Alcoa profits up slightly despite fire, hurricane and strikes
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PITTSBURGH Alcoa reported slightly improved earnings today on higher aluminum prices, though the company was plagued throughout the third quarter by a fire, a hurricane and labor strife.
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WASHINGTON -- Oil prices rose yesterday despite reports that refineries along the Gulf Coast and production platforms in the Gulf of Mexico which had been shut down were being restaffed as Hurricane Ivan proved less disruptive than feared.
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Shares in Alcoa Inc.  firmed in early Wednesday trade, boosted by its new restructuring and job cuts as the aluminum giant continued its push to trim costs and focus on more profitable businesses.
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General Electric Co. (GE.N: Quote, Profile, Research) on Friday said third-quarter earnings rose as profit gains across many of its financial and industrial businesses outweighed hurricane-related costs.
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U.S. chain store sales rose in the latest week, but business continued to fluctuate from the effects of Hurricane Charley and high gasoline prices, a report said on Tuesday.
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NEW YORK (CBS.MW) -- Shares of Alcan Inc. rose 3 percent Thursday, drawing support from the Canadian metals giant&#39;s third-quarter results in which profit nearly doubled due to strong industry fundamentals and contributions from its Pechiney unit.
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Alcoa has reached a tentative contract  with its labor union, averting a strike, a company spokesman  said on Wednesday.
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Southern Co. (SO.N: Quote, Profile, Research) , which supplies power to the US Southeast, said Thursday its third-quarter earnings rose slightly, as increased energy use in the industrial
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ConocoPhillips  posted higher fourth-quarter earnings on Wednesday as record oil prices outweighed lower profits from gasoline production.
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The aluminum producer Alcoa said its fourth-quarter profit rose 76 percent as revamping and tax benefits helped offset lower aluminum prices.
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The food maker General Mills reported a slightly higher profit in its latest quarter on Wednesday, as stronger sales offset rising costs for ingredients and price increases did not faze consumers.
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SAN FRANCISCO (CBS.MW) -- Shares of Alcoa fell more than 5 percent in late trade Thursday after the company said it expects third-quarter earnings to fall short of Wall Street forecasts, citing a strike, a fire and restructuring costs.
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Anheuser-Busch Cos. Inc. reported a slight rise in third-quarter earnings Wednesday, despite a general slowdown in its beer business.
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ChevronTexaco Corp., the No. 2 U.S.  oil company, on Friday said quarterly profit jumped, driven  largely by a sharp rise in oil and gas prices.
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Kicking off the new earnings season,  aluminum company Alcoa Inc  reported on Monday that  second-quarter profit slipped, but still matched Wall Street  expectations, even though revenue fell short of forecasts.
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Profits rise at No. 1 insurer but miss forecasts; sees no big financial effect from Spitzer probe. NEW YORK  - American International Group said Thursday its third-quarter earnings rose despite losses
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Third-quarter profit rose at Alcan Inc. (AL.TO: Quote, Profile, Research) on higher aluminum prices and shipments that helped it beat soaring energy costs, the company