BUSINESS
By Andrew Leckey | May 27, 2007
I'm not sure what to make of Alcoa Inc. Should I keep its shares in my portfolio? - K.G., via the Internet The world's largest aluminum producer is expected to turn in record revenues for the next couple of years. Global demand for aluminum is strong, even though that metal is not in as short supply as some other commodities. The company controls 13 percent of the world's aluminum smelting, used in products that include soda cans, industrial turbines and aerospace components. Alcoa is, for example, one of the largest suppliers to Boeing Co. Shares of Alcoa (AA)
BUSINESS
By BLOOMBERG NEWS | August 14, 1999
CHICAGO -- Reynolds Metals Co., North America's No. 3 aluminum producer, got an all-cash takeover offer from investment firm Michigan Avenue Partners, rivaling a half-cash, half-stock offer from Alcoa Inc. in an effort to keep Reynolds independent, the investment firm said yesterday.The value of the offer wasn't disclosed, though Chicago-based Michigan Avenue Partners said its offer is higher than Alcoa's, which is equivalent to $65 a share, or $5.6 billion including assumed debt. Reynolds shares rose $3 to $69.375.
NEWS
November 21, 1999
The best bakeware for pizza conducts heat well and distributes heat evenly to create a crisp crust. Heavy-gauge aluminum or steel pizza pans are traditionally good choices. Also popular are pans made of air-cushioned aluminum or perforated metal.-- Cole's Cooking A to Z
BUSINESS
By NEW YORK TIMES NEWS SERVICE | August 17, 1999
Alcoa Inc., the world's largest aluminum producer, announced a $4.2 billion unsolicited all-cash bid yesterday for the rival Reynolds Metals Co., a day after Reynolds spurned Alcoa's friendly half-cash, half-stock offer.To turn up the pressure, Alcoa also said it would take its hostile bid directly to Reynolds' shareholders and ask them to remove the company's board, which opposed Alcoa's first overture.Alcoa's move comes as consolidation sweeps the global aluminum industry. On Wednesday, a two-continent, three-company deal was announced when Alcan Aluminium of Canada, Pechiney SA of France and Alusuisse Lonza Group AG of Switzerland agreed to a $17.6 billion merger.
NEWS
By Joe Mathews | January 5, 1999
Nearly three months after a reactor explosion that injured five of its workers, Condea Vista resumed production at its South Baltimore plant late yesterday.Condea Vista, which makes a key ingredient in household cleaners, received the state's permission to start up the plant after signing a consent decree Dec. 24 with the Maryland Department of the Environment.In the decree, the chemical manufacturer admitted to illegally discharging visible emissions, failing to take reasonable precautions to prevent the accident and creating a public nuisance.
NEWS
By Will Englund | December 16, 1999
ACHINSK, Russia -- Alexander Lebed, the would-be president, has a keen interest in Sunday's parliamentary elections, but it has nothing to do with ideology or factional politics or party-building.For the governor of the Krasnoyarsk region in Siberia, the election returns that matter are here, in the 45th District, and they are all about strong-arm power. They will go a long way toward determining the victor in Lebed's epic struggle to wrest control of a vast aluminum empire from a charismatic and reputedly violent businessman.
BUSINESS
By Karol V. Menzie and Ron Nodine | March 22, 1998
AS WITH most home-improvement projects, the decision to build or screen in a porch or patio is just the beginning of the decisions you have to make. They can be as basic as what kind of screening to use and as frivolous as whether to put a light fixture on the ceiling fan.Let's start with the screening: What kind of structure you decided to build will have some bearing on the screening and the system used to install it. With a wood-frame structure, the...
NEWS
By Richard Irwin | June 5, 1998
Police Blotter is a sampling of crimes in Baltimore and Baltimore County.Western DistrictShooting: A 16-year-old youth was arguing with an unlicensed taxi driver in the 1900 block of W. North Ave. about midnight Wednesday when the driver pulled a handgun and shot the youth in the left buttock. The victim was treated at the Maryland Shock Trauma Center.Southern DistrictTheft: Two 20-foot aluminum boats and a 10-foot aluminum boat, all valued at more than $4,000, were stolen between May 28 and Wednesday from a fenced-in lot at the Community Family Center in the 900 block of Key Highway.
BUSINESS
By Karol V. Menzie and Ron Nodine | March 15, 1998
IT'S JUST a simple deck, but during the past few years it's had almost as many lives as a cat.It started about eight years ago, when clients asked Ron to replace a window at the back of their house with a door that would lead to a new deck. A few years later, they decided they wanted to put an addition on the back of the house, so Ron and his crew took off the deck's steps and railings, detached the deck from the house, and set it elsewhere in the yard.Then they built the addition, and then they reattached the deck.
BUSINESS
By Shanon D. Murray | November 5, 1998
The Aluminum Co. of America will reduce production at its Eastalco Works plant in Frederick, causing 150 layoffs and early retirements, the company said yesterday.The job reductions, some of which already have occurred, should be completed by February, said Earl Robbins, Eastalco's public and government affairs manager.Eastalco produces 174,000 metric tons of aluminum a year, but that will be scaled back to 144,000 metric tons. Other Alcoa plants will absorb the 30,000-metric-ton load, he said.