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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
04/25/201511:00:0310 Most Profitable Companies in Commodities
04/24/201508:30:00Alcoa to Host Webcast of 2015 Annual Meeting of Shareholders
04/23/201515:14:20Quarterly Report (10-q)
04/22/201505:39:48Alcoa Coverage Initiated by Analysts at Cleveland Research (AA)
04/14/201506:31:30Alcoa - Triples Q1 Operating Earnings, Strong Momentum Likely...
04/14/201506:05:15Current Report Filing (8-k)
04/14/201502:14:40Thinking Out Of The Box
04/13/201510:20:072 More Continued Catalysts For Alcoa
04/13/201510:01:33Statement of Changes in Beneficial Ownership (4)
04/13/201510:00:16Statement of Changes in Beneficial Ownership (4)
04/13/201509:57:47Statement of Changes in Beneficial Ownership (4)
04/13/201502:41:47My Expectations For This Earnings Season
04/12/201513:49:03Alcoa's Prospects Look Bright Despite Some Negative Reaction...
04/12/201504:46:56Bank Of America Has 35-40% Upside, Reports Next Week
04/11/201507:00:00Aluminum catching on in Detroit
04/10/201512:27:14Investors React Negatively To Alcoa's Revenue Miss
04/10/201509:12:06Buying The Alcoa Earnings Dip
04/09/201517:08:19U.S. Stocks End Higher
04/09/201516:58:34MARKET SNAPSHOT: U.S. Stocks Score Gains As Energy Shares Rally
04/09/201516:26:16Current Report Filing (8-k)

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