Fortune takes an interesting look at Alcoa Inc.’s battle with North Carolina to keep control of four hydroelectric dams on the Yadkin River.
Fortune reports that the aluminum giant has “turned on the charm offensive with state and local officials.”
Never thought I would see Alcoa called charming.
Read the complete story here: Alcoa’s new tactic in dam dispute: Charm
Klaus Kleinfeld, chairman and CEO of aluminum giant Alcoa Inc., which has a major manufacturing operation in Blount County, was on CNBC today touting the company’s $7.5B deal with China Power Investment Corp.
Check out Klaus here.
The memorandum of understanding calls for joint efforts both inside and outside china, including development o “clean energy projects such as wind and solar and state-of-the-art aluminum smelting operations. Both parties will also work toward developing high-end aluminum industrial parks,” according to an Alcoa press release.
A new investigation by the public interest website ProPublica and PBS Frontline uncovers how “a corporate culture of neglect and carelessness” at BP lead to the biggest oil spill in U.S. history.
The company was determined to let nothing interfere with “corporate efficiency, lean budgets and shareholder profits,” according to the report.
Read the full ProPublica story here.
PBS will broadcast its story, “The Spill” tonight
Photo: A baby pelican impacted by oil from the Deepwater Horizon oil spill is seen at the Fort Jackson Wildlife Rehabilitation Center in Buras, La., Thursday, July 8, 2010. (AP Photo/Gerald Herbert):
Early in 2009 aluminum maker Alcoa Inc. cut 13,500 jobs worldwide as it struggled to right-size operations as metals demand declined and the world economy floundered. Some 450 jobs were cut at its Blount County plant.
Tough times continued this year. In January, the company said 2010 was going to be another down year and it cut more jobs, including 90 in Blount County where it shut down a smelter.
Now it’s all smiles at the Pittsburgh headquarters, or so it seems. Will the Blount plant benefit?