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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
04/14/201409:50:25Hot Stocks: Hot Stocks to Watch
04/11/201418:10:14Fitch Cuts Alcoa's Rating Into Junk Territory
04/09/201417:00:11MARKET SNAPSHOT: U.S. Stocks Rally On Dovish Signals In Fed Minutes
04/09/201415:13:56MARKET SNAPSHOT: U.S. Stocks Jump On Dovish Signals In Fed Minutes
04/09/201414:39:07MARKET SNAPSHOT: U.S. Stocks Rise After Fed Minutes
04/09/201414:03:21MARKET SNAPSHOT: U.S. Stocks Edge Higher; Focus On Fed Minutes
04/09/201411:51:16MARKET SNAPSHOT: U.S. Stocks Edge Higher; Fed Minutes In Focus
04/09/201410:32:29MARKET SNAPSHOT: U.S. Stocks Edge Higher; FOMC Minutes In Focus
04/09/201409:19:08U.S. Hot Stocks: Hot Stocks to Watch
04/08/201417:04:29MARKET SNAPSHOT: U.S. Stocks Edge Higher After 3-session Slide
04/08/201416:44:25MARKET SNAPSHOT: U.S. Stocks Post Modest Gains
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04/07/201417:03:59MARKET SNAPSHOT: U.S. Stocks Fall; Nasdaq 3-day Loss Worst Since...
04/07/201414:18:10MARKET SNAPSHOT: U.S. Stocks Extend Losses Ahead Of Quarterly...
04/07/201410:23:09MARKET SNAPSHOT: Stocks Extend Losses; TripAdvisor Falls 1.5%
03/28/201412:29:59Alcoa to Cut Smelting Capacity in Brazil
03/01/201408:39:18Apple Plans to Launch In-Car Operating System With Ferrari, Mercedes...
01/20/201410:30:15BHP Billiton Considers Halting Bayside Aluminum Smelter
01/16/201409:35:05US Hot Stocks: Hot Stocks to Watch

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