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Alcoa Inc (NYSE:AA): Changing Its Way of Working

Boston, MA 12/13/2013 (wallstreetpr) – Alcoa Inc (NYSE:AA),the company which is involved in the management and production of primary aluminium, fabricated aluminium and alumina, has always faced many challenges with great efficiency. It has tried and succeeded to come out of any possible storm. Problem Right now, the company, at the request of various automakers, […]

Alcoa Inc (NYSE:AA) Issues Another Three-Year Growth Target

Boston, MA 11/26/2013 (wallstreetpr) – Alcoa Inc (NYSE:AA) with $10.26 billion market value is the leading supplier of aluminum powder. Since 2010, the company has set a six-year growth strategy which is slit into two phases of three years each. The first phase run from 2010 to 2013 of which the company has announced that it […]

Alcoa Inc (NYSE:AA) Revives Talks With Klesh

Boston, MA 10/29/2013 (wallstreetpr) – As per Reuters, AlcoaInc (NYSE:AA), a U.S. aluminum grouphas signaled its willingness to revive talks to sell its Italian plant to the Swiss industrial group Klesch, here on Monday. Reportedly, Klesch, a Swiss based Industrial group had made an expression of interest formally for buying the company’s plant in Sardinia last year. […]

Alcoa Inc (NYSE:AA) Announces JV With The Russians

Boston, MA 10/24/2013 (wallstreetpr) – Alcoa Inc (NYSE:AA) announced the formation of a new joint venture with VSMPO-AVISMA Corporation. VSMPO-AVISMA Corp. is a leading manufacturer of titanium ingots and forged products in Russia. The JV will develop high end titanium and aluminum products for the fast growing aerospace industry and is expected to be operational by […]

Alcoa Inc (NYSE:AA) Rides On High Waves

Boston, MA 10/23/2013 (wallstreetpr) – Shares of Alcoa Inc (NYSE:AA) has been rising ever since news of the company to enter into a JV with VSMPO reached the market. The JV is expected to target aerospace products. VSMPO is world’s No. 1 titanium producer, which has also raised expectations from the JV. The JV has found opportunity […]

Alcoa Inc (NYSE:AA) Banks On CEO

Boston, MA 10/21/2013 (wallstreetpr) – Alcoa Inc (NYSE:AA) has been facing the heat for some time now on the back of oversupply in the aluminum industry. The company has been removed from the Dow Jones Industrial Average (DJIA) some days back. The world’s third largest producer of aluminum is struggling to survive and post profits. Alcoa’s […]

Alcoa Inc (NYSE:AA) Shuts A Smelter In Saudi, What Is The Impact?

Boston, MA 10/17/2013 (wallstreetpr) – The aluminum producer and the largest foreign investor in China, Alcoa Inc (NYSE:AA)has announced immediate shutdown of one of its smelters in Saudi Area at Ma’aden. The shutdown is however temporary, the company has clarified. The reason for this smelter closure is connected to instability glitch with one of two plotlines. […]

Alcoa Inc (NYSE:AA) Honored By US-China Committee

Boston, MA 10/16/2013 (wallstreetpr) – Alcoa Inc (NYSE:AA) is the China’s largest foreign investor. The company is committed to China’s growth story. Now this has attracted the attention of the Nation Committee on US-China Relations which is set to honor its CEO Klaus Kleinfeld this at an annual dinner today. Since 1993, the aluminum producer has […]

Pressure Still Mounts On Alcoa Inc (NYSE:AA)

Boston, MA 10/14/2013 (wallstreetpr) – Earlier last week, Alcoa Inc (NYSE:AA), posted  its third quarter earnings which were above the market expectations of 5 cents earnings per share. Despite of a marginal drop in sales, reported at $5.77 billion, the company’s earnings rose to $120 million i.e. 11 cents of earnings per share from $32 million or […]

Transocean (NYSE:RIG) Wins Appeals against Court Ruling – RIG, NGLS, XOM, CVX, AA

The world’s biggest offshore rig contractor, Transocean LTD (NYSE:RIG), declared that it won an appeals court ruling that returns a $15M jury verdict against shipping firm A.P. Moeller Maersk A/S (MAERSKB) over a way to drill fines. Federal Circuit said in a decision posted on its website yesterday that a trial judge was incorrect to […]