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Alcoa (AA)
Alcoa Inc. Monday opened the earnings season by reporting a fourth-quarter net loss of $277 million, or 28 cents a share. In the year-earlier quarter, Alcoa lost $1.2 billion, or $1.49 a share. Sales fell 4% to $5.4 billion.
Revenues topped analyst estimates.
Jan 11 · 4:47:00 PM · Source: Company News Release
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by Larry Etter
Alcoa (AA)
Alcoa reported for the 4th-quarter 2009 a loss of $277 million, or $-.28 per share, on sales of $5.4 billion. That compares to the prior year loss of $1.19 billion, or $-1.49 per share, on sales of $5.7 billion.
Alcoa is spinning the results positively that sales are up sequentially. That's nice, and they have cut their losses compared to Q4 2008. “This was a tough year for the aluminum industry – a price crash, demand destruction, and credit crunch. Yet, today Alcoa is stronger than when the year started,” said Klaus Kleinfeld, Alcoa President and CEO. “We reshaped our cost structure and portfolio for profitable growth. And, we built the cash reserves to weather current economic uncertainties and invest in opportunities for future growth. Alcoa will benefit from those achievements for many years to come.”
Jan 11 · 4:46:00 PM · Source: Company Press Release
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by Rich Pike
du Pont (DD)
The West Virginia state Supreme Court has again delayed a ruling in DuPont's appeal of a $400 million verdict against the company for polluting the Harrison County town of Spelter.
A ruling now is not expected until the spring 2010 term, which starts in mid-January. Last year, Harrison County jurors ruled against DuPont in a lawsuit that argued the company illegally polluted the community of Spelter, north of Clarksburg, with lead, zinc, cadmium and arsenic from a zinc smelter. The award included a $55 million cleanup plan, a medical-monitoring program worth $130 million and $196 million in punitive damages.
Dec 29 · 1:32:00 PM · Source: Trading Markets
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by Michael Oliveto
Potash Corporation Of Saskatchewan Inc. (POT)
Soleil downgraded Potash Corporation Of Saskatchewan Inc. from Hold to Sell.
Dec 18 · 1:19:00 PM
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by Rich Pike
Allegheny Technologies (ATI)
JP MorganAllegheny Technologies Incorporated from Underweight to Neutral.
Dec 18 · 12:43:00 PM
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by Rich Pike
Pactiv (PTV)
KeyBanc Capital MktsPactiv Corporation from Hold to Buy.
Dec 17 · 8:46:00 PM
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by Rich Pike
Westlake Chemical Corporation (WLK)
BB&T Capital Mkts initiated coverage for Westlake Chemical Corporation with a recommendation of Hold.
Dec 17 · 8:44:00 PM
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by Rich Pike
INTREPID POTASH INC (IPI)
KeyBanc Capital Mkts initiated coverage for INTREPID POTASH INC with a recommendation of Hold.
Dec 17 · 8:31:00 PM
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by Rich Pike
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