Alcoa & Boeing Partner In Recycling Process and 2 Other Dow Movers to Watch
Alcoa (NYSE:AA): Current price $7.98
The aluminum behemoth this week announces a new collaboration with the prime aerospace aluminum user Boeing Company (NYSE: BA). A press release advises that Boeing will collect scrap aluminum discarded in its plane-manufacturing process and that of its suppliers, and then deliver it directly to Alcoa for recycling into new aluminum which Boeing can rework into new plane parts. The two firms agree that the scrap will accumulate to around 8 million pounds per year, and will at first be comprised of aluminum extrusions, sheet, and plate products. But in the future, the parties hope to broaden the program into including other, perhaps smaller pieces of scrap metal like “chips” of aluminum shaved off in the process of machining parts.
The Coca-Cola Company (NYSE:KO): Current price $39.04
The world philanthropic arm of The Coca-Cola Company, The Coca-Cola Foundation, awarded some $36 million in grants to 105 community organizations during the first quarter of this year. These grants support the Foundation’s worldwide priority areas and the firm’s three-part sustainability approach, which is concentrated upon improving people’s well-being, building strong communities, and protecting the environment. Lisa M. Borders, chair of The Coca-Cola Foundation and vice president of Global Community Connections for The Coca-Cola Company, said that “Coca-Cola wants to be a positive force in communities around the world. Through these grants, we have an amazing opportunity to make a real difference for millions of people by supporting personal well-being programs, improving access to critical natural resources such as clean water and supporting many other sustainable community programs.”
AT&T (NYSE:T): Current price $34.55
On Thursday, AT&T’s wholly-owned subsidiary Aio Wireless announced the intro of 4-gigabyte LTE service covering over 200 million people, which further enriches the first-class wireless experience it supplies to wireless users who prefer not to commit to an annual contract. Aio has facilitated the transition to 4G LTE for its customers by sending a free over-the-air software push that has automatically upgraded their SIM cards. Aio also announced Thursday the expansion of its LTE-capable device offerings with the debut of the ZTE Overture, which will become available in Aio stores and online at www.aiowireless.com within the next month.