Alcoa news stories on Newser

Google Applies to Buy, Sell Electricity

Kevin Spak — Fri, 08 Jan 2010 10:28:00 CST

Google has asked the Federal Energy Regulatory Commission for permission to become an “electricity marketer,” a designation that would allow it to buy and sell energy in bulk like a utility company. It’s an unorthodox move, but one Google says will help it power its sprawling operations and give it...

Dow Up 85; Alcoa, Intel Rally

Nick McMaster — Mon, 21 Dec 2009 15:19:34 CST

Stocks saw broad gains today as analysts upgraded blue chips Alcoa and Intel and big mergers were announced in the mining and health-care sectors, the Wall Street Journal reports. The Dow rose 85.25 points to close at 10,414.14. The Nasdaq added 25.97, ending the session at...

Dow Up 66 as Consumer Optimism Lifts Stocks

Nick McMaster — Fri, 11 Dec 2009 15:16:14 CST

Stocks ended today's session mixed, with the Dow posting solid gains. Alcoa saw a. 8% jump on an optimistic profit estimate by JPMorgan, and the University of Michigan/Reuters December consumer sentiment index beat expectations, the Wall Street Journal reports. The Dow rose 65.67 points to close at 10,471....

Dow Up 61 on Strong Earnings

Nick McMaster — Thu, 08 Oct 2009 15:14:36 CDT

Stocks closed below their session highs but still finished in positive territory after Alcoa set a strong tone for the third-quarter earnings season. The firm posted a $77 million profit after the bell yesterday. Also helping was good news on the jobs front, with last week’s initial claims for jobless...

Dow Slips 6 Ahead of Earnings Reports

Nick McMaster — Wed, 07 Oct 2009 15:15:27 CDT

Stocks ended mixed as traders await the beginning of the third-quarter earnings season, which kicks off with Alcoa’s report later today. Telecoms fell after the FCC chair said he would allow Internet-based phone calls on smartphones. AT&T was down 3.6%, while Verizon fell 2.7%. Amid light volume, the...

Dow Up 112 Ahead of 3Q Earnings

Nick McMaster — Mon, 05 Oct 2009 15:14:58 CDT

Stocks surged to gains late in the session today, as traders placed bets ahead of the third-quarter earnings season. Alcoa, which is expected to report a strong quarter, gained 4.6%. The ISM reported an upturn in the service sector in September—its index rose to 50.9, with a...

Dow Off 42, Wrapping Up Down Week for Stocks

Nick McMaster — Fri, 25 Sep 2009 15:27:04 CDT

Stocks fell today after reports of a smaller-than-expected rise in new home sales and a drop in orders for durable goods over the last month. Blue chips Alcoa, Amex, and Wal-Mart all fell at least 2%, and RIM dropped 17.1% after issuing a disappointing earnings forecast. The Dow dropped...

Dow Up 17 to End Best Month Since '02

Nick McMaster — Fri, 31 Jul 2009 15:15:00 CDT

Data which showed a slowing pace of decline for US gross domestic products fueled modest advances in the markets today, with the Dow finishing its best month since October 2002, the Wall Street Journal reports. Bank of America and Alcoa paced advancers, and the Dow closed up 17.15 at...

Tech Snaps Nadaq's Streak; Dow Climbs 24

Nick McMaster — Fri, 24 Jul 2009 15:24:21 CDT

The tech sector exerted downward pressure on stocks today, snapping the Nasdaq’s 12-day winning streak, the Wall Street Journal reports. Microsoft sank 8.9% after reporting a 29% drop in quarterly earnings, while Amazon fell 8.3% after also reporting a disappointing quarter. Alcoa, Pfizer, and Merck helped the Dow...