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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
05/22/201508:00:00Alcoa Named Platts Metals Company of the Year
05/20/201512:15:10What Is the S&P 500 Index?
05/13/201517:16:15Current Report Filing (8-k)
05/11/201519:00:00Alcoa to Close the Anglesea Power Station
05/05/201517:18:27Amended Current Report Filing (8-k/a)
05/05/201517:16:44Current Report Filing (8-k)
05/05/201516:05:00Alcoa Executive Vice President & Chief Financial Officer William...
05/01/201511:40:10Alcoa Appoints Patricia Russo Lead Director
05/01/201510:38:00Alcoa Announces Changes to its Board of Directors
05/01/201506:38:54Alcoa Rating Increased to Buy at Standpoint Research (AA)
04/30/201517:16:00Alcoa Board Approves Quarterly Dividends
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)

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