On Wednesday, Alcoa Inc (NYSE:AA)’s shares inclined 2.39% to $9.86.
For the fourteenth year in a row, lightweight metals leader Alcoa (AA) has been named as one of the world’s leading companies for sustainability on the prestigious Dow Jones Sustainability Indices (DJSI)—a globally recognized and reputable benchmark for corporate responsibility and sustainability. Alcoa was again recognized as the Aluminum Industry Leader on the Dow Jones World Index.
Over the last year, Alcoa expanded its multi-material value-add portfolio and introduced innovations across its end markets enabling customers to produce more environmentally friendly products. The Company also reduced its overall emissions by closing and curtailing high-cost, less efficient facilities as it continued to reshape its commodity business.
Highlights of Alcoa’s industry-leading sustainability performance comprise:
- Reduced absolute greenhouse gas emissions by 3 million metric tons, or 6.8 percent.
- Developed forging for the world’s first hybrid-metallic fan blade, assisting make Pratt & Whitney’s PurePower®engines lighter and more fuel efficient.
- Unveiled Alcoa MicromillTMtechnology; will manufacture most advanced aluminum sheet on the market, supporting the creation of lighter, more fuel efficient, safer vehicles.
- Introduced Ultra ONETMheavy-duty truck wheel; 47 percent lighter than steel wheel of same size, enables trucks to enhance fuel efficiency and payload.
- Named the World’s Most Active Organization by the Global Corporate Challenge for the second successive year.
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.
Anheuser Busch Inbev SA (ADR) (NYSE:BUD)’s shares gained 6.85% to $115.44.
Anheuser-Busch InBev (AB InBev) (BUD) notes the declaration made by SABMiller plc. AB InBev confirms that it has made an approach to SABMiller’s Board of Directors regarding a combination of the two companies. AB InBev’s intention is to work with SABMiller’s Board toward a recommended transaction.
There can be no certainty that this approach will result in an offer or agreement, or as to the terms of any such agreement.
A further statement will be made as appropriate.
In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the “Code”), AB InBev must, by not later than 5.00 p.m. on Wednesday 14 October, 2015, either declare a firm intention to make an offer for SABMiller in accordance with Rule 2.7 of the Code or declare that it does not intend to make an offer for SABMiller, in which case the declaration will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of SABMiller and the Takeover Panel in accordance with Rule 2.6(c) of the Code.
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of about 200 beer brands, which comprises Budweiser, Corona, Stella Artois, Beck’s, Leffe, Hoegaarden, Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass, and Jupiler. Anheuser-Busch InBev SA/NV was founded in 1366 and is headquartered in Leuven, Belgium.
At the end of Wednesday’s trade, Hilton Worldwide Holdings Inc (NYSE:HLT)‘s shares surged 1.84% to $25.47.
Hilton Worldwide (HLT) declared that The Asheville Foundry Inn in North Carolina will join Curio – A Collection by Hilton™, a global set of remarkable upscale and luxury hotels hand-picked for their distinctive character and personality, appealing to passionate travelers seeking local discovery.
Construction of the new-build 92-room hotel at Eagle and South Market streets will preserve existing buildings in the exciting downtown area to maintain the character and spirit of the local community. The Asheville Foundry Inn, Curio Collection by Hilton, is predictable to open by December of 2016.
Historically known as the Foundry Buildings, the three original, contiguous buildings to remain as part of the development are recognized as some of the most noteworthy structures in Asheville. Much of the steel used in the construction of buildings in the Asheville area was formed and created at this site. Together with two newer buildings on the site, The Foundry Inn will be comprised of these five connected buildings counting a 100-seat restaurant, 3,500 square foot lounge with a library and fireplaces, 3,600 square foot luxury spa and fitness center, and about 3,000 square feet of functional meeting and event space.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio-A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
Home Depot Inc (NYSE:HD), ended its Wednesday’s trading session with 1.41% gain, and closed at $117.82.
Brokerage firm Oppenheimer came away from recent meetings with Home Depot Inc. (NYSE: HD) senior executives even more confident in its near and longer term positive stance on shares. For a long while, Oppenheimer has recommended Home Depot as one of its Select Top Picks within Hardlines Retail, according to the 24/7 Wall St.
Administration indicated clearly that they continue to look upon an improving housing market as a sales tailwind for Home Depot. Limited supplies are assisting to drive home price appreciation. Still strict lending standards are keeping first-time home buyers and others on the sidelines.
24/7 Wall Street reported the Online sales are presently tracking at about 5% of total revenues. The Buy Online/Pick Up in Store option accounts for nearly half of online sales. Administration tends to look on online sales as incremental to the chain.
By most all measures, pro penetration remains subdued at Home Depot. The company is experimenting aggressively with merchandising and service initiatives to drive better pro sales. Commentary suggests that Home Depot increasingly looks on more comprehensive financing alternatives as a means to drive better pro sales.
The recent acquisition of Interline Brands reestablishes Home Depot in the maintenance and repair business and affords the chain an opportunity to better capitalize on improving sales of multifamily residences. Integration of the distributor is likely to prove slow and steady. 24/7 Wall St added.
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, in addition to provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers.
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