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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
02/05/201616:27:17Initial Statement of Beneficial Ownership (3)
02/05/201616:24:35Initial Statement of Beneficial Ownership (3)
02/05/201616:17:10Initial Statement of Beneficial Ownership (3)
02/04/201616:57:38Current Report Filing (8-k)
02/04/201615:08:04Statement of Changes in Beneficial Ownership (4)
02/04/201614:46:47Statement of Changes in Beneficial Ownership (4)
02/04/201611:47:09Statement of Changes in Beneficial Ownership (4)
02/01/201617:31:28Amended Current Report Filing (8-k/a)
02/01/201610:30:00Alcoa Reaches Deal With Elliott on Board Members
02/01/201609:57:16Amended Statement of Beneficial Ownership (sc 13d/a)
02/01/201609:00:00Alcoa to Appoint Three New Directors to Its Board
01/28/201608:30:00Alcoa Wins Fourth Boeing Contract in String of Recent Deals
01/25/201611:00:00Elliott Boosts Alcoa Stake to 7.3%
01/25/201609:07:42Amended Statement of Beneficial Ownership (sc 13d/a)
01/22/201606:10:54Current Report Filing (8-k)
01/21/201616:44:34Statement of Changes in Beneficial Ownership (4)
01/21/201616:43:15Statement of Changes in Beneficial Ownership (4)
01/21/201616:41:30Statement of Changes in Beneficial Ownership (4)
01/21/201616:40:13Statement of Changes in Beneficial Ownership (4)
01/21/201616:38:31Statement of Changes in Beneficial Ownership (4)

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