Wednesday, October 12, 2011

Alcoa blames economic slowdown...

Alcoa Inc. (AA). The aluminum producer said an economic slowdown hurt demand and knocked prices for the metal lower, denting its third-quarter profit. Alcoa, the first Dow component company to report third-quarter results, said net earnings were $172 million, or 15 cents per share, compared with $61 million, or 6 cents per share, a year earlier.

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