Reuters - Video

Edition: U.S. | U.K. | IN | CN

Top News

Alcoa sales dip, Boeing grounded

Tuesday, January 08, 2013 - 01:59

Jan. 08 - Summary of business headlines: Alcoa revenues fall as aluminum prices drop; Boeing 787 becoming less than a dream; Sears declines after CEO plans exit; Wall Street ends lower. Conway G. Gittens reports.

▲ Hide Transcript

View Transcript

PLEASE NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIAL Stocks fall for the second day in a row with investors waiting to see what shakes out during earnings season. But for a second day in row stocks closed off their lows of the day to finish with modest declines. Alcoa released fourth-quarter results after the close. Profits hit forecasts as cost-cutting offset lower aluminum prices. Revenues were better than expected at $5.9 billion, but down slightly from the same time the year before. Apart from earnings, Boeing is having problems with its newly launched 787 Dreamliner. A Japan Air Lines flight had to return to the gate after a fuel leak. A different J-A-L aircraft had a fire the day before. And according to the Wall Street Journal, a third plane, operated by United Airlines, has wiring problems. Back in December, regulators ordered inspections of all 787s after fuel leaks were found on two aircraft. Shares of Boeing are down 4-1/2 percent in two days. Sears Holdings, parent of Sears and Kmart, out with sales figures that include the holiday shopping season that were not as bad as feared. The company is getting a new CEO though. Chairman Eddie Lampert is taking over day-to-day operations after the current chief steps down to deal with family health issues. But the change at the top is shaking confidence in a turnaround plan - sending that stock tumbling more than 6 percent. Sticking with retail, signs of just how deep the drop-off from the holiday shopping season is for retailers. Chain store sales fell more than 4 percent last week, according to the International Council of Shopping Centers. It's all about gadgets this week. Samsung says its sells 500 handsets a minute. Meanwhile AT&T says it sold a record of more than 10 million smartphones at the end of last year. Smartphones can be costly for service providers - cautious investors pushed shares of AT&T lower. A mixed bag in Europe - but the moves were tiny as investors await clues on the health of corporate sales.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Alcoa sales dip, Boeing grounded

Tuesday, January 08, 2013 - 01:59

Top News »

Editors' Picks »

Business »

Moving Pictures »

Images of December Images of December

Tue, 23 Dec, 2014 - (0:30)

Tsunami - unclaimed possessions Tsunami - unclaimed possessions

Tue, 23 Dec, 2014 - (2:23)

Images of November Images of November

Tue, 02 Dec, 2014 - (0:30)

Images of October Images of October

Mon, 03 Nov, 2014 - (0:57)

The world in a city The world in a city

Fri, 31 Oct, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Oddly Enough »

Red pandas frolic in the snow Red pandas frolic in the snow

Tue, 27 Jan, 2015 - (1:31)

Sheep herded to create Australian flag Sheep herded to create Australian flag

Tue, 27 Jan, 2015 - (0:37)

Thailand beach road becomes bed race track Thailand beach road becomes bed race track

Mon, 26 Jan, 2015 - (0:58)

Rhino born at Copenhagen Zoo Rhino born at Copenhagen Zoo

Mon, 26 Jan, 2015 - (0:46)

Robots dance in mass-games fashion Robots dance in mass-games fashion

Wed, 21 Jan, 2015 - (1:30)

India has most of the world's tigers India has most of the world's tigers

Wed, 21 Jan, 2015 - (1:22)

Cat saves abandoned baby Cat saves abandoned baby

Tue, 20 Jan, 2015 - (1:09)

Sports And Leisure »

Mourinho's "Let's go to Wembley" Mourinho's "Let's go to Wembley"

Wed, 28 Jan, 2015 - (1:16)

Diver Daley trains in Rio Diver Daley trains in Rio

Tue, 27 Jan, 2015 - (0:55)

Drogba on his Chelsea hopes Drogba on his Chelsea hopes

Mon, 26 Jan, 2015 - (0:52)

NBA legend shoots from the hip NBA legend shoots from the hip

Wed, 14 Jan, 2015 - (1:13)

Tennis ace Murray proposes to girlfriend Tennis ace Murray proposes to girlfriend

Thu, 27 Nov, 2014 - (0:41)

Sports Spread: Tinkering Liverpool target Chelsea Sports Spread: Tinkering Liverpool target...

Thu, 06 Nov, 2014 - (11:18)

Flying car prototype takes to the skies Flying car prototype takes to the skies

Wed, 29 Oct, 2014 - (2:18)

Dateline Asia »

Alibaba could set sights on Yahoo Alibaba could set sights on Yahoo

Tue, 27 Jan, 2015 - (1:24)

Fashion designers finding haste makes waste Fashion designers finding haste makes waste

Tue, 27 Jan, 2015 - (2:07)

Be afraid, the Chinese are spending less Be afraid, the Chinese are spending less

Mon, 26 Jan, 2015 - (1:33)

Asia markets shrug at Greek elections Asia markets shrug at Greek elections

Mon, 26 Jan, 2015 - (1:36)

Asia markets toast ECB stimulus Asia markets toast ECB stimulus

Fri, 23 Jan, 2015 - (1:42)

Asia Week Ahead: Markets await Greece vote Asia Week Ahead: Markets await Greece vote

Fri, 23 Jan, 2015 - (1:18)

Netflix to push play in China Netflix to push play in China

Thu, 22 Jan, 2015 - (1:41)

Japan in a tight spot over hostage crisis Japan in a tight spot over hostage crisis

Thu, 22 Jan, 2015 - (1:05)

Behind the pretty face of K-pop Behind the pretty face of K-pop

Thu, 22 Jan, 2015 - (2:09)

Reuters Investigates »

Where the sea is closing in Where the sea is closing in

Thu, 20 Nov, 2014 - (3:41)

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:22)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)