STOCKS NEWS US-Alcoa results continue to weigh on aluminum group

Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US]

U.S. stock market report [.N]
1436 ET 13Jan2009-Alcoa results continue to weigh on aluminum group
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Shares of aluminum companies fell on Tuesday, in a continuing fallout that
came after industry heavy Alcoa Inc (AA.N) reported a fourth-quarter loss that
was wider than expected. Revenue also tumbled 35 percent at the Dow component
as the economy pressured demand. [ID: nN12355902]

After the results, a number of analysts cut their views on the stock, with
Credit Suisse cutting its price target by $15 from $20 and BMO downgrading the
stock to underperform. [ID:nBNG215416]

The stock slid 6.9 percent to $9.37 while the Dow Jones U.S. Aluminum Index
.DJUSAL was down 6.3 percent to 78.13. Century Aluminum (CENX.O) fell 4.7
percent to $8.97.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1430 ET 13Jan2009-Exporters drop after Chinese imports fall 21.3 pct
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Shares of exporters Boeing (BA.N), United Tech (UTX.N) and General Electric
(GE.N) tumbled on Tuesday after Chinese imports fell a steeper-than-expected
21.3 percent from a year earlier reflecting falling domestic demand.

Boeing was also downgraded by Credit Suisse, which cited execution problems
with its 787 Dreamliner program and weakening trends in commercial aerospace
fundamentals. [ID:nBNG55391]

General Electric tumbled more than 6 percent to $14.86, while Boeing fell
3.9 percent to $42.06 and United Tech shed 3.2 percent to $50.68.

For details, see [ID:nSP418906]

Reuters Messaging: deepa.seetharaman.reuters.com@reuters.net
1420 ET 13Jan2009-Crude oil below $37, erasing earlier gains
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February crude futures fell on Tuesday, erasing earlier gains as the fear
that the recession would weigh on demand overshadowed cold weather in the U.S.
and Saudi Arabia's comments that it had made deep production cuts.

The contract slid 1.7 percent to $36.93 a barrel in volatile trade.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1417 ET 13Jan2009-Suntech cuts capacity expansion plan, group down
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Shares of solar power companies fell on Tuesday after Suntech Power (STP.N)
said it was suspending a plan to expand its capacity by 40 percent in 2009
because of weak capacity. It also said that it cut 10 percent of its work force
last quarter. [ID:nPEK134431]

The stock fell 2.3 percent to $10.71. Among its peers, Yingli Green Energy
(YGE.N) fell 4.2 percent to $6.15, Trina Solar (TSL.N) was down 2.8 percent to
$8.80 and Solarfun Power Holdings (SOLF.O) slid 2.5 percent to $5.18.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net