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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
03/31/201506:31:22Let Neurocrine Biosciences Cool Off - Cramer's Lightning Round...
03/30/201508:40:03Alcoa curtails more Brazilian smelting capacity
03/30/201508:00:00Alcoa to Curtail Smelting Capacity in Brazil as Reshaping of...
03/28/201511:07:02Ford's Aluminum F-150 Gets a $259 Million Boost From Uncle Sam
03/25/201515:46:07In Kraft-Heinz Deal, Will Chicago or Pittsburgh Lose More Jobs?
03/24/201506:50:11As Alcoa Stock Falters, Equity Investors Turn Into Aluminum Bears
03/20/201506:07:48Prospectus Filed Pursuant to Rule 424(b)(7) (424b7)
03/19/201517:03:25Additional Proxy Soliciting Materials (definitive) (defa14a)
03/19/201515:52:18Additional Proxy Soliciting Materials (definitive) (defa14a)
03/19/201510:32:30Proxy Statement (definitive) (def 14a)
03/17/201514:33:00Alcoa Continues Reshaping Upstream Business, 443,000 Metric Tons...
03/17/201512:17:00RTI INTERNATIONAL METALS SHAREHOLDER ALERT: Faruqi & Faruqi...
03/17/201505:58:19PC Related Means Sell - Cramer's Lightning Round (3/16/15)
03/16/201508:44:29This Is Not The Same Alcoa
03/15/201506:00:54Unusual Opportunities In Alcoa
03/13/201517:00:00INVESTOR ALERT: The Law Offices of Vincent Wong Launches an Investigation...
03/13/201505:40:16Putin Puts U.S. Titanium At Risk
03/11/201500:35:24Alcoa Was Smart To Value-Add Titanium Fabricator RTI International...
03/10/201517:06:00RTI INTERNATIONAL METALS INVESTOR ALERT BY THE FORMER ATTORNEY...
03/10/201510:49:00INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of...

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