Alcoa shares climb on restructuring, job cuts
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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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Planned job cuts at U.S. firms climbed  during November, a report said on Tuesday, in a further sign of  sluggishness in the labor market.
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Shares surged yesterday, pushing up the Dow Jones industrials by more than 100 points as a report that two companies are independently trying to buy Alcoa fueled hopes for a pickup in takeover activity.
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Wall Street was unsurprised to hear of  more takeover speculation in the mining sector on Tuesday, but  despite a surge in Alcoa's stock price, few analysts believed  the U.S. aluminum giant was about to be gobbled up.
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Stocks advanced on Monday as deal news, including a takeover in the oil services industry worth nearly $18 billion, and strong pharmaceutical sector profits reassured investors after Friday's sell-off.
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Stocks edged up on Thursday as higher oil prices lifted energy companies' shares in a noncommittal market faced with conflicting data on the economy's health.
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Aluminum producer Alcoa Inc   said on Wednesday that fourth-quarter net profit rose 76  percent on restructuring and tax benefits, offsetting lower  aluminum prices.
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Aluminum producer Alcoa Inc said on  Wednesday that fourth-quarter net profit rose 76 percent on  favorable restructuring and tax benefits, offsetting lower  aluminum prices.
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Aluminum producer Alcoa Inc.  on Tuesday announced a restructuring of its product operations that will include plant closings and could ultimately result in a 10 percent reduction of its worldwide work force.
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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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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
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U.S. stocks finished slightly higher  on Monday as investors bet on good earnings news as the  fourth-quarter reporting season kicks off -- although hopes  were muted after the closing bell as Dow component Alcoa Inc.  AA.N posted profits below Wall Street's expectations.
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Stocks rose on Monday, lifted by takeover news and data showing stronger manufacturing growth in June even as price pressures eased.
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Alcoa Inc. is being targeted by two foreign mining giants who are each preparing $40 billion takeover bids for the aluminum producer, a British newspaper reported. Alcoa shares rose $2.10, or 6.4 percent, to $35, yesterday although some analysts questioned whether such a deal was likely.
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Shares of Alcan Inc. rose after reports of possible takeover offers from Norsk Hydro ASA and Rio Tinto Group raised expectations of a bidding war with Alcoa Inc. for the Canadian aluminum producer.
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Colgate-Palmolive (CL:NYSE - news - research) shares gained early Tuesday after the consumer products company announced a restructuring plan, which includes a 12% payroll cut.
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Shares of most U.S. staffing companies  rose on Friday after a less than expected moderation in job  growth in August, reflecting still steady demand, industry  executives and analysts said.