Highlights
A collection of news and information related to Alcoa Incorporated published by Tribune Company sources.
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Market plunges again Tuesday
The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector....
Tags: Credit Ratings, Banking, Consumer Confidence, Money and Monetary Policy, Credit and Debt
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Alcoa's 3Q profit off 52 pct on lower aluminum prices; halts stock buyback to conserve cash
AP Business WriterPITTSBURGH (AP) _ Alcoa Inc., one of the world's largest aluminum producers, on Tuesday reported a 52-percent drop in third quarter profit and said it would conserve cash by suspending its stock buyback program and all non-critical capital projects....Tags: Metal and Mineral, Stocks, Texas, Buyback, Stock Activities
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Wall Street set for shaky start after global rout
Wall Street headed to a shaky start Tuesday after a huge sell-off the previous session, with investors waiting to see if central banks would try to alleviate the ongoing turmoil in the credit markets by cutting interest rates. Australia's central bank...Tags: Credit Ratings, Banking, Advanced Micro Devices Inc., Money and Monetary Policy, Financial Markets
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The week ahead
Tuesday •Federal Reserve meeting minutes •August consumer credit •Earnings: Acuity Brands Inc.; Alcoa Inc.; Sealy Corp.; Yum Brands Inc. Wednesday •August pending home sales •Earnings: Costco Wholesale Corp.; Monsanto...Tags: General Electric Company, International Speedway Corp., Earnings, Costco Wholesale Corporation, Credit and Debt
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Financial Watch
The week ahead Third-quarter earnings season opens with reports from Dow components Alcoa and General Electric. Monday Earnings: IDT Tuesday Federal Reserve minutes (September meeting); consumer credit (August). Earnings: Alcoa, Safeway, Sealy,...Tags: General Electric Company, International Speedway Corp., Earnings, IDT Corporation, Credit and Debt
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Thursday's market movers
UNION PACIFIC -$7.34 (11%) to $62.10 Railroad stocks fell amid downbeat economic news, raising concerns that freight volumes may sink. The Standard & Poor's 500 railroad index had its biggest percentage decline in nearly 20 years. CSX Corp. shares...Tags: General Electric Company, Stocks, Union Pacific Corporation, Financial Markets, The Goldman Sachs Group Incorporated
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Jobs disappear at fastest rate in 5 years, more losses seen as US prepares for elections
AP Economics WriterWASHINGTON (AP) _ Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, an urgent signal the country may be careening toward a deep and painful recession just as Americans...Tags: Bankruptcy, Banking, Schering Plough Corporation, National Government, Wachovia Corp.
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Pink slips on the rise
The Associated PressJobs are vanishing at the fastest pace in more than five years, an urgent signal the country might be careening toward a deep and painful recession. Increasingly skittish employers chopped payrolls in September by 159,000 jobs — more than...Tags: Schering Plough Corporation, Ben Bernanke, Hewlett-Packard Co., Money and Monetary Policy, Unemployment
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Employers cut jobs by most in more than 5 years
Associated PressEmployers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep recession. The Labor Department's fresh snapshot, released Friday, also showed that the nation's...Tags: Bankruptcy, Banking, Schering Plough Corporation, National Government, Wachovia Corp.
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Weak economy pushes jobless claims to 7-year high
The Associated PressTight credit is taking a toll on U.S. manufacturing and jobs. More Americans than expected lined up at the unemployment lines last week and orders to factories plunged by the largest amount in two years, according to government data released Thursday....Tags: Meteorological Disasters, Texas, J.P. Morgan Chase & Co., Financial Markets, Hurricanes
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Reynolds to close 2 aluminum foil plants in 2009
Reynolds Consumer Products is closing its two Richmond-area aluminum foil plants. The company announced Wednesday that about 490 workers will lose their jobs. The first layoffs are expected to start in the fourth quarter and will continue into the...Tags: L. Douglas Wilder
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School news
Orchid Tunaya was the guest speaker Sept. 5 at Trinity Lutheran School. She talked about her firsthand experience of becoming a U.S. citizen. Students in the seventh-grade civics classes are learning about the naturalization process. The George...Tags: George Washington Carver, Hampton Roads, Jackson Hewitt Tax Service Incorporated, Schools, Financial Aid
Oct 7, 2008
|Story| Newsday
Oct 7, 2008
|Story| Associated Press
Oct 7, 2008
|Story| Newsday
Oct 5, 2008
|Story| Chicago Tribune
Oct 5, 2008
|Story| Newsday
Oct 3, 2008
|Story| Chicago Tribune
Oct 3, 2008
|Story| Associated Press
Oct 4, 2008
|Story| South Florida Sun-Sentinel
Oct 3, 2008
|Story| South Florida Sun-Sentinel
Oct 2, 2008
|Story| Associated Press
Sep 24, 2008
|Story| Hampton Roads Daily Press
Sep 19, 2008
|Story| Hampton Roads Daily Press
