Alcoa Posts an Unanticipated Quarterly Profit on Price Increases, Job Cuts

[jk]

Alcoa Reports Unexpected Profit on Cost Reductions (Update3)

Oct. 7 (Bloomberg) -- Alcoa Inc., the largest U.S. aluminum producer, reported an unexpected third-quarter profit as it benefited from improving metal prices and saved money by cutting jobs and raw-material costs....

http://www.bloomberg.com/apps/news?p...d=apPlNuQjLicM

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price increases and job cuts. incredible. who'dathunk?

[GRG55]

Re: Alcoa Posts an Unanticipated Quarterly Profit on Price Increases, Job Cuts

Alcoa Reports Unexpected Profit on Cost Reductions (Update3)

Oct. 7 (Bloomberg) -- Alcoa Inc., the largest U.S. aluminum producer, reported an unexpected third-quarter profit as it benefited from improving metal prices and saved money by cutting jobs and raw-material costs....

http://www.bloomberg.com/apps/news?p...d=apPlNuQjLicM

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price increases and job cuts. incredible. who'dathunk?

"Improving metal prices" for aluminum were already starting to "un-improve" before the quarter was over...