Bumpy ride for corporate giving amid recession

2010-03-05T12:00:08Z

<div><p>NEW YORK (Reuters) - Giving by U.S. companies endured the worst recession in decades with mixed results as some pared back philanthropy in the face of tough times, others increased budgets and most predicted a steady 2010.</p><p>The economic downturn sparked some changes in giving priorities as well, with several companies placing more import...

Alcoa names John Thuestad executive vice president

2010-02-23T14:46:20Z

<div id="subtitle">Alcoa names John Thuestad executive vice president, group president of global primary products</div><div><p>Alcoa Inc. said Tuesday that its board has elected John Thuestad executive vice president and group president of global primary products.</p><p>Thuestad takes over the position next Monday. He succeeds

Fitch affirms Alcoa's debt ratings

2010-02-22T13:45:30Z

<div id="subtitle">Alcoa's investment-grade debt ratings affirmed by Fitch Ratings, outlook still negative</div><div><p>Fitch Ratings said Monday it affirmed its investment-grade rating on some of aluminum producer Alcoa Inc.'s debt, but said its outlook on the company remains negative.</p><p>Fitch affirmed Alcoa's issuer default rating, senior unsecured deb...

Alcoa CEO Kleinfeld earns $11.2 million in 2009

2010-02-19T17:15:26Z

<div id="subtitle">Alcoa CEO Klaus Kleinfeld earned $11.2 million in 2009 as aluminum maker faced weaker demand</div><div><p>Alcoa Inc. CEO Klaus Kleinfeld received a compensation package valued at $11.2 million in 2009 as the aluminum manufacturer struggled amid plummeting demand, according to an VATICAN CITY (Reuters) - Pope Benedict Sunday called on businesses and officials to stem job losses and made an explicit reference to two Italian plants to be shut soon, in a surprise boost to union efforts to keep the factories open.</p><p>"The ec...

Berlusconi appeals to Alcoa on smelters

2010-02-22T13:31:45Z

<div id="subtitle">Berlusconi to Alcoa: hold off on smelter idling in Italy till EU rules on electricity rates</div><div><p>Italian Premier Silvio Berlusconi is appealing to Alcoa to hold off on temporarily idling its two sm...

Cops: Woman claims white powder came from doughnut

2010-02-22T15:09:04Z

<div id="subtitle">Tenn. cops say woman arrested for cocaine possession claims she was eating a powdered doughnut</div><div><p>East Tennessee police said a Knoxville woman who was later arrested for cocaine possession initially told an officer that she had been eating a powdered doughnut. The Mary...

Hesitant Wall Street looks for more recovery evidence

2010-02-22T19:24:47Z

<div><p>Wall Street, hesitant about the pace of recovery, gets a fresh batch of corporate earnings and economic data in the coming week that may help set the tone for a skittish market.</p><p>The choppy trade of the past week highlights a lack of confidence in the economic recovery and mixed signals from earnings and economic data, analysts said.</p><p>The mar...

Stockhouse @ the Bell: Markets falter on Alcoa's earnings miss

2010-02-22T21:19:53Z

<div id="subtitle">Stocks fell on both sides of the border Tuesday as investors worried that the aluminum giant’s disappointing loss forecast a shaky earnings season.</div><div><p>Today on Stockhouse </p><p>Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here. </p><p>In today’s Ticker Trax, Alcoa donates recycled cans toward couple's wedding fund</div><div><p>Traditional weddings call for something old, something new, something borrowed and something blue. Alcoa Inc. is giving an engaged Spokane, Wash., couple something aluminum — 150,000 cans to be exact.</p>&l...

Sector Snap: Metals producers fall on China moves

2010-02-22T21:27:59Z

<div id="subtitle">Metals producers fall on China's moves to curtail growth, Alcoa 4Q earnings</div><div><p>Shares of metals producers from steel to copper and gold fell Tuesday as China took steps to curtail growth a day after aluminum giant Alcoa Inc. — seen as an indicator of economic trends — turned in disappointing quarterly earnings.</...

Alcoa stock drops as Wall St digests quarterly results

2010-02-22T21:41:17Z

<div><p>NEW YORK (Reuters) - Alcoa's &lt;AA.N&gt; stock plummeted on Tuesday as Wall Street digested the aluminum producer's worse-than-expected quarterly results amid nagging concerns over whether the metal's price rally can keep going.</p><p>"There are s...

European stocks slide after poor Alcoa earnings

2010-02-22T21:43:40Z

<div><p>European stock markets fell sharply Tuesday as investors reacted to weak earnings data from US aluminium producer Alcoa, which kicked off the latest results season in the world's biggest economy.</p><p>London's benchmark FTSE 100 index of leading shares slumped 1.19...

Alcoa misses Street estimate, shares fall

2010-02-22T21:47:42Z

<div><p>NEW YORK (Reuters) - Alcoa Inc &lt;AA.N&gt; posted a narrower quarterly loss on Monday, but the results fell short of expectations and the aluminum producer's stock fell more than 5 percent.</p><p>The company blamed higher power bills, a weak Tokyo clawing its way into the black after shrugging off a wave of selling orders that engulfed crisis-hit Japan Airlines.</p><p>Shares in Asia's biggest airline plummeted almost 45 percent as reports pointed to a looming bankruptcy...

Alcoa sales slide though net loss shrinks

2010-02-22T22:01:39Z

<div id="subtitle">Alcoa 4Q loss shrinks but sales fall from year ago on softness in construction, aerospace</div><div><p>Alcoa Inc. on Monday reported a smaller net loss for the fourth quarter, though revenue shrank as higher metal prices were offset by ongoing weakness in aerospace, construction and gas turbines businesses.</p><p>Alcoa's quarterly performance ...

Earns Alcoa

2010-01-11T14:45:57Z

FILE - In this Oct. 7, 2009 file photo, a pair of runners go past the world headquarters of Alcoa in Pittsburgh. Alcoa Inc, reports quarterly earnings after the market close Monday, Jan. 11, 2010. (AP Photo/Keith Srakocic, file)

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FILE: Alcoa Posts Narrower Loss Than Expected

2010-01-11T14:32:03Z

PITTSBURGH, PA - JANUARY 7: (FILE PHOTO) An Alcoa logo is seen on glass at the corporate headquarters January 7, 2009 in Pittsburgh, Pennsylvania. It was reported that Alcoa Inc. the world's leading producer of primary aluminum reported a fourth-quarter loss of $277 million, less than originally expected on January 11, 2010. (Photo by ...

Wall Street

2010-01-11T08:46:09Z

Traders Richard Cohen, left, Brittany Wayne and Peter Tuchman work on the floor of the New York Stock Exchange Monday, Jan. 11, 2010. Stocks zigzagged early Monday as investors awaited an earnings from Reuters) - U.S. stocks could be in for a bumpy ride this week as three Dow components kick off the quarterly earnings reporting season, with investors clamoring for reassurances on future profits.</p><p>While the latest earnings are widely expected to show a sharp improvement compa...

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