Key Developments: Alcoa Inc (AA)
8.76USD
21 May 2013
$0.00 (+0.00%)
$8.61
$8.78
$8.84
$8.68
13,847,381
17,864,505
$9.93
$7.90
Latest Key Developments (Source: Significant Developments)
Alcoa Inc Approves Quarterly Dividend
Alcoa Inc announced that it has declared a quarterly common stock dividend of 3 cents per share payable May 27, 2013 to shareholders of record at the close of business on May 13, 2013 and a quarterly dividend of 93.75 cents per share on Alcoa's $3.75 cumulative preferred stock payable July 1, 2013 to shareholders of record at the close of business on June 14, 2013. Full Article
Alcoa Inc's Alcoa Fastening Systems Enters Strategic Partnership with COMAC
Alcoa Inc's Alcoa Fastening Systems announced that it has signed a strategic technology and commercial cooperation agreement with Commercial Aircraft of China, Ltd (COMAC). This agreement deepens Alcoa`s existing partnership with COMAC, the main manufacturer of passenger aircraft programs in China, and reinforces Alcoa`s presence in one of the world`s fastest growing aerospace markets. Full Article
Alcoa Inc Approves Quarterly Dividend
Alcoa Inc announced that it has declared a quarterly common stock dividend of $0.03 per share payable February 25, 2013 to shareholders of record at the close of business on February 8, 2013 and a quarterly dividend of $0.9375 cents per share on Alcoa`s $3.75 cumulative preferred stock payable April 1, 2013 to shareholders of record at the close of business on March 15, 2013. Full Article
Alcoa Inc's Alcoa Oil & Gas Secures Contract
Alcoa Oil & Gas , an Alcoa Inc business announced that it will supply 5,300 meters (17,400 feet) of Aluminum Alloy Drill Pipe (AADP) to Fugro McClelland Marine Geosciences of Houston and Fugro Singapore PTE, LTD for use in offshore geotechnical survey drilling projects. Fugro will use Alcoa's 5-inch diameter AADP for global, offshore, geotechnical surveys in water depths ranging up to 3,000 meters (1.8 miles). Full Article
Alcoa Inc Announces Chief Financial Officer Succession Plan
Alcoa Inc announced that William F. Oplinger, will become Chief Financial Officer effective April 1, 2013, succeeding Charles D. McLane, Jr., who plans to retire after a 40-year career with the Company. Full Article
Alcoa Inc Receives Long-Term Siemens Contract To Supply Blades And Vanes for Heavy-Duty Gas Turbines
Alcoa Inc announced that it has signed a long-term agreement with Siemens Energy to supply blades and vanes for a wide range of industrial gas turbines. Siemens Energy is one of the world's leading suppliers of products, solutions and services in the energy technology field. Contract terms were not disclosed. Full Article
GDF Suez SA Inaugurates 1,087 MW Estreito Hydro Power Plant in Brazil Owned in Partnership with Vale SA and Alcoa Inc
GDF Suez SA, through its subsidiary Tractebel Energia, announced the inauguration of a new 1,087MW hydroelectric power plant at Estreito in Brazil. Estreito is owned by Tractebel Energia (40.07%), Vale SA (30%), Alcoa Inc (25.49%) and Intercement (4.4%). Tractebel Energia is responsible for the operational management on behalf of the consortium. Total investment in the project is approximately EUR 2.1 billion, with debt financing through 24-year loan agreements provided by the Brazilian Development Bank (BNDES) and a group of Brazilian banks. Full Article
Alcoa Inc And Aluminium Bahrain B.S.C. Resolve Civil Litigation
Alcoa Inc announced that it has entered into a settlement agreement with Aluminium Bahrain B.S.C. (Alba) resolving a civil lawsuit that had been pending in the U.S. District Court for the Western District of Pennsylvania since 2008. Without admitting any liability, Alcoa agreed to make a cash payment to Alba of $85 million payable in two installments. One half was made at settlement and the other half will be made one year later. The settlement amount is within the range Alcoa previously estimated as its reasonably possible losses, which it disclosed in its second quarter 2012 earnings announcement. Alcoa said the settlement with Alba represents the best possible outcome and avoids the time and expense of complex litigation. Full Article
Alcoa Inc Announces Quarterly Dividend
Alcoa Inc announced that it declared a quarterly common stock dividend of $0.03 per share payable November 25, 2012 to shareholders of record at the close of business on November 2, 2012 and a quarterly dividend of $0.9375 per share on Alcoa’s $3.75 cumulative preferred stock payable January 1, 2013 to shareholders of record at the close of business on December 14, 2012. Full Article
Glencore International PLC Ready To Make Offer For Alcoa Inc's Sardinia Plant-Reuters
Reuters reported that Glencore International PLC is ready to make a formal offer for the loss-making Alcoa Inc's aluminum works in Portovesme in Sardinia. Glencore expressed interest in the plant and said it would release an assessment of the works on September 10. Full Article
UPDATE 2-Alcoa to cut production, delay new line at Quebec smelter
May 16 - Aluminum producer Alcoa Inc said on Thursday it was permanently closing two potlines at its Baie-Comeau smelter in Quebec, with total capacity of 105,000 tonnes, and delaying the construction of a new potline at the facility.
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