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Alcoa splitting into two companies; expecting 2.4x increase in automotive revenues to $1.8B in 2018

2015-09-28 19:55:35| Green Car Congress

Tags: increase companies automotive revenues

 

Here's a look at some companies Alcoa joins in the split-to-grow club

2015-09-28 17:12:51| Industrial Machines - Topix.net

Alcoa Inc. became just the latest in a string of U.S. companies to split itself into two in what might be seen as a shrink-to-grow strategy. Often, the reason for the manoeuvr is that one part of a company's business is growing at an accelerated rate and the more established but slower growing division begins to look like an anchor.

Tags: the club companies joins

 
 

Aluminum supplier Alcoa to split into two companies

2015-09-28 16:12:56| Industrial Machines - Topix.net

Alcoa Inc. said today it will split into two companies to separate its struggling aluminum smelting operations from production of lightweight metals for its faster-growing aerospace and automotive business. Falling commodity prices and a glut of aluminum have battered Alcoa stock, which before the news, had fallen more than 42 percent this year.

Tags: two companies split supplier

 

Oil companies bear brunt of price downgrades by credit, equity analysts

2015-09-28 10:48:52| Oil & Gas - Topix.net

Standard & Poor's latest downgrades to its oil price assumptions have weakened Origin Energy's credit standing, while the impact on pure-play oil and gas producers Woodside Petroleum and Santos remains uncertain. S&P has left Origin's BBB- rating unchanged but pointed to a "significant" reduction in the buffer the company has within that band, which is the lowest investment-grade rating.

Tags: price credit companies oil

 

Oil companies bear brunt of price downgrades by credit, equity analysts

2015-09-28 10:43:46| Energy - Topix.net

Standard & Poor's latest downgrades to its oil price assumptions have weakened Origin Energy's credit standing, while the impact on pure-play oil and gas producers Woodside Petroleum and Santos remains uncertain. S&P has left Origin's BBB- rating unchanged but pointed to a "significant" reduction in the buffer the company has within that band, which is the lowest investment-grade rating.

Tags: price credit companies oil

 

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