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Mining news: ALCOA INC.Citigroup, Alcoa Lead Plunge Into ‘Free Fall’NEW YORK — The 2008 stock-market crash isn’t over yet, as indices slid to new lows Wednesday and the outlook remains grim. U.S. stocks fell sharply and the Dow Jones Industrial Average closed below 8000 for the first time in more than 5 years as fears Crushed Like An Aluminum CanAlcoa gets hit as an analyst questions its ability to cut costs. Also, Phillips-Van Heusen is hurting, too. Calvin Klein Helping Phillips-Van Heusen, But Not Enough Phillips-Van Heusen (nyse: PVH - news - people ) just reported its third-quarter profits Citi, BHP, Alcoa DeclineNEW YORK — The Standard & Poor’s 500 index finished within two points of its lowest close in more than five years as bellwether multinationals such as Citigroupand mining giant BHP Billitonbraced for an extended contraction of commercial activity. The Major U.S. stock indexes close down more than 2% with Alcoa pacing Dow’s declineextending a two-week losing streak, as Citigroup Inc. readied to slash 50,000 workers and Japan slipped into a recession, heightening investors’ worries about the depth of the globe’s economic woes. The Dow Jones Industrial Average ($INDU:$INDUNews, Alcoa shares fall sharply on UBS downgradeSAN FRANCISCO (MarketWatch) — Alcoa Inc. (AA:AANews, chart, profile, moreLast: Delayed quote dataAnalyst Create alertInsider Discuss Financials Sponsored by:, , ) was down 8% at $9.97 a share Monday, leading percentage decliners in the Dow Jones Alcoa, Disney ReboundNEW YORK — A rally for large global corporations helped stocks pare earlier losses, with the Dow Jones Industrial Average recently trading around the flat line. After discouraging earnings reports and outlooks from Freddie Mac, Nokia and others weighed 9:53am Alcoa, Rio discuss share vehicleArticle from: Dow Jones Newswires THE chief executives of Alcoa and Rio Tinto met in London last week to discuss the next steps for the vehicle holding shares in Rio on behalf of Alcoa and Chinalco. A person familiar with the situation said that at the Short Stocks: Bets build against Morgan Stanley, AlcoaNov 11 (Reuters) - Short interest fell on the Nasdaq and on the New York Stock Exchange in late October, reflecting a continued desire by short sellers to buy back stock and lock in profits. The following list shows stocks that saw increased interest Short Stocks: Bets build against Morgan Stanley, Alcoa© Thomson Reuters 2008 All rights reserved US STOCKS-Wall St falls as Alcoa, Tyco hint of more economic woeNEW YORK, Nov 11 (Reuters) - U.S. stocks slid on Tuesday as faltering demand at aluminum maker Alcoa and a dismal outlook from Tyco International showed the economic slowdown is deepening. The Dow Jones industrial average was down 176.58 points, or 1.99 US STOCKS-Market drops as Tyco, Alcoa feed economic worriesBy Kristina Cooke NEW YORK, Nov 11 (Reuters) - U.S. stocks slid on Tuesday as production cuts at aluminum maker Alcoa, a dismal outlook from Tyco International and weak results at Starbucks underscored fears the economic slowdown will deepen. Signs that Wall Street slides as Tyco and Alcoa feed economic worriesBy Kristina Cooke NEW YORK (Reuters) - Stocks slid on Tuesday as production cuts at aluminum maker Alcoa, a dismal outlook from Tyco International and weak results at Starbucks underscored fears the economic slowdown will deepen. Signs that the Chinese US STOCKS-Wall St falls as Alcoa, Tyco hint of more economic woe(Updates to 4 p.m.) NEW YORK, Nov 11 (Reuters) - U.S. stocks slid on Tuesday as faltering demand at aluminum maker Alcoa and a dismal outlook from Tyco International showed the economic slowdown is deepening. The Dow Jones industrial average .DJI was Wall Street falls as Alcoa, Tyco hint of more economic woeNEW YORK (Reuters) - Stocks slid on Tuesday as faltering demand at aluminum maker Alcoa and a dismal outlook from Tyco International showed the economic slowdown is deepening. The Dow Jones industrial average .DJI was down 176.58 points, or 1.99 percent, Stocks drop as Tyco, Alcoa fuel economic worriesBy Kristina Cooke NEW YORK (Reuters) - Stocks slid on Tuesday as production cuts at aluminum maker Alcoa, a dismal outlook from Tyco International and weak results at Starbucks underscored fears the economic slowdown will deepen. Signs the Chinese US STOCKS-Wall St drops as Tyco, Alcoa fuel economic worries* Investors fret about deepening global slump * Commodity, energy, tech shares among top drags * Alcoa slashes capacity as global demand wanes * Dow down 2 pct, S&P 500 off 2.2 pct, Nasdaq off 2.1 pct * For up-to-the-minute market news, please click on Stocks drop as Tyco, Alcoa fuel economic worriesBy Kristina CookeNEW YORK (Reuters) - Stocks slid on Tuesday as production cuts at aluminum maker Alcoa, a dismal outlook from Tyco International and weak results at Starbucks underscored fears the economic slowdown will deepen. Signs the Chinese Wall St drops as Alcoa, GM darken global outlookBy Leah Schnurr NEW YORK (Reuters) - Stocks fell on Tuesday as production cuts at aluminum maker Alcoa and worries over depleting cash at automaker General Motors underscored fears that the global economic slump is deepening. Signs that the Chinese Wall St drops as Alcoa, GM darken global outlookBy Leah SchnurrNEW YORK (Reuters) - Stocks fell on Tuesday as production cuts at aluminum maker Alcoa and worries over depleting cash at automaker General Motors underscored fears that the global economic slump is deepening. Signs that the Chinese US STOCKS-Wall St drops as Alcoa, GM darken global outlook* Investors fret about deepening global slump * Commodity, energy, tech shares among top drags * Alcoa slashes capacity as global demand wanes * Dow off 3.1 pct, S&P 500 off 3.4 pct, Nasdaq off 3.1 pct * For up-to-the-minute market news, please click on |
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