The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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martes, 10 de julio de 2012

Alcoa breaks even after second-quarter charges

Alcoa late Monday swung to a second-quarter net loss of $2 million amid a drop in aluminum prices and a raft of charges
In last year's same period, Alcoa earned $322 million, or 28 cents a share
Alcoa said quarterly revenue was $6 billion, down 9% from the same 2011 period
Excluding charges, Alcoa said it made 6 cents a share
Analysts had expected 5 cents a share on $5.8 billion in revenue, according to a FactSet
During the quarter ended June 30, Alcoa said realized aluminum prices slid 18% from the year-earlier period
For 2012, Alcoa reaffirmed its projection for a global aluminum supply deficit and demand growth of 7%, on top of the 10 percent growth seen in 2011
Alcoa, a Dow 30 component, is seen as a barometer for global manufacturing, with its products used by construction firms, airlines, auto makers and home-appliance manufacturers
Its shares have been hammered the past 12 months, declining 46%. Alcoa's stock closed Monday at $8.76.

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