International Business News - Alcoa http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Aluminum producer Alcoa Inc. spent $530,000 in the second quarter lobbying the federal government on power availability, defense contracts and other issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20080826/alcoa-spent-530k-lobbying-government-in-2q.htm Tue, 26 Aug 2008 17:29:55 EDT Alcoa Inc. will lay off about 300 workers at a Texas smelter and is suing the plant's power supplier, claiming it caused power disruptions that forced the firings, the aluminum maker said Friday. http://www.ibtimes.com/articles/20080822/alcoa-to-lay-off-300-workers-at-texas-smelter.htm Fri, 22 Aug 2008 19:08:12 EDT Aluminum producer Alcoa Inc. said Monday it has received official notice from Highfields Capital Management of its intention to acquire up to 8 percent of the company's common shares. http://www.ibtimes.com/articles/20080728/highfields-intends-to-acquire-8-percent-of-alcoa.htm Mon, 28 Jul 2008 16:15:09 EDT Aluminum producer Alcoa Inc. said Tuesday it secured hydropower from a public utility in Washington state to power its aluminum smelter through 2028. The new 17-year contract, which begins in 2011, will provide enough energy to enable the startup of a third potline at the smelter in 2012, the Pittsburgh-based company said. Financial terms weren't disclosed. http://www.ibtimes.com/articles/20080715/alcoa-signs-17-year-deal-with-wash-public-utility.htm Tue, 15 Jul 2008 12:13:37 EDT Aluminum producer Alcoa Inc. said Friday it plans to cut more than 1,200 jobs in Mexico and Honduras because of weak demand from the North American auto market. http://www.ibtimes.com/articles/20080711/alcoa-to-cut-1-200-jobs-in-mexico-and-honduras.htm Fri, 11 Jul 2008 17:07:03 EDT Shares of Alcoa Inc. jumped Wednesday morning after the aluminum company's second-quarter profit dropped 24 percent, but still beat Wall Street's expectations. http://www.ibtimes.com/articles/20080709/out-of-the-gate-alcoa-shares-up-after-2q-results.htm Wed, 09 Jul 2008 09:54:16 EDT Alcoa Inc., the world's third-largest aluminum producer, ushered in the second-quarter earnings season by posting a 24 percent earnings decline as rising production costs eroded profits, but the results still exceeded analysts' expectations. http://www.ibtimes.com/data/articleimgs/88288-earns-alcoa.jpg http://www.ibtimes.com/articles/20080709/alcoas-2q-profit-sinks-24-percent-on-higher-costs.htm http://www.ibtimes.com/articles/20080709/alcoas-2q-profit-sinks-24-percent-on-higher-costs.htm Wed, 09 Jul 2008 10:30:52 EDT Alcoa Inc.'s second-quarter earnings fell nearly 24 percent as higher prices failed to offset the costs of raw materials, energy and plant disruptions, the aluminum producer said Tuesday. http://www.ibtimes.com/data/articleimgs/88213-.jpg http://www.ibtimes.com/articles/20080708/alcoas-profit-sinks-percent-higher-costs.htm http://www.ibtimes.com/articles/20080708/alcoas-profit-sinks-percent-higher-costs.htm Tue, 08 Jul 2008 20:15:39 EDT Alcoa Inc., a Dow Jones industrial average component and one of the world's largest aluminum producers, reports earnings for the second quarter on Tuesday after the closing bell. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080707/earnings-preview-alcoa-earnings-expected-to-slide.htm Mon, 07 Jul 2008 13:59:05 EDT Alcoa is likely to kick off the second-quarter reporting season with lower earnings on Tuesday. The price of aluminum rose in the second quarter but gains were likely offset by higher costs for raw materials and energy, according to Soleil Securities Group Inc. analyst Charles Bradford. http://www.ibtimes.com/articles/20080707/on-the-watch-alcoa-and-general-electric.htm Mon, 07 Jul 2008 18:04:55 EDT An analyst upgraded Alcoa Inc. Thursday, citing a recent drop in the aluminum company's stock. Soleil Securities Group analyst Charles Bradford boosted his rating to "Hold" from "Sell." http://www.ibtimes.com/articles/20080703/ahead-of-the-bell-alcoa-upgraded.htm Thu, 03 Jul 2008 07:54:43 EDT Aluminum producer Alcoa Inc. announced Tuesday that it will look into buying a stake in a refinery project with a state-owned minerals development company in Vietnam. http://www.ibtimes.com/articles/20080624/alcoa-looking-into-deal-with-vietnam-refinery.htm Tue, 24 Jun 2008 23:16:00 EDT Shares of aluminum producer Alcoa Inc. fell Friday after it said it would temporarily idle half the production at its Rockdale, Texas, smelter due to power supply interruptions. http://www.ibtimes.com/articles/20080620/alcoa-falls-after-idling-some-production-at-plant.htm Fri, 20 Jun 2008 12:18:39 EDT Aluminum producer Alcoa Inc. said Thursday it would temporarily idle half of the production at its Rockdale, Texas, smelter due to power supply issues. http://www.ibtimes.com/articles/20080619/alcoa-to-curb-production-at-texas-smelter.htm Thu, 19 Jun 2008 16:23:22 EDT Alcoa Inc. shares fell in premarket trading Wednesday as a JPMorgan analyst said the company is not planning to sell itself or spin off part of its business--a move that will leave Wall Street "very disappointed." http://www.ibtimes.com/articles/20080611/ahead-of-the-bell-alcoa-falls-on-downgrade.htm Wed, 11 Jun 2008 08:49:30 EDT Alcoa Inc. shares fell Wednesday as a JPMorgan analyst said the company is not planning to sell itself or spin off part of its business--a move that will leave Wall Street "very disappointed." http://www.ibtimes.com/articles/20080611/ahead-of-the-bell-alcoa-falls-on-downgradfe.htm Wed, 11 Jun 2008 09:40:45 EDT An Australian joint venture of aluminum maker Alcoa Inc. said Tuesday its alumina supply contracts will be disrupted due to an explosion. The company declared a "force majeure"--a contractual clause absolving a supplier for delivery delays beyond its control--because of an explosion at its supplier Apache Energy's Varanus Island facility, which disrupted gas supply at its Western Australia facilities. http://www.ibtimes.com/articles/20080610/alcoa-says-explosion-hurts-australia-venture.htm Tue, 10 Jun 2008 17:17:44 EDT An analyst predicted a "smooth succession" for newly named Alcoa Chief Executive Klaus Kleinfeld, saying he expects him to make few radical changes to the aluminum maker. http://www.ibtimes.com/articles/20080509/ahead-of-the-bell-citi-sees-smooth-transition-for-alcoa-ceo.htm Fri, 09 May 2008 08:19:06 EDT Alcoa Inc., the world's third-largest aluminum producer, has named Klaus Kleinfeld as its new chief executive, the company said Thursday. Kleinfeld, 50, had been the Pittsburgh-based company's president and chief operating officer since August 2007 and a board member since 2003. He succeeds Alain Belda, 64, who will continue as chairman of the board. http://www.ibtimes.com/articles/20080508/kleinfield-named-new-alcoa-ceo-belda-to-stay-board-chairman.htm Thu, 08 May 2008 18:17:08 EDT An ironworkers' pension fund has sued aluminum maker Alcoa Inc. and its board of directors over a purported scheme to bribe officials in the Persian Gulf country of Bahrain. http://www.ibtimes.com/articles/20080508/ironworkers-pension-fund-sues-alcoa-over-bribery-allegation.htm Thu, 08 May 2008 14:06:37 EDT