Oct 14- Metals processor Allegheny Technologies Inc plans to shed two businesses and will report a loss for the third quarter, stung by a decline in shipments of metal products and higher raw material costs.
NEW YORK-- Shares of metal producer Allegheny Technologies Inc. fell Wednesday after it reported third-quarter net income tumbled 43 percent and warned its fourth-quarter earnings will fall below the most recent quarter's results.
*Longbow starts Allegheny Technologies, Carpenter Technology. *Longbow starts RTI International Metals, Titanium Metals Corp. Reuters Station users, click. 1568.
The Dow is up. Unemployment is down. Car sales are booming, consumer spending has risen, and even home values have started to stabilize. However, the recession isn’t quite over yet. Here is a tally of “the worst” so far in 2012.
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What follows is a roundup of corporate earnings reports for Wednesday, April 27.
Stocks closed down, although off the lows of the day, as tech stocks dragged down the market amid high oil prices and continued turmoil in the Middle East. Alcoa and Intel sank, while McDonald's gained.
Stocks eased losses in the final hour of trading, although remained lower, as tech stocks fell particularly hard amid high oil prices and continued turmoil in the Middle East. Alcoa and Intel fell, while 3M rose.
Stocks extended losses amid volatility in oil prices, and as technology stocks slumped. Disney and Alcoa fell, while Exxon rose.
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Stocks shed losses from earlier this week to close broadly higher Thursday, lifted by the successful return of General Motors to the U.S. stock market and relief that Ireland was addressing its debt crisis. Alcoa and Boeing rose, while Intel fell.
Stocks continued to plunge Tuesday as investors focused on the European Union's efforts to address Ireland's debt troubles. Alcoa sank, while Home Depot rose.
Stocks closed down Thursday soon after Walt Disney released worse-than-expected results into a market already weakened by disappointing results from Cisco and a rise in the dollar as European debt troubles continued to roil currency markets. Cisco and Disney fell, Chevron rose.
Stocks declined ahead of the close Thursday, as Walt Disney released worse-than-expected results into a market already weakened by disappointing results from Cisco and a rise in the dollar as European debt troubles continued to roil currency markets. Cisco and Disney fell.
The bulls were giddy on Tuesday amid growing expectations that central banks around the world were ready to do even more to boost the struggling recovery.