Industrials

Alcoa Posts Mixed 3Q Results, Shares Fall

Alcoa got the third-quarter earnings season off to a mixed start after the bell, posting earnings that were well short of views, while revenue beat expectations. 

CORRECTED: ClearBridge Energy Among US Stocks Hitting 52-Week Lows Friday

Contrary to a report Friday, Kinder Morgan Inc. (KMI) did not hit a 52-week low during NYSE trading on Friday, Oct. 28. The owner and operator of energy infrastructure opened at $29.26 a share and reached an intra-day low of $28.50 before closing the trading session at $29.10 a share.

Tyco 4Q Profit Grows 44%, Separation Plan on Track

The diversified manufacturer posted net income from continuing operations of $392 million, or 83 cents a share, compared with $273 million, or 55 cents a share, in the same quarter last year.

GM Elects Former Wal-Mart Exec Schoewe to Board

General Motors said Tuesday it has elected Thomas Schoewe, a former executive vice president and chief financial officer of Wal-Mart, to the car company’s board of directors.