Alcoa extends Alcan offer while Q2 profit slips
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Alcoa Inc , the world&#39;s largest  aluminum company, on Monday extended its outstanding offer to  acquire Alcan Inc. , even as it reported a slip in  second-quarter profit.
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The soup maker said its second-quarter profit slipped 3.9 percent to $274 million even though its sales rose.
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Halliburton Co, the No. 2 oil services  company, on Friday posted a narrower quarterly loss as energy  services profits grew, but results missed Wall Street  expectations and its shares fell.
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MONTREAL/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc  offered $38.1 billion to buy Canada's Alcan Inc in an agreed deal to create the world's No. 1 aluminum producer, trumping a hostile bid by Alcoa Inc
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U.S. blue chip stocks were lower on  Friday after a profit warning from aluminum maker Alcoa Inc.   AA.N, but technology stocks edged higher after a judge  rejected a government bid to block a takeover of PeopleSoft  Inc. PSFT.O by Oracle Corp.ORCL.O.
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The Canadian aluminum maker Alcan has denied a request by a rival, Alcoa, for further talks on Alcoaâs hostile $27.5 billion takeover bid.
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Profit margins should continue to expand at Oil-Dri.
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Shares of Alcan Inc. (AL.TO: Quote, Profile, Research) (AL.N: Quote, Profile, Research) tumbled almost 5 percent on Friday morning, after rival aluminum-maker Alcoa (AA.
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A sharp decline in oil prices and a surprise drop in wholesale prices pushed stocks higher in late trading Friday, easing investors&#39; concerns about third quarter earnings after profit warnings from Dow component Alcoa Inc.
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Oil prices eased to $45 a barrel on  Tuesday, extending a profit-taking set-back despite a looming  cold spell in the eastern United States and global supply  outages.
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Aluminum producer Alcan Inc.  has begun negotiating toward a merger agreement with Rio Tinto Plc to fend off a hostile bid from U.S. rival Alcoa Inc. , a Canadian newspaper said on Wednesday.
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Fourth-quarter profit surged at Alcan Inc.   on higher aluminum prices, the company said on Wednesday.
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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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Alcoa Inc. , the world's biggest aluminum producer, on Monday posted a lower net profit, despite higher revenue from soaring metal prices, because it took a charge for divesting non-core businesses.
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MONTREAL/NEW YORK  - Alcoa Inc.  says it could raise its hostile $28.6 billion offer for Alcan Inc.  if warranted, but the Canadian aluminum maker has rebuffed requests for talks, a regulatory filing showed on Tuesday.
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US stocks extended their gains on Tuesday as oil prices slipped, easing concerns that energy costs would hurt corporate profits and helped raise hopes for improvement in the economy.
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Alcoa Inc , the world's largest aluminum company, on Monday extended its outstanding offer to acquire Alcan Inc. , even as it reported a slip in second-quarter profit.