Alcoa News

Wall Street was poised for a lower open on Friday after Chevron warned about second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.

Rick Stouffer can be reached via e-mail or at 412-320-7853. Alcoa Inc. sharply reduced its second-quarter losses by cutting personnel, its dividend and overall expenses in response to a rapid slowdown in aluminum demand, analysts said Thursday.

Gold and other commodities sold off Friday as investors refrained from buying risky assets as they await more clarity on the economy from earnings reports.

A $500-million development is planned for Alcoa, aiming to give the town a walking-friendly downtown.

Thu Jul 9, 2009 4:45pm EDT - Flags fly outside of the Goldman Sachs headquarters building in the financial district of New York May 8, 2009.

07/09/09 Aluminum giant Alcoa Incorporated (AA) announced late Wednesday that it posted a 2Q profit loss that still managed to beat Wall Street estimates.

Oil prices dropped below $60 a barrel Friday in Asia as investors braced for a slew of company earnings reports next week that will provide clues on the strength of crude demand.Benchmark crude for August delivery was down 68 cents at $59.73 a barrel by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

The Toronto stock market moved higher late Thursday morning, snapping a fierce three-session losing streak as commodity stocks mended.

By SARA LEPRO Investors moved money back into commodities Thursday, sending prices for gold, copper and soybeans higher as they stepped up their willingness to take on risk.Better-than-expected results from aluminum maker Alcoa Inc.

Treasury prices slipped Thursday, a day after a big jump, as stock prices recovered.

U.S. stocks fell on Tuesday as investors turned cautious ahead of earnings season, and talk of a second stimulus package underscored worries about the U.S. economic recovery.

World stock markets posted modest gains Thursday after aluminum company Alcoa Inc.

Investors pulled away from stocks again as conflicting signs emerged about the direction the economy is taking.Stocks mostly fell Monday, led by energy and materials companies, as prices for oil and other commodities skidded.

Wed Jul 8, 2009 6:04pm EDT - From Google Images . NEW YORK - The Dow and the Nasdaq eked out gains on Wednesday as a late-stage rally brought stocks off their lows on hopes that the quarterly earnings season would deliver good news.

Filed under: Before the bell , International markets , Earnings reports , Deals , Google , Microsoft , Market matters , Alcoa Inc , Economic data , Oil U.S. stock futures were mixed on Wednesday morning, trading in a tight range as investors awaited results from Alcoa this afternoon that kick off second quarter earnings season.

Among the companies whose shares are expected to see active trade in Wednesday's session are Alcoa, Pepsi Bottling, WD-40 and Family Dollar.

July 8 - " Stocks on Wall Street declined as investors braced for the start of the second-quarter earnings season and an adviser to President Barack Obama floated the prospect of a second stimulus package.

By SARA LEPRO Associated Press NEW YORK - Investors are sending stocks lower as they wait for signals about where the economy is headed.

U.S. stock futures pointed to a flat open on Tuesday as investors turned cautious ahead of corporate earnings results, and talk for the need of a second fiscal stimulus package underscored worries about the U.S. economic recovery.

Earnings at companies in the Standard & Poor's 500 Index are still dropping, but at a slower pace, analysts' estimates show.