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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

Stock News for Alcoa (AA)
10/21/201616:38:00Revised Time: October 27 Arconic 2016 Investor Event
10/19/201616:23:00Alcoa Inc. Announces Revised Record Date for Quarterly Cash Dividend...
10/19/201610:28:41Current Report Filing (8-k)
10/18/201616:10:49Current Report Filing (8-k)
10/17/201614:10:54Statement of Changes in Beneficial Ownership (4)
10/14/201617:16:15Statement of Changes in Beneficial Ownership (4)
10/14/201617:14:58Statement of Changes in Beneficial Ownership (4)
10/13/201616:39:00Alcoa Corporation and Arconic to Host 2016 Investor Events
10/13/201615:20:00Bank Stocks Slide Ahead of Third-Quarter Earnings
10/12/201610:45:00MARKET SNAPSHOT: U.S. Stocks Edge Up After Recent Selloff, FOMC...
10/11/201623:40:00Asian Shares Hit by Fears of Fed Rate Rise
10/11/201608:50:00With Split Looming, Alcoa Reports Worse-Than-Expected Quarter
10/11/201608:23:16Current Report Filing (8-k)
10/11/201607:45:00Alcoa Reports Third Quarter 2016 Results
10/10/201613:25:00MARKET SNAPSHOT: U.S. Stocks March Higher As Oil Rally Fuels...
10/10/201610:45:00MARKET SNAPSHOT: U.S. Stocks March Higher As Oil Rally Fuels...
10/07/201616:33:11Current Report Filing (8-k)
10/05/201617:59:31Initial Statement of Beneficial Ownership (3)
10/05/201617:36:49Statement of Changes in Beneficial Ownership (4)
10/05/201617:35:02Statement of Changes in Beneficial Ownership (4)

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