in Joint Venture
Alcoa Inc.(AA) the largest U.S. aluminum producer, signed a memorandum with JSC Holding Inter-regional Distribution Grid Companies (JSC Holding IDGC), OJSC RUSNANO to set up a joint venture to develop and produce nano-coatings. The new JV project will manufacture anti-icing nano-coatings...
21Jun2011 | vitalstocks | 0 comments | Continued(AA) Alcoa Re-aligns for China
Alcoa Inc. (AA) stated that the company’s Asia-Pacific regional headquarters will report to Alcoa’s Business Excellence and Corporate Strategy organization, which is part of an initiative to support the expanding footprint of Alcoa’s three business groups in...
19Jun2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for May 19, 2011 – Market News
Markets benefited once again from commodities on Wednesday, as a rebound in that sector not only lifted the broader markets but dragged the indices out of the negative territory. Meanwhile, Fed minutes and a positive earnings report from bellwether Dell added to the cheer. The...
19May2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for May 18, 2011 – Market News
Lukewarm economic data discouraged investors as it showed further signs of economic weakness and coupled with the negative outlook from Hewlett-Packard Company, the markets continued its stay in the red. However, on the back of favorable corporate results, the indices showed...
18May2011 | vitalstocks | 0 comments | Continued(AA) Company News for May 03, 2011 – Corporate Summary
• Arch Coal, Inc. (NYSE:ACI) and International Coal Group, Inc. (NYSE:ICO) announced that they have signed a definitive agreement under which Arch will acquire all of the outstanding shares of ICG for $14.60 per share in an all-cash transaction valued at $3.4 billion • ...
3May2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for April 19, 2011 – Market News
Markets suffered their biggest fall of the month as Standard & Poor downgraded long-term US sovereign debt rating to “negative” based on the country’s incremental budget deficit. European sovereign debt worries and China’s move to increase bank’s reserve ratio requirements...
19Apr2011 | vitalstocks | 0 comments | Continued(AA) Market Net Margin Expansion Slowing
While the first quarter earnings season “officially” kicked off last week when Alcoa (AA) reported, it was a slow start. We have just 32 (6.4%) first quarter reports in. It will pick up steam this week, when 111 members of the S&P 500 are due to report. This week’s...
19Apr2011 | vitalstocks | 0 comments | Continued(AA) Alcoa Sells $1.25 Billion Notes
Alcoa Inc. (AA), the largest U.S. aluminum producer, has planned to raise capital by issuing public notes of $1.25 billion. The company expects net proceeds of more than $1.24 billion from the sale of these 5.40% notes due April 15, 2021. The transaction is expected to close...
18Apr2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for April 14, 2011 – Market News
On Wednesday, a choppy session finally came to a close with the benchmarks gaining modest points as the Federal Reserve provided assurances that the economy was improving and President Barack Obama announced plans to cut the U.S. budget deficit by $4 trillion over the next 12...
14Apr2011 | vitalstocks | 0 comments | Continued(AA) Alcoa Quarterly Earnings Beat by a Penny
Alcoa Inc. (AA) the largest U.S. aluminum producer has kicked off another earnings season with its first quarter posting an EPS of 28 cents and exceeding the Zacks Consensus Estimate by a penny. This excludes the negative impact of special items or 1 cent per share, including...
13Apr2011 | vitalstocks | 0 comments | Continued