Several breaking news stories will affect stock prices as trading continues today.
The following companies should see some movement: Aloca Inc. (NYSE:AA), Rite Aid (NYSE:RAD), Dow Chemical (NYSE:DOW).
Here is a more detailed look at the news that will affect each company when trading continues.
Aloca Inc. (NYSE:AA)
Alcoa Inc. (NYSE:AA) has said it will expand certain production capacities in its Juruti Amazon mine early next year.
The mine, located in the Para state of Brazil, is expecting 3.3 million metric tons a year. It commenced production in June 2009 with a capacity of 2.6 million tons a year of bauxite in an investment of approximately $1 billion.
Clodoaldo Castro, geological technician at Juruti, said that “continuous studies are going on to expand the capacity up to 6 million tons a year. Alcoa Inc. (NYSE:AA) at Juruti is currently operating with two production lines.”
Rite Aid (NYSE:RAD)
It has been reported that a man charged accused in connection with a bomb threat called in to the Rite Aid (NYSE:RAD) Pharmacy at Rehoboth Mall.
Michael Lister, 26-year-old, was arrested on Wednesday by the Delaware State Police for making a bomb threat against a Rehoboth pharmacy and robbing a Dover hotel. Police said that Lister was developed as a suspect in the bomb threat during the investigation of the robbery of the Best Western hotel in Dover on Oct. 21.
Robbery, conspiracy, theft, attempted robbery and two counts of terroristic threatening are the charges against Lister.
Dow Chemical (NYSE:DOW)
Dow Chemical (NYSE:DOW) has concocted a new research program with Australia’s University of Queensland for sustainable chemical sourcing.
The Memorandum of understanding (MoU) signed between the Australian Institute for Bioengineering Nanotechnology (AIBN) of Queensland University and Dow Chemical (NYSE:DOW) has outlined the framework to start research with potential commercial value.
The contract, worth AUD$1.74 million has been signed for a period of three years and it allows AIBN to conduct research on sustainable sources for chemicals and improved energy storage systems.
Andrew Liveris, Chairman and CEO of Dow (NYSE:DOW) said, “Collaboration with world-class research institutes such as the AIBN extends our innovation potential while providing access to top R&D talent. Their focus is on finding solutions to real-world problems.”
We may see more movement when trading continues for Aloca Inc. (NYSE:AA), Rite Aid (NYSE:RAD) and Dow Chemical (NYSE:DOW).