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-0.000185185185185156 -0.000566893424036303 0 -0.00160619803476948 -0.00793650793650797 -0.0147392290249433 -0.0209750566893424 -0.0249433106575964
Stockreport

Alcoa shares dive 12% after US reconsiders penalties against Russian competitor [MSN Money]

ALCOA (AA)  More Company Research Source: MSN Money
Last alcoa earnings: 10/17 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF © Provided by CNBC A worker walks among rolls of semi-finished aluminum at the Alcoa aluminum factory Alcoa shares dropped Monday after the U.S. Treasury Department issued a six-month reprieve to sanctions levied on a top Russian aluminum competitor. Its stock fell more than 12 percent after the department said it would give Americans until October to wind down transactions with Rusal. The extension was granted, Steven Mnuchin said, to give the department time to review its penalties on the company. Aluminum prices also fell. Rusal has felt the impact of U.S. sanctions because of its entanglement with Oleg Deripaska, but the U.S. government is not targeting the hardworking people who depend on Rusal and its subsidiaries, Mnuchin said in a statement Monday. Rusal has approached us to petition for delisting. Given the impact on our partners and allies, we are issuing a general license extending the maintenance and wind-down period while we consider Rusal's petition, [Read more]

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