On Wednesday, Shares of Alcoa Inc. (NYSE:AA), lost -0.72% to $11.07, hitting its lowest level.
Alcoa, declared that it will permanently close its Poços de Caldas primary aluminum smelter in Brazil on June 30, 2015. The smelter has been curtailed since May 2014 and the underlying market conditions that led to the curtailment have not improved.
“The closure of the Poços smelter permanently removes a high-cost smelting facility from the Alcoa system and is another step in creating a more profitable Primary Metals business,” said Alcoa Global Primary Products President Bob Wilt.
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.
Shares of Regions Financial Corporation (NYSE:RF), inclined 0.48% to $10.41, during its last trading session.
Regions Bank, has the best reputation among top U.S. banks according to a newly released survey from advisory firm Reputation Institute and the American Banker Magazine.
Regions Bank has an “excellent” reputation ranking, as defined by the Reputation Institute, and received the highest score (83.26 out of 100 points) among customers in addition to the highest combined score among customers and noncustomers in the annual survey. Customers ranked Regions No. 1 in the Performance, Leadership and Workplace categories and among the top five in the Products & Services and Governance categories.
Regions Bank chairman, president and CEO Grayson Hall said: “We have built our company culture on a foundation of creating shared value — providing quality financial products, services and advice in a manner that benefits customers, associates, communities and shareholders. We are grateful for the opportunity to serve our customers and those in our communities and for their vote of confidence in this year’s Reputation Institute survey.”
The July issue of the American Banker Magazine provides readers with an in-depth look at the Reputation Institute survey and trends among U.S. banks. The cover story examines Regions’ culture and approach to serving its customers and communities.
Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.
Finally, Sprint Corporation (NYSE:S), ended its last trade with -0.88% loss, and closed at $4.52.
Sprint Corporation, and Dixons Carphone declared a commercial relationship that pairs Sprint with a premier European consumer electronics retailer renowned for innovation in wireless retail sales. The relationship is predictable to accelerate Sprint’s retail transformation, and is the latest inventive move to grow its number of retail stores.
As part of the arrangement, in coming months Sprint will work closely with Dixons Carphone Connected World Services (CWS) division on a pilot program to build and operate about 20 new Sprint stores in select U.S. markets. These Sprint stores will operate similarly to the third-party retailers who operate Sprint-branded wireless stores across the U.S. Sprint will own and staff the stores while CWS will manage them. CWS will also apply its expertise and best practices across all of Sprint’s sales channels.
Dixons Carphone is Europe’s leading specialist electrical and telecommunications retailer and services company and is recognized as a global retail innovator with world-class retail expertise. In a former joint venture with Best Buy, the company assisted launch Best Buy Mobile.
Sprint Corporation, through its auxiliaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands.
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