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Markets Yawn at Data, Earnings Deluge
Friday, October 29, 2010 - 1:18pm | 232Wall Street traded sideways Friday afternoon as the markets had little reaction to a flood of third-quarter earnings reports and economic data, leaving stocks on track for their best October since 2003. Today's Markets As of 12:40 p.m. ET, the Dow Jones Industrial Average rose 4.12 points, or 0.03...
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Alcoa Options Active On M&A Rumor (AA)
Friday, October 29, 2010 - 10:37am | 119Shares of Alcoa (NYSE: AA) are surging this morning on renewed M&A chatter up nearly 3% to the 13 level. Volume is heavy in AA for this time of the day with nearly 7 mllion shares exchanging hands within the first hour of trading. Alcoa has been subject to takeover rumors for sometime with...
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Century Aluminum Slaughtered (CENX)
Wednesday, October 27, 2010 - 11:42am | 100Century Aluminum Company (NASDAQ: CENX) is getting dropped on its proverbial head today, down more than 5% after reporting a loss of 18 cents per share in the third quarter yesterday. The company blamed the losses on higher power costs, and mark-to-market losses on forward contracts. CEO Logan...
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Alcoa Aluminum Wheels Selected for Ferrari 458 Italia
Wednesday, October 27, 2010 - 10:00am | 33Alcoa (NYSE: AA) announced today that its Alcoa Auto Wheels business is supplying lightweight forged aluminum wheels for the new and critically acclaimed Ferrari 458 Italia.
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Benzinga's Top Pre-Market NASDAQ Losers (GTXI, BWLD, CENX, PNRA)
Wednesday, October 27, 2010 - 9:20am | 119GTx Inc (NASDAQ: GTXI) dipped 9.09% to $2.90 in the pre-market session. GTXI has priced its public offering of 14,285,715 shares of its common stock at $2.80 per share. Buffalo Wild Wings Inc (NASDAQ: BWLD) lost 6.45% to $45.40 in the pre-market session. BWLD posted upbeat Q3 earnings. Century...
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3Q Results For CENX Temporarily Pull Back
Wednesday, October 27, 2010 - 8:52am | 140Dahlman Rose has published a research report on Century Aluminum Company (NASDAQ: CENX) after the company reported 3Q earnings results that were lower than expected and consequently Dahlman has lowered estimates. In the report, Dahlman Rose writes "Century Aluminum reported 3Q10 adjusted EPS of $0....
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Century Aluminum Posts Heavy Loss Due to Hedging (CENX)
Tuesday, October 26, 2010 - 4:35pm | 190Century Aluminum Co. (NASDAQ: CENX) reports Q3 earnings loss of $0.18 versus consensus of $0.08. Century Aluminum Co. reports revenues of $279.2 million versus consensus of $269.47 million. The company took a $12.2 million charge to earnings related to LME price protection options. Shipments of...
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Alcoa Defense Awarded Contracts for Aluminum Tie Downs
Tuesday, October 26, 2010 - 11:17am | 51Alcoa (NYSE: AA) announced today that it has been awarded a subcontract from Austal USA to produce aluminum tie downs for the Joint High-Speed Vessel (JHSV). The 10 JHSV ships, slated for completion by 2015, will be the U.S. military's first aluminum catamaran fleet.
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Dahlman Rose Reiterates Hold Rating on Kaiser Aluminum (KALU)
Tuesday, October 26, 2010 - 9:39am | 164Dahlman Rose & Company is out with a research report this morning, where it reiterates its Hold rating on Kaiser Aluminum (NASDAQ: KALU); it did not provide a price target for the stock. The DR analysts cited the company's recently announced quarterly earnings report, which below estimates due...
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JP Morgan Downgrades ACH To Underweight
Tuesday, October 26, 2010 - 6:49am | 43Analysts at JP Morgan downgrade Aluminum Corp. of China Limited (NYSE: ACH) from "neutral" to "underweight." ACH's shares lost 0.55% to close at $ 25.16 yesterday. More Analyst Ratings here
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Alcoa's Fastener Successfully Completes 20,000-Mile Test
Monday, October 25, 2010 - 2:42pm | 90Alcoa (NYSE: AA) announced today that its Huck 360TM fastener successfully completed a rigorous 20,000-mile durability test. The fastener, which attaches the front and rear spring suspension brackets on a vehicle's frame, was tested by AM General LLC using standard military durability testing...
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World Stock Markets Daily Report (October 22, 2010)
Friday, October 22, 2010 - 1:50pm | 161U.S. stocks rose modestly Thursday, sending benchmark indexes higher for a second day, as better-than-estimated earnings from EBay (NASDAQ: EBAY) to McDonald's (NYSE: MCD) and a timely drop in jobless claims helped offset a slump in financial companies amid speculation that banks face more losses...
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Stock Market News for October 20, 2010 - Market News
Wednesday, October 20, 2010 - 7:09pm | 779China's surprise decision to raise interest rates took a toll on global markets as concerns mounted the move would slow the country's economy and have a ripple-down effect. With the foreclosure crisis keeping investors on tenterhooks, Beijing's decision to tighten rates came at a rather...
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Market Watchers See QE Priced Into Market 10-19-2010
Tuesday, October 19, 2010 - 3:19pm | 1026Cusick's Corner The market did what we thought it would -- pullback, 1162 on the Dec S&Ps, firm up and now stuck in a Midday consolidation. At this stage unless you see a major surprise in employment, interest rates or a string of negative earnings in this cycle, this trend is intact and these...
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Dow Falls Below 11,000 (DJIA, BAC, IBM, AA, MSFT)
Tuesday, October 19, 2010 - 2:49pm | 114Stocks have continued to come under pressure Tuesday after a report that a consortium that includes the New York Fed wants to force Bank of America (NYSE: BAC) to buy back $47 billion of mortgage bonds. The Dow Jones Industrial Average (DJIA) is off 194 points, or 1.75%, to 10,948. IBM (NYSE: IBM)...