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Alcoa Gets Government Funding to Keep Australia Smelter Open

By Robb M. Stewart MELBOURNE--Aluminum giant Alcoa Inc. (AA) said Friday it expects to operate its Point Henry aluminum smelter near Melbourne until at least mid-2014 as it cuts costs and accepts more than A$40 million in government funding in an effort to minimize losses. Alcoa said in a statement it expects to cut about 10% of the workforce at the smelter, which has been hit by weaker metal prices and a strong Australian dollar. Write to Robb M. Stewart at robb.stewart@dowjones.com

Stock News for Alcoa (AA)
DateTimeHeadline
05/16/201616:40:51Current Report Filing (8-k)
05/12/201616:03:00Alcoa Announces Executive Appointments
05/11/201617:20:58Current Report Filing (8-k)
05/05/201618:33:00Alcoa Declares Dividend on Mandatory Convertible Preferred Stock
05/05/201618:12:44Quarterly Report (10-q)
05/02/201614:00:00Alcoa Reaches Power Agreement to Improve Competitiveness of Intalco...
04/29/201608:30:00Alcoa to Host Webcast of Annual Meeting of Shareholders
04/26/201607:48:05Statement of Changes in Beneficial Ownership (4)
04/22/201606:06:39Current Report Filing (8-k)
04/20/201615:21:54Statement of Changes in Beneficial Ownership (4)
04/20/201615:19:41Statement of Changes in Beneficial Ownership (4)
04/19/201608:14:00Plane Makers' Employees Buffeted Despite Booming Orders
04/17/201620:06:00Big Business Speaks Up on Social Issues
04/15/201606:04:04Current Report Filing (8-k)
04/13/201617:54:00Banks Lead Rally in Stocks
04/12/201615:25:00MARKET SNAPSHOT: U.S. Stocks Extend Rally As Crude Oil Soars...
04/12/201613:38:00MARKET SNAPSHOT: Dow Climbs 150 Points As Soaring Oil Revs Up...
04/12/201613:37:00MARKET SNAPSHOT: Dow Climbs 150 Points As Soaring Oil Revs Up...
04/12/201613:30:00MARKET SNAPSHOT: Dow Climbs 150 Points As Soaring Oil Revs Up...
04/12/201611:36:00MARKET SNAPSHOT: Dow Climbs 150 Points As Soaring Oil Revs Up...

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