Word: alcoa
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Extensive air-transport service in and out of Miami International Airport has made that city a key jumping-off point for companies doing business in South America. In recent years, more than 100 multinational corporations, including Alcoa, Du Pont, Goodyear and Borden, have opened regional offices in nearby Coral Gables, a ten-minute drive from the airport...
...CoCom to halt technology exports to the Soviet Union. But while the U.S. Government has stopped trade by some American companies, foreign firms have sometimes flouted U.S. policy. The French, for example, signed a contract last September to build the steel factory that Armco could not. And after Alcoa was forbidden last year to construct a Soviet aluminum smelter, a West German firm went ahead with the project...
When using inflation accounting, other large companies show smaller profits, if not outright losses. Exxon's income dips $560 million to slightly more than $5 billion; Alcoa's plunges from $470 million to $ 144 million. Robert Hampton III, a Price Waterhouse senior partner, says that a survey of 83 companies using inflation accounting last year showed that real profits were about 40% less than those reported on the normal balance sheet. Another survey, by Arthur Young & Co., revealed after adjustments for inflation that airlines, railroads and tire and rubber companies actually lost money. High-technology companies like...
...Jeffrey R. Toobin, writer of the Box, for pointing out that it was that Pittsburgh and Baltimore are "aging industrial cities" that are only "an hour's plane ride apart." Pittsburgh aging? you must mean senile. As the headquarters of penny ante companies like U.S. Steel, Gulf Oil Corp., Alcoa and Westinghouse Electric Corp. it couldn't possibly be an industrially sophisticated city. Their baseball team naturally lacks sophistication because of this...
Harvard raised the stocks of Alcoa. Kaiser and Reynolds considerably with their use of aluminum today. The Crimson lashed out 15 hits, eight in succession in a nine-run sixth inning, and five went for extra bases. Resident axemen Bingham and Mike Stenhouse continued to baffle anyone with an arm. Both went 3-for-4 while Bingham lashed two long triples. In addition, outfielder Charlie Santos-Buch extended his hitting streak to six with a base hit to left during batting practice in the sixth...