Alcoa returns to profit
Alcoa turns it around. The company, with a big smelter in Warrick County says fourth-quarter revenue rose 4 percent compared to the same time a year ago. Earnings surged on higher sales of aluminum products, as manufacturing increased for automakers and those turning out consumer products. Alcoa reported net income of $258 million, or 24 cents a share, for the quarter. That compares with a net loss of $277 million during the same quarter last year. This is the third consecutive quarterly profit for Alcoa, and an indication of improving business conditions.