Industries

Alcoa reports first quarter loss

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The news wasn’t good for the first blue-chip company to report first quarter earnings. Alcoa, which has operations in Henrico County, reported a 27 percent drop in revenue, resulting in a net loss of $497 million for the first quarter of 2009. The Pittsburgh-based maker of light-weight metals blamed the decline on the economic downturn and a historic drop in aluminum prices. Alcoa makes products for several markets including, automotive, aerospace and transportation. For more information, go to http://www.alcoa.com


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