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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: aluminum

aluminum stories: 7 news summaries

 Can It: Wine 
 Industry Goes 
 Aluminum 

Drinkers like single serving, easy transport, eco-friendliness

May 18, 09 11:16 AM CDT
(Newser) - It may lack a certain old-fashioned class, but that’s not stopping the wine industry from embracing aluminum cans, the Times of London reports. A top can-maker said he’d sold 35 million cans to the industry last year, up from 6 million in 2006—and he foresees wine fans... More »

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alcohol • aluminum • wine • drinking • aluminum can

Aluminum
Giant Alcoa to Lay Off 13,500

Pittsburgh company slashes 13%
of its work force

Jan 6, 09 8:58 PM CST
(AP) - Alcoa, the world's third-largest aluminum maker, said today it will cut 13,500 jobs—13% of its work force—and slash spending and output to cope with the global economic slowdown. The reductions expand on cost-cutting measures announced in October, when the Pittsburgh-based company reported a 52% decline in third-quarter... More »

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layoffs • Alcoa • aluminum • economic downturn

(Newser) - Scientists have made a breakthrough that could dramatically boost the world's food production by making more land farmable, Wired reports. A slight change to a single gene allows plants to thrive in earth made toxic by aluminum, which currently renders nearly half of the world's soil useless for growing crops.... More »

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agriculture • farming • genetically modified crops • aluminum • crops • toxin • genetic engineering • genetic alteration

Bahrain Arm Accuses Alcoa of Corruption

US aluminum giant bribed, defrauded, and overcharged, lawsuit alleges

Feb 28, 08 10:47 AM CST
(Newser) - A company controlled by Bahrain's government has filed a lawsuit in US federal court accusing metals giant Alcoa of a host of shady business practices, the Wall Street Journal reports. Pittsburgh-based Alcoa, one of the world's biggest aluminum companies, systematically overcharged Bahrain Aluminum for raw materials and funneled money to... More »

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Alcoa • Alcan • aluminum • bribery • bribe • corruption • lawsuit • corporate governance • Bahrain • Jersey • Aluminum Bahrain • Royal Bank of Canada • US Foreign Corrupt Practices Act • Kroll Associates • Victor Dahdaleh • AA Alumina & Chemicals • Alumet Asia PTE • Guernsey

UPDATED

Rio Tinto Rejects $147B BHP Bid

Mining giant holds out for an even better offer from rival

Feb 6, 08 11:24 AM CST
(Newser) - Rio Tinto today rejected a $147.4B bid from rival mining giant BHP Billiton, the Wall Street Journal reports. Although the bid would have been one of the largest takeovers ever, Rio is holding out for a sweeter deal. "BHP Billiton's offers, while improved, still fail to recognize the... More »

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aluminum • BHP Billiton • Rio Tinto Group • copper • iron ore • Cia. Vale do Rio Doce • Xstrata

Alcan Steels Itself Against Alcoa Bid

Canadian aluminum producer rejects
US rival, says it will seek other offers

May 22, 07 6:17 PM CDT
(Newser) - Canadian aluminum maker Alcan has rejected the $24.7-billion bid from rival Alcoa that would have been the biggest takeover in the metals industry, and signalled its intention to look elsewhere. Alcoa’s  $74.60-per-share bid was inadequate, Alcan’s CEO said today, reigniting rumors that both companies may be... More »

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Alcoa • Alcan • aluminum • takeovers • merger • acquisition

Aluminum Giant Makes Play for Rival

Alcoa's $26.9 hostile takeover bid for Alcan comes after years of merger talks

May 7, 07 1:44 PM CDT
(Newser) - Aluminum titan Alcoa is hoping to get its largest rival, Alcan, to melt under a hostile takeover bid, after merger talks between the two companies collapsed. Alcoa, the world's largest aluminum company, has offered $26.9 billion for its Canadian competitor in an effort to beat out the emerging market... More »

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Alcoa • Alcan • aluminum • hostile takeover • merger • acquisition • hydropower

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