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Alcoa Slashes Capacity to Save Money

By Tamara Rutter | More Articles
January 6, 2012 | Comments (0)

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Alcoa (NYSE: AA  ) plans to cut its smelting capacity by 12% and permanently close some facilities.
  • Boeing (NYSE: BA  ) fell behind rival Airbus in last year's jet sales. However, new commitments for Boeing's updated 737 MAX should lift the company to new heights in 2012. 
  • Barnes & Noble (NYSE: BKS  ) is considering a spinoff of its Nook e-reader business. The struggling company hopes the move will help boost the Nook's 13% market share among e-readers, which badly lags Amazon's (Nasdaq: AMZN  ) 67% share.

So there you have it -- the top financial stories of the day. If you're interested in getting all the news and commentary on these stocks, sign up for My Watchlist -- it's free!

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You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

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Fool contributor Tamara Rutter does not own shares of any companies mentioned in this column. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Amazon.com. Motley Fool newsletter services have recommended buying shares of Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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Related Tickers

5/25/2012 4:00 PM
BA $70.00 Down -1.39 -1.95%
The Boeing Company CAPS Rating: ****
BKS $17.23 Up +0.19 +1.12%
Barnes & Noble, In… CAPS Rating: *
AA $8.63 Down +0.00 +0.00%
Alcoa, Inc. CAPS Rating: ****
AMZN $212.89 Down -2.35 -1.09%
Amazon.com CAPS Rating: ***

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