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New Details On Alcoa's Plans To Split Into 2 Companies
Wednesday, June 29, 2016 - 2:42pm | 324Referring to the regulatory filings of Alcoa Inc (NYSE: AA), Reuters reported the company will spin off its traditional upstream smelting business in the second half of 2016, and name it Alcoa Corp. Up to 19.9 percent of this newly formed company will be owned by its value-added business serving...
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Boeing Risks Include Updated 777 & Global Currencies
Wednesday, February 18, 2015 - 6:26pm | 404Shares of Boeing Co (NYSE: BA) are up over 15 percent year-to-date on back of strong fourth-quarter results, and the Street expects this trend to continue as the economy continues to show signs of growth. Kenneth Herbert from Canaccord Genuity was on CNBC Tuesday to discuss the outlook and the...
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Market Wrap For May 1: Markets Mixed To Start The New Month
Thursday, May 1, 2014 - 4:35pm | 2905U.S. stocks were little moved to start off the month of May as investors and traders are cautious before April's nonfarm payrolls report are released on Friday. The consensus estimate for Friday's figure stands at 215,000 which would trump March's 192,000 number. “This is a really important...
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Market Wrap For December 13: Major Indices Finish The Day Flat
Friday, December 13, 2013 - 5:45pm | 2270Major indices were looking for a rebound after a four day skid which included multiple triple digit point losses for the Dow. Futures pointed to a higher opening as investors found reason to be positive in the House's passing of the budget agreement last night. The markets were unable to hold on...
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States Scramble to Land Lucrative Boeing 777X Project
Wednesday, December 11, 2013 - 2:52pm | 727The race is on between a dozen or so states to see who can become the home for production of the new and very lucrative Boeing (NYSE: BA) 777X jetliner, a multi-billion-dollar project the company says is targeted for its first delivery to the airlines in 2020. That scramble began last month,...
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Market Wrap For November 18: Markets Hit New Highs Before Carl Icahn Comments
Monday, November 18, 2013 - 5:53pm | 1763Asian markets set the tone for Monday's trading session with Hong Kong and Shanghai indices receiving a boost from China's reforms which will open up the country's financial sector and ease restrictions on investments. Europe followed suit with major indices inching higher. It was only...