Alcoa averts hard-line action with union deal
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Top global aluminum producer Alcoa   apparently dodged a bullet with a last-minute labor deal  for 9,000 workers across the United States, averting the need  for a threatened hard-line stance that could have included the  use of replacement workers.
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Alcoa Inc. , the world's biggest aluminum producer, said on Thursday that net income for the quarter rose slightly, as labor problems and the effect of Hurricane Ivan offset high aluminum prices.
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Alcoa Inc. AA.N, the world's biggest  aluminum producer, on Monday cautioned its shareholders about  an unsolicited, below-market "mini-tender" offer being made by  Toronto-based TRC Capital Corp. to buy up to 3.5 million of its  shares.
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Alcoa's offer for Canadian rival Alcan is trumped by white knight Rio Tinto.
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An expert says the agreement probably will make it easier to reach cost-cutting deals with the ailing carrierâs other unions. United Airlines is making headway in its efforts to trim labor costs by $725
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About 3,400 union workers at four BF Goodrich plants in Indiana and Alabama have approved a new contract that will save the company about 20 percent of its annual labor costs at four older plants.
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Unionized editorial employees at Hollinger International Inc.&#39;s Chicago Sun-Times agreed to a tentative new labor contract on Wednesday, averting a threatened strike, a spokeswoman for the employees said.
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SOUTHFIELD, Mich - Chrysler LLC's contract with the United Auto Workers has been rejected by most large union locals representing auto-assembly plants during the first four days of voting, dimming prospects for the accord's approval, though it has been supported by smaller groups.
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SHANGHAI, China -- Alcoa Inc. and Aluminum Corp. of China jointly acquired 12 percent of the shares of global mining company Rio Tinto PLC in a deal believed to be worth $14.05 billion, the companies said Friday.
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Workers represented by the United Auto Workers ratified a four-year contract with automaker Chrysler LLC, the union said on Saturday, capping a close-fought battle that had threatened to scuttle the labor pact.
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Alcan, the Canadian aluminum producer, said it had signed agreements with third parties to evade a hostile $28.8 billion takeover bid from Alcoa.
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PITTSBURGH Alcoa said today it will take a seven (m) million dollar charge to close an automotive components plant in Ohio due to overcapacity.
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Aluminum producer Alcoa Inc. on Tuesday said it plans to declare force majeure to its customers because of a temporary shutdown of its alumina plant in Jamaica and damage to its seaport from Hurricane Ivan
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Alcan Inc. is planning to cut 2,200 jobs in Europe, a French union said on Wednesday, but the aluminum producer denied a decision had been taken on job cuts.
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MONTREAL/NEW YORK  - Alcan Inc.   has rebuffed requests by Alcoa Inc.  for a meeting to discuss Alcoa's hostile $28.6 billion offer for the Canadian aluminum producer, a regulatory filing showed on Tuesday.
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The Canadian aluminum maker said the $28.6-billion bid was inadequate. Alcoa said U.S. antitrust investigators had asked for more information on the offer.
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Alcoa Inc. AA.N, the world's largest  aluminum producer, on Thursday warned that third-quarter  results would fall far short of Wall Street expectations, hurt  by plant shutdowns, restructuring costs and weakness in some  markets.