On Friday, Shares of Alcoa Inc. (NYSE:AA), lost -0.84% to $9.49.
Alcoa is spending $60 million to expand its three-dimensional manufacturing capabilities at a technical center in the Pittsburgh suburbs, according to AP.
Alcoa declared the expansion at its Upper Burrell Township center on Thursday, together with the company’s new Ampliforge process, which uses 3-D printers to design and produce parts that are finished using traditional processes such as forging. AP Reports
“Alcoa is investing in the next generation of 3D printing for aerospace and beyond,” said Klaus Kleinfeld, Alcoa’s chairman and chief executive officer.
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. The Primary Metals segment produces primary aluminum.
Shares of Chevron Corporation (NYSE:CVX), declined -2.03% to $76.67, during its last trading session.
Chevron Products Company, a Chevron U.S.A. Inc. division, declared that Senior Staff Engineer Shawn Whitacre has been selected as the new chairman of the ASTM Heavy-Duty Engine Oil Classification Panel (HDEOCP). Shawn replaces the outgoing chairman, Chevron Consulting Scientist Jim McGeehan, who has led the panel since 1987. Shawn will assist to lead development of the forthcoming Projected Category 11 (PC-11) and provide guidance as the heavy-duty motor oil category continues to evolve.
“Shawn brings technical expertise form Chevron together with the perspective and expertise of working in fluids for an engine manufacturer at Cummins,” said Brian Stripling, General Manager of Brand, Technology, and OEM, Chevron Lubricants. “His expertise will be key to generating the industry consensus that the industry must reach to continue moving forward. Jim McGeehan was instrumental in moving HDMO stakeholders to consensus over his 28-year term, and we believe Shawn’s experience will assist carry on this precedence.”
Shawn has been involved with the ASTM HDEOCP since 1996, and has assisted to develop five categories dating back to API CH-4. Chevron recently named Shawn as Jim McGeehan’s direct replacement when the longtime industry leader stepped down in June 2015. At Chevron, Shawn is primarily responsible for product formulation of the Delo® Brand of Heavy Duty Engine Oils, and is the lead formulator responsible for development of Chevron’s PC-11 product line upgrade.
Shawn’s career spans nearly 20 years focused exclusively on research and engineering dealing with heavy-duty engine lubricants, fuels, and materials. Before joining Chevron in 2013, he spent 12 years leading global fluids and materials engineering activities for Cummins. He also spent five years conducting lubricant, fuel, and emission research for the Department of Energy’s National Renewable Energy Laboratory in Golden, CO.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream.
Finally, Millennial Media Inc. (NYSE:MM), ended its last trade flat, and closed at $1.74.
AOL declared its continued investment in cross platform programmatic technology for marketers and publishers by signing an agreement to acquire Millennial Media, Inc. (MM), a leading end-to-end mobile platform, for $1.75 per share of Millennial Media common stock.
Following AOL’s recent acquisition by Verizon, which operates the nation’s largest and most reliable wireless network, and its global enterprise-level partnership with Microsoft, today’s declaration further strengthens AOL’s mobile capabilities and underlines its position as the first global mobile media technology company. AOL now operates scaled global content brands, a scaled global content delivery network, a scaled global programmatic advertising platform and a subscription services platform.
With the acquisition of Millennial Media, AOL will:
- Add a leading supply-side platform for app monetization with over 65,000 apps to its publisher suite of offerings
- Add noteworthy mobile brand advertising scale across ONE by AOL
- Have access to about 1 billion global active unique users and robust addressable and cross-screen targeting capabilities
- Accelerate its mobile position in key international markets, counting Singapore, Japan, UK, France and Germany
- Add world-class engineering, sales and product talent that specialize in mobile to AOL
Millennial Media, Inc. provides mobile advertising solutions to advertisers and developers in the United States and internationally. It offers advertisers the opportunity to reach and engage with their targeted audiences across mobile devices and screens; solutions that enables advertisers to gain insights into the performance of their ad campaigns and to manage their campaigns; and cross-screen device map that allows to associate a single user with multiple online and mobile devices.
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