Aluminum producer Alcoa Inc. said Tuesday it is considering taking a minority stake in a prospective Vietnamese bauxite mine and alumina refinery. Alumina, which comes from bauxite, is processed into aluminum.
Under terms of a cooperation agreement Alcoa signed with state-owned Vietnam National Coal-Mineral Industries Group, a subsidiary of the U.S. company will conduct due diligence on buying a
Alcoa (AA), a Dow Jones component that manufactures aluminum and is taking advantage of the recent materials rise, broke key resistance to make a new high in 2008 today, and could continue higher to make potential all-time highs soon.
Let’s see what’s up:
The stock broke a rectangle consolidation period from $34 to $39 per share, giving [...]
CONGRESSO DE COMUNICAÇÃO TRAZ AO BRASIL A PRESIDENTE DA ALCOA FOUNDATION PARA FALAR SOBRE SUSTENTABILIDADE
Executiva fará a conferência magna de abertura sobre Empresas e Comunidadades - Compromisso pelo crescimento sustentável
Meg McDonald, presidente da Alcoa Foundation, aceitou convite dos organizadores do 11º Congresso Brasileiro de Comunicação Corporativa, organizado pela Mega Brasil
CONGRESSO DE COMUNICAÇÃO TRAZ AO BRASIL A PRESIDENTE DA ALCOA FOUNDATION PARA FALAR SOBRE SUSTENTABILIDADE
Executiva fará a conferência magna de abertura sobre Empresas e Comunidadades - Compromisso pelo crescimento sustentável
Meg McDonald, presidente da Alcoa Foundation, aceitou convite dos organizadores do 11º Congresso Brasileiro de Comunicação Corporativa, organizado pela Mega Brasil
The earnings season couldn't have got off to a worse star with Alcoa and GE both disappointing. But one has to question why the market reacted so violently this week to these 2 behemoths. After all, over the last 5 years, both stocks have made absolutely no money for investors.
I am the first to agree that a weak economy would certainly impact these companies, but then they didn't exactly outperform during economic expansion either.
All I am saying is that we need to get away from being jolted by the stocks of yesteryear. They are old news and I am not influenced by their earnings.
I am still concerned about the recession and the markets but these companies are not a good measure of our broader markets.
-- Faisal Laljee
Full Disclosure: I do not own GE or AA but my position c
Alcoa Round Ball Rumble
May 30th,31st,and June 1st 2008
Alcoa, Tennessee
Contact: Tim Russell - 865-216-1293
Tournament:
Alcoa Round Ball Rumble
Dates:
May 30th,31st,and June 1st 2008
Location:
Alcoa High School and Alcoa Middle School
Alcoa, Tennessee
Cost:
$150
Age Groups:
11-16 Girls
Host Club :
Alcoa Stars
Games (Min):
3
Contact:
Tim Russell
Email:
trussell@alcoaschools.net
Phone:
865-216-1293
Fax:
865-380-2533
Address:
3612 Old Sam Houston School Rd.
[...]
US HOT STOCKS: Alcoa, AMD Active In Late Trading -2-
Last Update: 4/7/2008 5:06:22 PM
Among the companies whose shares are active in after-hours trading Monday are
Alcoa Inc. (AA) and Advanced Micro Devices (AMD).
Alcoa shares slipped 4 cents to $37.40 after the U.S.’s largest aluminum producer
posted a 54% drop in first-quarter net income amid what it called [...]
UPDATE: Alcoa Trims Growth Forecast For ‘08 Aluminum Demand
Last Update: 4/7/2008 5:51:27 PM
(Updates with conference call comments and additional detail.)
By Bob Sechler
Of DOW JONES NEWSWIRES
Alcoa Inc. (AA) is forecasting 8.5% growth in worldwide primary aluminum
consumption this year, a decline from the company’s prior estimate of more than
9%.
The biggest [...]
ALCOA Inc. (NYSE: AA) gave a strange earnings report today. The aluminum giant gave $0.37 EPS on $7.4 Billion in revenues. First Call had this quarter...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
ALCOA, Inc. (NYSE: AA) is seeing shares trade higher ahead of its earnings report after today's close. Goldman Sachs appears to be the initial reason as it has...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
"After naming Merrill Lynch CEO Stan O'Neal (yes, that Stan O'Neal, the one who was forced to step down after revealing $8.4 billion in mortgage writedowns for the investment firm last fall) to its board, Alcoa and Chinese competitor Aluminum Corporation of China, or Chalco, as it's known, bought a 9% stake (12% of its London shares) in Rio Tinto." -- Stephanie Grimmett
by Stephanie Grimmett
Baltimore &ndash… Read more »
Alcoa (NYSE:AA - News) today reported third quarter income from continuing operations of $558 million, or $0.64 per diluted share. Third quarter income from continuing operations increased three percent from $540 million, or $0.62, in the third quarter of 2006. Income from continuing operations was $716 million, or $0.81, in the second quarter of 2007.As a result of the Company's strong capital structure and healthy cash flows, Alcoa's Board of Directors has authorized the repurchase of up to 25 percent of the company's outstanding common stock, or approximately 217 million shares. Under the earlier repurchase program, 43 million shares, or approximately five percent, had already been repurchased by the end of the third quarter, leaving the company with authorization to buy back approximately 174 million shares."The Chalco sale, combined with proceeds from the upcoming sales of our packaging and auto castings businesses, give us a strong balance sheet, increased flexibility to ramp-
In the latest breaking business news, Klaus Kleinfeld will become the COO and President at Alcoa after he left Siemens just a few months ago.
Klaus Kleinfeld has been of the Alcoa board of directors for some time, since 2003.
Alcoa is a big player in the aluminium industry and the Alcoa Chairman and CEO said:
“Klaus Kleinfeld has a proven track record of running successful complex, international businesses. He is a seasoned leader who demands results and has a keen sense of the strategic challenges facing the company through his work on the board.”
How do you think Klaus Kleinfeld will perform at Alcoa?
Was the move already in place when Klaus Kleinfeld left Siemens?
Will Klaus Kleinfeld be abel to cope with the current credit squeeze in the markets?
Source
Written by Roy for Product ReviewsIn Sections: News, Business
Unfortunately, when rumors started to emerge over the possibility of Alcoa (AA) being taken over, investors weren’t expecting Alcan (AL) to actually get the buyout bid. Since then, Alcoa has been on a wild ride down to share prices once seen back in April and May. Alcoa is an exceptional metal company and should be purchased when the market finally reaches a level of support.
Disclosure: No Conflicts.
Jim Cramer first mentioned Alcoa Inc (AA) as a possible takeover target by private equity in the January 31, 2007 "Sudden Death" segment of Mad Money. While previously, he had referred callers to best-of-breed steel company Alcan (AL), since his first recommendation of Alcoa (AA) in 2007, the stock has climbed 46%, beating the S&P 500 return of 7.7% over the same time period. On March 13, 2007, Cramer again reiterated his view that Alcoa (AA), as well as The Dow Chemical Company (DOW), were ripe for a potential acquisition by a private equity firm. Since then, Jim has been quoted many times as saying that Alcoa (AA) will not be public by the end of 2007, and now that Alcoa (AA) has retracted its bid for Alcan (AL) and Rio Tinto (RTP) looks to be Alcan's true acquirer, Alcoa (AA) may well be acquired by the end of this year.
Hello Everyone I'm back again from a small vacations in Palma of Maiorca just for relax my mind from the stress. Well, let's talk now about stocks.Chart courtesy of stockchartsShares of Alcoa were up today more than 1% to 42.36$ with a high volume before the earnings report. At this moment stock is falling nearly 1% in the extended trading after reported that second-quarter profit slipped nearly 4 percent as outage costs at two smelters weighed down results. Looking at the daily chart stock is trading near of the highs of the year in a Bullish moment, so even with this reaction in after-hours I believe in a tecnical perspective and based in the chart above, that stock should continue this uptrend. Keep an eye on AA for a possible breakout above 42.90 or on the other hand for a breakdown below 39.48$ ( I don't believe in the second scenario ).Chart courtesy of stockchartsHANS - Keep an eye tomorrow for a possible breakout over 46.44$.Disclaimer : Trading stocks involves risk, this i
There's a lot of food for thought in this Reuters write up that actually focuses on Alcan's (AL) options: Alcan says considering all options to Alcoa bid. The heavy put volume Wednesday in BHP Billiton (BHP), that I noted earlier in my Options Screener, has my antenna up that something may be coming down the pike in the aluminum space. Also noteworthy that call options volume in the July AA contracts swamped put volume. The heaviest of the AA July call volume was centered in the out of the money 42.5 and 45 strikes, though there was trading in the 47.5 and 50 call strikes. I have no position yet, but will be keeping a close eye on the activity later today.
Last week, Alcan (AL) rejected the $28.4 billion bid from Alcoa (AA). The deal would’ve potentially created the largest aluminum company in the world. Shares of Alcan rallied on after the dismissal of AA’s bid, and the opportunity caused more companies to step up to the plate and make their own bids.
Two of the most noticeable companies offering to buy the company are Rio Tinto (RTP) and BHP Billiton (BHP). Rio Tinto is in talks with Deutsche Bank to advise on a reasonable bid for Alcan. In a similar release, Canadian press reported that BHP Billiton is in direct talks with Alcan for alternatives to Alcoa’s bid.
What’s most interesting about Rio Tinto is the fact that the company has been under buyout speculation for quite some time from BHP Billiton. Rumors of BHP buying Rio Tinto for $100 billion never came true, even though shares in RTP have continued onto record highs.
All this buyout and M&A activity leads to only one conclusion. The commodity and min
For daily-updated scholarship info, click hereUSA Third Round of Alcoa Foundation Fellowship Deadline: 31 May 2007 The World Conservation Union (IUCN), one of three Sustainability Institutes for the Alcoa Foundation Conservation and Sustainability Fellowship Programme, is calling for qualified mid-career conservation and sustainable development practitioners from NGOs to submit high-quality proposals for applied research in the following areas key to IUCN’s work:The Implications of Biodiversity of Alternative New Forms of Energy Review and Synthesis of Corporate Biodiversity Management and Reporting Systems (including Indicators) Biomimicry – The Use of Biological Systems to Help Design New Approaches to Sustainability The Contribution of the Cultural and Spiritual Values of Indigenous Peoples to Protected Area Objectives Detailed Case Study of One or More Biodiversity Compensation Schemes The Implications for Conservation of Major Demographic Trends, Including Ageing, Urbanizat
Alcoa Inc. is making a hostile bid for Canadian aluminum rival Alcan Inc. worth nearly $27 billion after failing in almost two years of private talks to reach a negotiated deal.
Alcan's U.S. shares...
Aluminum producer Alcoa Inc. kicked off the first-quarter earnings period Tuesday by posting an almost 9 percent rise in profits on favorable metal prices and strong sales.
The Pittsburgh-based...
Aluminum producer Alcoa Inc. kicked off the first-quarter earnings period Tuesday by posting an almost 9 percent rise in profits on favorable metal prices and strong sales.
The Pittsburgh-based...
Thursday Morning, April 5th
Special Situation Update:
BMD - Birch Mountain has received an order for 500,000 tons of
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