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Week in Preview: New Earnings Season, Employment Data and More
Monday, October 4, 2010 - 7:27am | 304Alcoa (NYSE: AA), Marriott (NYSE: MAR) and Yum! Brands (NYSE: YUM) kick off the new earnings season this week. Analysts surveyed by Thomson Reuters are looking for moderate year-over-year earnings and revenue growth in the third quarter from each of these dividend payers. Note that Marriott and Yum...
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Alcoa Announces Third Quarter 2010 Dividend
Friday, October 1, 2010 - 11:59am | 81The Board of Directors of Alcoa (NYSE: AA) declared (a) a quarterly common stock dividend of 3 cents per share payable November 25, 2010 to shareholders of record at the close of business on November 5, 2010 and (b) a quarterly dividend of 93.75 cents per share on Alcoa's $3.75 cumulative preferred...
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Benzinga's Political Round Up
Tuesday, September 28, 2010 - 3:09pm | 186Rating agencies pressured Irish debt this morning, after Moody's and Fitch expressed some concerns over the country's austerity measures. This hurt shares of Allied Irish Banks, plc. (ADR) (NYSE: AIB). Aluminum Corp. of China (NYSE: ACH) is investing $1.5 billion in rare earth metals, as China...
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Earnings Watch: Stocks Under $5
Tuesday, September 28, 2010 - 7:34am | 580BOSTON (TheStreet) -- Alcoa (NYSE: AA), the largest U.S. producer of aluminum, kicks off the quarterly earnings-reporting season a week from Thursday. Traders in stocks under $5 also have their plates full next week with releases. Already this week, Zale (NYSE: ZLC) reported a smaller-than-expected...
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Alcoa Defense Wins Contract to Supply Austal Sheet and Plate (AA)
Monday, September 27, 2010 - 4:13pm | 104Alcoa (NYSE: AA) announced today that it has won a contract to supply 5XXX-series alloy sheet and plate through 2014 for all AUSTAL USA vessels, including commercial ships and U.S. Navy ships such as the Joint High Speed Vessel (JHSV) and all future platforms. The marine sheet and plate will be...
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Top Performing Industries For September 27 (AAI, NYNY, CNR, ACH)
Monday, September 27, 2010 - 11:45am | 227At 11:24 am, the Dow lost 0.22% to 10,836.15, the broader Standard & Poor's 500 index moved down 0.32% to 1,144.95 and the NASDAQ composite index fell 0.42% to 2,371.22. The industries that are still afloat in the market today are: Regional Airlines: This industry jumped 5.34% by 11:24 am. The...
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Commodities Flying Higher Today (BHP, SLB, AA, FCX)
Friday, September 24, 2010 - 3:13pm | 177Commodity stocks are higher today, led by a rebound in August durable goods and surging commodity prices. Shares of BHP Billiton (NYSE: BHP) are up over 2% today to trade at $75.71, a gain of $1.65. BHP Billiton is a diversified natural resources company in Australia, the Americas, and southern...
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Consolidation is the Name of the Game 09-23-2010
Thursday, September 23, 2010 - 3:21pm | 905Cusick's Corner Consolidation is the name of the game at this juncture. The market into the Midday continues to stay in a range after an explosive open off the overnight lows. This is a product of uncertainty and decoupling of some sectors, like the Dollar and Gold. The market is now stalling at...
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Rio Tinto on Investment Spree - Analyst Blog
Thursday, September 23, 2010 - 10:54am | 475During the middle of September, Rio Tinto (RTP), one of the leading mining companies, disclosed its intension to infuse $803 million to complete the underground block cave project at the Argyle Diamond Mine located in Australia , to be operational by 2013. The investment is expected to extend...
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Goldman Has Low Expectations For Alcoa's 3Q
Thursday, September 23, 2010 - 8:51am | 170Goldman Sachs writes for Alcoa Inc. (NYSE: AA) that "We mark-to-market our Alcoa model for 3Q and update our prices (average 15 day lag aluminum price of $0.93 per pound versus our prior estimate of $0.94) and currency impact assumptions, which combined, have a negative impact of $0.01 on EPS....
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Top 4 Stocks In The Aluminum Industry With The Highest Cash (AA, ACH, CENX, KALU)
Thursday, September 23, 2010 - 5:09am | 147Below are the top aluminum stocks on the NYSE and the NASDAQ in terms of cash. Alcoa Inc (NYSE: AA) had $1.35 billion in total cash and $9.80 billion in total debt for the latest quarter. Aluminum Corporation Of China Limited (NYSE: ACH) had $1.35 billion in total cash for the latest quarter. ACH's...
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Earnings Miss 09-22-2010
Wednesday, September 22, 2010 - 7:00pm | 855Cusick's Corner The grind continued into the After Hours. Many market watchers are reviewing Adobe's earnings and whether their earnings miss becomes a pattern, thereby potentially forcing other companies to issue warnings. From an options perspective, players are taking advantage of volatility...
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Top Performing Industries For September 22 (NFLX, AA, SEED, AAU)
Wednesday, September 22, 2010 - 12:38pm | 218At 11:53 am, the Dow lost 0.31% to 10,727.24, the broader Standard & Poor's 500 index moved down 0.52% to 1,133.85 and the NASDAQ composite index fell 0.75% to 2,3331.61. The industries that are still afloat in the market today are: Music & Video Stores: This industry jumped 3.52% by 11:53...
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Calls Purchased on Aloca (AA)
Thursday, September 16, 2010 - 9:37am | 126Shares of Aloca (NYSE: AA) are trading lower on the session by 1.05%, currently trading at $11.31. The stock has been moving largely lower over the past six months, though has seen some constructive trading as of late. Options traders were eager to buy calls on the name this morning, with the...
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Alcoa Joins Forces with Textron - Analyst Blog
Tuesday, September 14, 2010 - 2:33pm | 816Textron Marine & Land Systems, an operating unit of Textron Systems, a subsidiary of Textron Inc. (TXT), in a smart move added Alcoa Defense, a business unit of Alcoa Inc. (AA) to its Ship-to-Shore Connector (SSC) program bidding team. Textron along with its partner in SSC team, L-3...