President Barack Obama’s top economic aides are meeting with chief executives from Honeywell International Inc., Alcoa Inc. and others to spotlight U.S. gains in manufacturing as a path to creating jobs.
Alcoa Inc., the largest U.S. aluminum producer, reported better-than-forecast quarterly earnings after its smelting business returned to profitability and results improved at a unit that makes auto and aerospace parts.
Alcoa Inc ., the largest U.S. aluminum producer, said it supports the creation of an exchange- traded fund backed by the lightweight metal and would be interested in supplying aluminum for such a product.
Alcoa Inc., the largest U.S. aluminum producer, cut its forecast for global consumption of the metal by 1 percentage point on slowing Chinese demand, helping to trigger a decline in Asian stocks for a third day.
Alcoa Inc., the largest U.S. aluminum producer, sees global demand growth for the commodity recovering to 7 percent in 2013 as China’s economic rebound drives demand for cans, transport and office buildings.
Alcoa Inc., the largest U.S. aluminum producer, reported earnings that beat analysts’ estimates following a better-than-expected performance at its unit that supplies components to aerospace and power companies.
Alcoa Inc. Chief Executive Officer Klaus Kleinfeld said in January China’s aluminum industry would cut 1.1 million metric tons of unprofitable capacity “pretty soon.” So far that prediction isn’t close to coming true.