Orlando, FL -- (SBWIRE) -- 09/09/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Alcoa Inc (NYSE:AA), AK Steel Holding Corporation(NYSE:AKS).
Alcoa Inc (NYSE:AA) shares gained 0.64% to $7.92. The company on August 26 announced promotions that will extend Alcoa's leadership in the area of environment, health and safety, and enhance the company's business development and asset management capabilities worldwide.
Mike Barriere, Vice President, Human Resources, was promoted to Executive Vice President, Human Resources and Environment, Health and Safety (EHS). He will have oversight of the newly combined Human Resources and EHS group.
Kevin McKnight, Director, EHS & Sustainability, will become Chief Sustainability Officer and Vice President of EHS, reporting to Barriere effective Sept. 1, 2013. McKnight succeeds Kevin Anton who plans to retire at year-end after more than 30 years in the metals and mining industry, including 15 with Alcoa.
Additionally, the company will begin trading ex-dividend on August 07, 2013. A cash dividend payment of $0.03 per share is scheduled to be paid on August 26, 2013. Shareholders who purchased AA stock prior to the ex-dividend date are eligible for the cash dividend payment.
Are investors worried about the recent updates with AA? Find out with a free trend analysis HERE
AK Steel Holding Corporation(NYSE:AKS) shares gained 1.76% to $3.46. AK Steel Holding Corporation (NYSE: AKS) announced on August 29 that its subsidiary, AK Steel Corporation ("AK Steel"), has completed its offer to exchange up to $380.0 million in aggregate principal amount of its 8.750% senior secured notes due 2018, not registered under the Securities Act of 1933, as amended, for an equal aggregate principal amount of its registered 8.750% senior secured notes due 2018.
Cliffs Natural Resources Inc. on August 27 announced that it has entered into a new Agreement with AK Steel to supply iron ore pellets from 2014 through 2023. The new Agreement includes minimum and maximum volume iron ore pellet purchases from Cliffs, as outlined in the Agreement.
Additionally, the company on on August 21 said that it has reached an agreement to settle an action brought on behalf of the U.S. Environmental Protection Agency and Commonwealth of Kentucky under the Clean Air Act and other statutes and regulations with respect to AK Steel's former Ashland, Kentucky coke plant. The agreement was reached without admission of the alleged violations by AK Steel.
Is AKS going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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