Alcoa (NYSE:AA): Current price $8.83
The aluminum major says that it will enlarge a facility in Tennessee, boosting its capacity to make aluminum sheet for the automotive industry. Alcoa will shell out $275 million on the factory during the next three years in support of automotive producers’ plans to employ increasing amounts of aluminum sheet to increase safety, fuel efficiency, durability and performance of cars and light trucks. The company expects that the expansion will add 200 full-time jobs and 400 temporary jobs, created during the construction phase of the expansion, which is set to begin in May, with completion expected by mid-2015.
American Express Co. (NYSE:AXP): Current price $70.21
American Express reports that Chief Financial Officer Daniel T. Henry is retiring later in 2013. Henry will remain in the position while the firm conducts a search for his successor, which might require a couple of months, according to a statement. Chief Executive Kenneth Chenault commented that “We decided that now was the right time to begin the transition. We have agreed on a timetable and arrangement that will ensure a smooth transition, giving us the flexibility to search for a new chief financial officer while continuing to benefit from Dan’s leadership.”
Microsoft Corporation (NASDAQ:MSFT): Current price $33.08
The company says that a preview version named Windows Blue will be introduced at the Microsoft BUILD conference in San Francisco in June. The announcement was from Microsoft’s Julie Larson-Green, at the Wired Business Conference in New York.
Investing Insights: Is Cliffs Natural Resources Undervalued?