On Monday, Shares of Alcoa Inc. (NYSE:AA), lost -1.23% to $13.65.
Alcoa, declared that Alcoa of Australia will permanently close the Anglesea coal mine and power station on August 31, 2015.
The Anglesea power station formerly supplied about 40 percent of the power needs for the Point Henry smelter in Geelong, Victoria. Alcoa said in February 2014 that it would conduct a sales process for the site, which has been operating as an independent supplier to the National Electricity Market since the smelter closed in August 2014. The sales process did not result in a sale.
After closing the Point Henry operations in 2014 Alcoa contributed AUS$5million into the Geelong Region Innovation and Investment Fund to support job creation projects that strengthen and diversify the regional economy and employment base.
As a result of the closure, Alcoa anticipates to record 2015 restructuring-related charges of $30 million to $35 million, after-tax and non-controlling interest, or $0.02 to $0.03 per share, of which about 80 percent would be recorded in the second quarter. Alcoa’s free cash flow target for 2015 of $500 million remains unchanged.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina.
Shares of Honeywell International Inc. (NYSE:HON), inclined 0.56% to $102.69, during its last trading session.
A survey conducted by Honeywell International, in the United Arab Emirates reveals air travel passengers are relying on new airport and in-flight technologies for a smarter, stress-free travel experience.
The survey highlights the importance of technology in making air travel easier for passengers at every stage of flight, from check-in to baggage claim. With passenger numbers in the Middle East region predictable to rise threefold by 2020 according to the International Air Transport Association, the survey reveals ways in which the latest airport and aircraft innovations are being used by passengers to beat congestion, minimize stress, save time and stay connected.
Honeywell’s survey finds that while there is a consensus among UAE passengers (94 percent) that airports and airlines have taken the right steps to improve punctuality and minimize delays over the past 10 years, many feel there is still more to be done. Looking ahead, nearly half of travelers (47 percent) believe improving the speed and efficiency of flights should be the industry’s top investment priority.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.
At the end of Monday’s trade, Shares of UnitedHealth Group Incorporated (NYSE:UNH), lost -0.79% to $114.77.
The National Military Family Association (NMFA), a nonprofit that works to strengthen and protect military families, received a $125,000 grant from United Health Foundation supporting military spouses who are pursuing health care careers.
This funding follows a 2014 United Health Foundation grant of $100,000 to NMFA to advance the careers and ease the financial burdens of military spouses specifically entering the mental health profession. After seeing the results of the initial grant, the scope of this funding was broadened to primary care to lend assistance to even more military spouses as they bring their unique skills to careers in health care.
“United Health Foundation’s support assists level the playing field for spouses seeking careers despite the challenges of the military lifestyle, and spurs spouses into portable, high-demand fields that are essential to career continuity in our very mobile lifestyle,” said Joyce Raezer, executive director of NMFA. “We are very proud to declare this grant as we celebrate Military Spouse Appreciation Day on May 8th.”
UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.
Finally, Kohl’s Corp. (NYSE:KSS), ended its last trade with 0.03% gain, and closed at $74.30.
Kohl’s Corporation, declared a $50,000 cash donation toward earthquake relief efforts in Nepal. Kohl’s is providing this donation to the American Red Cross, which is delivering much-needed emergency supplies and services in the influenced areas.
“We are deeply saddened by the devastation and heartache practiced by so many throughout Nepal and our hearts go out to all the families and communities who were influenced,” said Bevin Bailis, Kohl’s senior vice president of public relations and communications. “Kohl’s is honored to be in a position to provide financial assistance as these communities come together to repair and rebuild during this difficult time.”
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers.
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