CLEVELAND--(BUSINESS WIRE)--Alcoa Wheels today launched Version 2.0 of its innovative CalcuLighter?, the easy to use on-line tool designed to provide commercial vehicle fleet managers and owner-operators the kind of detailed information they need when making wheel buying decisions to lower operating costs, improve productivity and reduce greenhouse gases. CalcuLighter? from Alcoa Wheels provides financial data with instant results for comparing steel and aluminum wheel alternatives. The tool cal
NEW YORK--(BUSINESS WIRE)--Alcoa Inc. (NYSE:AA) today announced the pricing of its public offering of $1 billion aggregate principal amount of 6.150% Notes due August 15, 2020. The offering is expected to close on or about August 3, 2010. Alcoa expects to receive aggregate net proceeds from this offering of approximately $993 million, after deducting underwriting discounts and estimated offering expenses. Alcoa intends to use the net proceeds from this offering together with cash on hand, if nec
NEW YORK--(BUSINESS WIRE)--Alcoa Inc. (NYSE:AA) announced today it will seek to enhance the maturity profile of its debt through tender offers for several series of outstanding notes and a concurrent public offering of senior unsecured debt securities. In addition, the Company will repay debt maturing August 1, 2010 using cash on hand. Alcoa has commenced tender offers to purchase for cash: Any and all of its 6.50% Notes due 2011 (the ?Any and All Tender Offer?); and Up to the Maximum Tender Amo
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that two senior finance executives will swap positions so each can broaden his experience within the global aluminum company. Effective August 1, Tony R. Thene, Alcoa Vice President and Controller, has been named Chief Financial Officer of Alcoa?s Engineered Products and Solutions business group (EPS), and Graeme Bottger, currently EPS Chief Financial Officer, has been elected to succeed Mr. Thene as Alcoa Vice President and Controller.
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Alcoa (NYSE:AA) declared (a) a quarterly common stock dividend of 3 cents per share payable August 25, 2010 to shareholders of record at the close of business on August 6, 2010 and (b) a quarterly dividend of 93.75 cents per share on Alcoa?s $3.75 cumulative preferred stock payable October 1, 2010 to shareholders of record at the close of business on September 10, 2010. Alcoa has paid a quarterly dividend on its common stock for more than 60 y
WASHINGTON & NORCROSS, Ga.--(BUSINESS WIRE)--Alcoa?s Kawneer architectural aluminum building and construction products business and the American Institute of Architecture Students (AIAS) invite architecture and design students to participate in the 2010 national student design competition. Sponsored by Kawneer and administered by AIAS, the competition challenges students to learn about building materials, specifically architectural aluminum building products and systems, in the design of a moder
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE: AA) today announced second quarter 2010 income from continuing operations of $137 million or $0.13 per share compared with a first quarter 2010 loss from continuing operations of $194 million, or a loss of $0.19 per share. First quarter 2010 results included restructuring and special charges of $295 million, or $0.29 per share. The second quarter of 2009 showed a loss from continuing operations of $312 million, or $0.32 per share including restructuring ch
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today it has agreed to purchase privately held Traco, a premier maker of windows and doors for the commercial building and construction market. Traco will become part of Alcoa?s global Building and Construction Systems business. Terms were not disclosed. ?Traco?s strong brand and product lines are well known throughout the commercial building market and we look forward to helping the brand continue to flourish,? said Glen Morrison, President o
NEW YORK--(BUSINESS WIRE)--Alcoa announced today that a new four-year contract covering 5,400 employees at 10 Company locations in the United States has been ratified by members of the United Steelworkers (USW). ?This new agreement is a good outcome for our employees, shareholders, customers and communities. We believe that this was a successful negotiations process, with contributions by both sides, and we are pleased that our employees ratified the contract,? said Mick Wallis, president of Alc
WASHINGTON--(BUSINESS WIRE)--A meeting today of prominent CEO?s from the United States and Russia with Presidents Medvedev and Obama marked a major step forward in U.S.-Russian business relations. The meeting was held today as part of the summit between the U.S. and Russia. Alcoa Chairman and CEO Klaus Kleinfeld, who also serves as Chairman of the U.S.-Russia Business Council (USRBC), said: ?This meeting was a unique moment in bilateral relations and I thank Presidents Medvedev and Obama, as wel
