Alcoa Inc. (AAI)

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Alcoa Inc. (AAI) is a company engaged in providing services to the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other services of Alcoa's businesses to clients. Alcoa Inc. was listed on the Australian Stock Exchange on 16 August, 2000. Alcoa is the world’s leading company in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing involvement in all key areas of the industry.

Alcoa: $US191m Net Loss for 4Q

Following its curtailment announcement last week, largest US aluminum producer Alcoa Inc. (AAI) reported that it has incurred a $US191 million net loss for the fourth quarter or 18 US cents a share due to falling aluminum price and high production cost.

Alumina Shares Fall as Alcoa Closes 12pc of Smelting Capacity

Shares of Alumina (AWC) declined this morning more by more than 3 per cent after US aluminium producer Alcoa Inc. (AAI) announced that it would permanently shut down 12 per cent of its aluminum smelting capacity due to weakened prices of industrial metal. Alumina currently owns 40 per cent stake of the US aluminium producer.

Friday's Stock Market AGMs Events

There are no floats but there are a couple of ex-dividends scheduled for tomorrow and there are quite a few companies who are holding their Annual General Meeting on Friday 28 October, 2011.

Annual General Meetings

Here is a list of companies who have scheduled an AGM today:

Alcoa 3Q Profit Misses Estimates

Aluminum producer Alcoa Inc. (ASX:AAI) has posted a profit of US$172 million, or US15 cents per share for the third quarter due to higher volume and prices. Revenue rose 21 percent to US$6.42 billion.

Alcoa's average realised price for aluminium increased 18 percent year-over-year but was down 5 percent sequentially. The bottom line missed expectations and shares slipped to 5.2 percent to close at US$9.77 after hours.

Weekend Share Market News

There are no floats on the horizon, but one stock will go on ex-dividend tomorrow. The timetable is also filled - 6 companies are having their extraordinary general meeting, and 3 companies are having their annual general meeting.

Upcoming dividends

Rumour of Rio Takeover Spur Alcoa Call Options

Call options reached a record high this morning as speculations of an Alcoa Inc (ASX:AAI) buyout rose to a fever pitch. The surge of activity came from traders due to a rumour of a possible Rio Tinto takeover.

Alcoa Profits from Rising Aluminum Prices

Aluminum producer, Alcoa Inc (ASX:AAI) pulled profits during the first quarter due to rise in alumina and aluminum prices and improved sales. The largest US aluminum maker reported net earnings for March 31 at $292.26 million compared with last quarter's $244.82 million. Earnings per share were at 28 cents, compared with 27 cents analyst forecast. Last quarter's gross sales grew 5.4 per cent to $5.66 billion compared to $4.64 billion last year.

Alcoa Inc. Dividends

18 October, 2010 - 00:51

Read about the old dividends for Alcoa Inc.. Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. If Alcoa Inc. has declared a dividend, you may be eligible to receive AAI dividends if the investor the company's shares on the ex-dividend date. To be entitled to the dividend, investors must purchase the stock before the ex dividend date. If you buy the stocks on or after the ex dividend date, the previous owner of the shares will receive the dividend.

Job Cuts Announced by Alcoa

Alcoa (AAI), the third largest producer of aluminium followed by Rio Tinto (RIO), Alcan and Rusal has announced that it will reduce its global workforce by 13%, or about 13,500 positions, by the end of this year through targeted job cuts, curtailments and plant closures and consolidations. The company also said it will eliminate an additional 1,700 contractor jobs and that it has instituted a global salary and hiring freeze.

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