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Alcoa Inc

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  • Third-Quarter Earnings Are Off to Rocky Start Wednesday, 10 Oct 2007 | 1:46 PM ET

    Many investors were expecting third-quarter earnings to be bad. And so far they haven't been disappointed.

  • Alcoa Posts 3% Rise in Profit, Boosts Share Buyback Wednesday, 10 Oct 2007 | 10:28 AM ET

    Aluminum producer Alcoa reported that third-quarter profit rose 3%, boosted by a gain on the sale of its stake in Chinese aluminum company that offset weaker aluminum prices and restructuring costs.

  • Stocks End Higher as Investors Cheer Fed Minutes Tuesday, 9 Oct 2007 | 4:09 PM ET

    Stocks ended higher after minutes from the Federal Reserve 's last meeting encouraged investors hoping for further rate cuts. "I don't think there is any question it's a good thing for stocks, it just reinforces the view from the investor's perspective that the Fed's there to save the day if necessary," said Michael Chren, portfolio manager at Allegiant Asset Management.

  • Stocks Edge Up, Anticipating Fed Meet Tuesday, 9 Oct 2007 | 9:33 AM ET

    A sprinkling of deal news, sinking oil prices and a firmer dollar are in the background as stocks edge higher Tuesday. The big news for markets though will come in the Federal Reserve's meeting minutes, set for release at 2 p.m. ET. The minutes of the September 18 meeting and the August 16 call will be released. Traders are watching for hints of what made the Fed take the aggressive step to slash the Fed funds rate by a half point, greater than the 1/4 point widely expected.

  • Fed & Earnings Lead on Tuesday Monday, 8 Oct 2007 | 7:49 PM ET

    The Fed and the start of earnings season are two big focuses for stocks Tuesday, after Monday's dullish session. The Fed releases minutes of its September 18 meeting and its August 16 call at 2p ET. This time last week, traders would have been digging into those minutes to find any confirmation of their view that rates will be cut again at the Fed's October 31 meeting.

  • Stocks Close Mixed as Investors Await Earnings Monday, 8 Oct 2007 | 4:00 PM ET

    Stocks closed mixed on Monday as strength in tech stocks was overshadowed by investor concerns ahead of earnings season.

  • Alcoa to Sell Units, Take Charges in Revamp Thursday, 4 Oct 2007 | 5:09 PM ET

    Alcoa, the biggest U.S. aluminum producer, said Thursday it will sell its packaging and consumer and automotive castings businesses, and restructure its electrical and electronic solutions business.

  • Stocks End Down Slightly Despite Solid Consumer Data Friday, 28 Sep 2007 | 5:23 PM ET

    Stocks ended Friday down slightly as dollar weakness sparked inflation concerns but losses were limited by solid U.S. consumer data. "Housing is slowing down but the U.S. consumer isn't," said Robert Froehlich of DWS Scudder. "The numbers today show that this dichotomy is in place and housing is in trouble but the consumers keep shopping."

  • Pressure Cranks Up On Alcatel-Lucent's Russo Friday, 28 Sep 2007 | 11:55 AM ET

    The board of directors of Alcatel-Lucent has given chief executive Patricia Russo one month to produce an emergency restructuring plan, the Financial Times reported on Friday.

  • Sell Block: Chuck Citi's Prince Friday, 14 Sep 2007 | 7:31 PM ET

    There's a reason CEOs end up in Cramer's Hall of Shame. Here are three whose companies are a definite sell, sell, sell!Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Trading the Next Two Days Thursday, 13 Sep 2007 | 10:37 AM ET

    While the general feeling is that this will be a quiet two days due partly to the Rosh Hashanah holiday, there is a fly in the ointment: next week's quadruple witching expiration (the quarterly expiration of index futures and options, and individual stock futures and options) coupled with the Fed meeting has a lot of traders nervous about expected high levels of volatility...

  • Alcatel-Lucent Cuts Guidance, Shares Slump Thursday, 13 Sep 2007 | 10:23 AM ET

    Telecoms equipment maker Alcatel-Lucent lost over a tenth of its stock market value after issuing its third outlook warning this year.

  • China Chalco's Shares Dive After Alcoa Sale Thursday, 13 Sep 2007 | 12:37 AM ET

    Shares in Aluminum Corp of China, dived more than 11% on Thursday after news that Alcoa, the world's top aluminum producer, sold its stake in the Chinese firm for US$2 billion.

  • Alcoa Selling Entire Chalco Stake for Up to $2 Billion Wednesday, 12 Sep 2007 | 2:42 PM ET

    Alcoa said Wednesday it sold its stake in Aluminum Corp. of China (Chalco) for about $2 billion, a $1.8 billion gain on an investment that had yielded no real cooperation on the ground.

  • Boeing CEO Faults Alcoa for Dreamliner Bolt Shortage Tuesday, 11 Sep 2007 | 3:31 PM ET
    In this hand hout computer-generated image provided by Boeing shows the company's new series Boeing 787 Dreamliner, Wednesday, April; 27, 2005.  A senior Boeing Co. official on Wednesday brushed off the threat of European rival Airbus SAS's "superjumbo," saying orders for Boeing's smaller, more fuel-efficient Dreamliner were robust. (AP Photo/Boeing) ** EDITORIAL USE ONLY **

    The shortage of aluminum and titanium bolts -- known as fasteners in the aerospace industry -- has been publicly discussed by Boeing for six months or so, but the problem is still not completely solved, Boeing CEO Jim McNerney said at an investor presentation.

  • Rio Tinto, the world's third largest miner by revenues, said Monday it has won U.S. antitrust approval for its $38.1 billion (28 billion euros) takeover of Alcan.

  • Rebound From Summer Swoon Thursday, 23 Aug 2007 | 4:01 PM ET

    The market’s rebound from its worst decline in four years picked up steam Wednesday. The Dow jumped 145 points on the hopes The Fed has restored order to the credit market and dealmaking can continue unbridled. Can it?

  • A late rally pushed U.S. stocks sharply higher at the close as takeover news and rate-cut speculation overshadowed jitters about tighter credit markets. "We think that liquidity is returning to the market after being problematic," said Kevin Cronin, head of investments at Putnam. "We think the Fed's actions last week righted the ship."

  • Pfizer "Dials Up" Telecom Exec D'Amelio For Help (update) Wednesday, 22 Aug 2007 | 11:00 AM ET
    Frank D'Amilio

    Late last year, in his first and last interview with CNBC following the blowup of the cholesterol drug torcetrapib, I asked new Pfizer CEO, Jeff Kindler, how he could go from "selling chicken" at Boston Market (he used to run the chain for McDonald's) to "selling drugs". Based on the subsequent vibe I got, it was clear that some of the Pfizer media relations people at the time didn't like the question.

  • Pfizer Picks Alcatel-Lucent Exec as New CFO Wednesday, 22 Aug 2007 | 10:46 AM ET

    Pfizer on Wednesday said it named Frank A. D'Amelio, a senior executive of Alcatel-Lucent, as chief financial officer of the drugmaker.