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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
07/26/201519:10:14Companies to Pledge $140 Billion in Effort to Cut Carbon Emissions
07/24/201516:05:00RTI International Metals, a Subsidiary of Alcoa Inc., Announces...
07/23/201517:30:15Post-effective Amendment to an S-8 Filing (s-8 Pos)
07/23/201517:27:14Securities Registration: Employee Benefit Plan (s-8)
07/23/201517:25:28Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
07/23/201517:23:39Current Report Filing (8-k)
07/23/201517:22:42Current Report Filing (8-k)
07/23/201509:02:00Alcoa Realigns Downstream Portfolio to Drive Greater Profitability...
07/23/201509:01:00Alcoa Completes Acquisition of RTI International Metals, Growing...
07/22/201517:21:51Quarterly Report (10-q)
07/21/201517:52:00RTI International Metals Shareholders Voted in Favor of Acquisition...
07/21/201516:27:00Alcoa Board Approves Quarterly Dividends
07/17/201516:11:033 Stocks to Watch in Metals and Mining
07/15/201518:16:03What Alcoa's Management Said About the Industrial Sector
07/14/201517:45:00PayPal Holdings Set to Join S&P 100 & 500; Others to Join S&P...
07/14/201517:15:00Indices S&P Dow Jones annonce des modifications à certains indices...
07/14/201517:15:00S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian...
07/13/201517:10:40Current Report Filing (8-k)
07/13/201516:14:02Alcoa's 3 Biggest Growth Opportunities
07/09/201520:13:08Why Alcoa's Management Sees Better Times Ahead

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