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Reuters: Alcoa cuts dividend, seeks to raise cash

Started by chris, March 16, 2009, 11:59:17 PM

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chris

Alcoa cuts dividend, seeks to raise cash
      
   
      


NEW YORK (Reuters) - Alcoa Inc said on Monday it will slash its dividend, issue stock and convertible notes worth about $1.1 billion and trim its 2010 spending to help weather the steep downturn in aluminum demand.<div class="feedflare">
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