Ryan's District Boards

RD Today => All the News => Business News => Topic started by: riky on March 16, 2009, 11:02:44 PM

Title: Alcoa cuts dividend, seeks to raise cash (Reuters)
Post by: riky on March 16, 2009, 11:02:44 PM
Alcoa cuts dividend, seeks to raise cash
    (Reuters)

 



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.


http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090316/bs_nm/us_alcoa