Alcoa Q2 profit slips; extends Alcan offer
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Alcoa Inc  reported second-quarter earnings on Monday that matched Wall Street expectations, but the aluminum producer's revenue fell short of forecasts.
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The worldâs largest oil service company said its second-quarter profit rose to $1.26 billion, driven by strength in its international markets. Still, Schlumberger cautioned that the short-term outlook for its North American business was uncertain due to record imports of liquefied natural gas and continued weakness in Canada.
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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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Falling production and refinery problems dents BP's second-quarter earnings, which dipped 1% to $6.09bn.
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Alcoa&#39;s profit warning a thorn in industrials&#39; side. Nasdaq up with PeopleSoft, extended tech rally. NEW YORK (CNN/Money) - Alcoa&#39;s profit warning bruised the Dow Friday, while the broader market inched higher
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NEW YORK - Investors concerned about third quarter earnings looked past a surprise drop in wholesale prices, keeping stocks mixed Friday. Blue chips dropped on profit warnings from Dow component Alcoa Inc...
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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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Though its quarter was weaker than reported, Alcoa merits Foolish attention.
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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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Shares of Alcoa Inc. fell sharply Friday after the metals giant warned that labour problems in Quebec and plant closings will weaken third-quarter profits.
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MONTREAL - Alcan Inc. (TSX:AL) continued to shed its non-aluminum activities Thursday with the sale of its ferroalloy division for about $165 million.
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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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PITTSBURGH, July 12 -- Alcoa withdrew its $28 billion offer to buy Canadian aluminum rival Alcan on Thursday after being outbid by mining giant Rio Tinto.
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U.S. stocks fell on Tuesday as the  earnings season started on a weak note after aluminum producer  Alcoa Inc. AA.N missed Wall Street expectations and chip  maker Advanced Micro Devices Inc. AMD.N issued a sales  warning.
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Natural gas producer and pipeline  company El Paso Corp.  posted a second-quarter profit on  Monday, but its exploration and production earnings weakened,  sending its shares down 4.5 percent.
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US OIL prices fell further yesterday on continued profit-taking as producer-group OPEC promised production increases in the coming months.
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NEW YORK  - The world&#39;s leading alumium producer, Alcoa, said Thursday quarterly net profit slipped as operations took a double-hit from a labour strike and Hurricane Ivan.