Alcoa Slashes Capacity to Save Money

Tamara Rutter, The Motley Fool
Updated

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Alcoa (NYS: AA) plans to cut its smelting capacity by 12% and permanently close some facilities.

  • Boeing (NYS: BA) fell behind rival Airbus in last year's jet sales. However, new commitments for Boeing's updated 737 MAX should lift the company to new heights in 2012.

  • Barnes & Noble (NYS: BKS) is considering a spinoff of its Nook e-reader business. The struggling company hopes the move will help boost the Nook's 13% market share among e-readers, which badly lags Amazon's (NAS: AMZN) 67% share.

So there you have it -- the top financial stories of the day. If you're interested in getting all the news and commentary on these stocks, sign up for My Watchlist -- it's free!

At the time thisarticle was published Fool contributor Tamara Rutter does not own shares of any companies mentioned in this column. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Amazon.com. Motley Fool newsletter services have recommended buying shares of Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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