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Stock Market & Financial Investment News

News Breaks
April 1, 2014
08:04 EDTAAAlcoa invests $40M in Itapissuma, Brazil, rolling mill
Alcoa announced a $40M in its Itapissuma, Brazil, rolling mill to increase production of specialty foils for aseptic and flexible packages. Demand for specialty packaging in Brazil is expected to rise seven percent annually over the next three years due to population growth and consumer preference. All additional capacity has been fully committed. The expansion is expected to add approximately 50 jobs at the plant following ramp-up of production. Initial work for the expansion is underway and commissioning is expected to begin in 2016. This investment is part of Alcoa’s ongoing portfolio transformation to build out its value-added mid- and downstream businesses to capture profitable growth.
News For AA From The Last 14 Days
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December 18, 2014
17:12 EDTAAAlcoa files to sell 36.52M shares of common stock for holders
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06:04 EDTAAAlcoa implied volatility of 48 at upper end of index mean range
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December 17, 2014
16:00 EDTAAOptions Update; December 17, 2014
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December 16, 2014
16:00 EDTAAOptions Update; December 16, 2014
iPath S&P 500 VIX Short-Term Futures up 1.55 to 34.60. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX AA MGM MCD according to Track Data.
08:04 EDTAAAlcoa Q4 EPS should beat expectations, says Stifel
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06:02 EDTAAAlcoa implied volatility of 46 at upper end of index mean range
December 15, 2014
09:38 EDTAAActive equity options trading
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05:47 EDTAAAlcoa to acquire TITAL, terms not disclosed
Alcoa announced plans to further expand its global aerospace business through a definitive agreement to acquire privately held TITAL. The acquisition will strengthen Alcoa’s global position to capture increasing demand for advanced jet engine components made of titanium. This transaction will further position Alcoa to capitalize on strong growth in the commercial aerospace sector. Alcoa projects a compounded annual commercial jet growth rate of 7% through 2019 and sees a current 9-year production order book at 2013 delivery rates. Almost 70% of TITAL’s revenues are expected to come from commercial aerospace sales in 2019. In 2013, the company generated revenues of approximately $96M, more than half of which came from titanium products. The acquisition will establish titanium casting capabilities in Europe for Alcoa, while expanding its aluminum casting capacity. TITAL employs more than 650 people, primarily in Bestwig, Germany. Financial details of the transaction were not disclosed.
December 11, 2014
14:02 EDTAAAlcoa plans $16.7M expansion to double high-tech coating capacity
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December 9, 2014
16:00 EDTAAOptions Update; December 9, 2014
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