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...The first, Arconic, is the US multinational that supplied the cladding from its arm in France....
...New York-listed Arconic, which produced the cladding that has been identified as the main cause of the fire’s spread, posted revenues of $14.2bn last year....
...Arconic, which supplies fasteners, airfoils and other parts, said on Tuesday it could face an earnings hit of 2 cents to 4 cents per share, or $9m-$18m, if Boeing continued its production slowdown until...
...(NYT) Japan Inc overpays? No way A punchy defence of Japan’s flashy overseas spending spree from Goldman Sachs’ Yoshihiko Yano....
...Arconic, when contacted on Monday, declined to comment. As a core input of its parts business, Arconic’s results are sensitive to large increases or decreases in the price of aluminium....
...Arconic shares slumped after the company announced it would no longer supply high-rise buildings with flammable cladding....
...For a time, several transactions hung in the balance, including the planned $15bn takeover of US manufacturer Arconic by Apollo. That deal ultimately collapsed for unrelated reasons....
...Arconic chief executive Chip Blankenship, who joined the company from General Electric last year, said that aluminium prices weren’t the only issue affecting Arconic, and that he hoped strategic changes...
...Earlier this year, Blackstone purchased a majority stake in the financial terminal business of Thomson Reuters for more than $17bn, while Apollo is in the lead to purchase aluminium products group Arconic...
...Esra Ozer, chief communications officer at Arconic, which houses the downstream assets of the old Alcoa, told an FT Future of Manufacturing summit in Chicago in May that manufacturing jobs are still regarded...
...Discussions to take the $14.5bn company private come amid a wave of leveraged buyouts, with multibillion-dollar auctions under way for Arconic, the aluminium products company, and Johnson Controls International...
...feedback as latest shutdown looms (BBG) Delivery start-up DoorDash reaches for over $6bn valuation in new funding (WSJ) Mike Ashley ditches Patisserie Valerie bid after just 2 days (FT) Metals group Arconic...
...On the flip side, Victoria’s Secret owner L Brands is the S&P 500’s biggest faller so far this year, down 38 per cent, followed by Arconic, down 36 per cent; Dentsply Sirona, down 33 per cent; Unum Group...
...and smelting operations of the former company that bears the same name, with the downstream assets of the business, which including making parts for the aerospace and auto industries, being spun off into Arconic...
...down its Manhattan headquarters and several other regional offices after the company split in two: the aluminium operations retained the name Alcoa while the car and aircraft parts business took the name Arconic...
...Alcoa, which split from Arconic in 2016, said “considerable uncertainty remains in the global supply chain due to multiple trade actions, sanctions, and supply disruptions”....
...Arconic shares are up more than 45 per cent so far this year....
...Sony Pictures Entertainment has hired Time Inc M&A veteran Erik Moreno as its executive vice-president of corporate development and M&A....
...Shares in Arconic, which makes aerospace components, fell 6.1 per cent. Boeing and Caterpillar declined to comment on Mr Trump’s plans. Business groups, however, were outspoken in their criticism....
...It had also re-shaped much of the Arconic board including jettisoning the likes of Martin Sorrell and Ratan Tata....
...Klaus-Christian Kleinfeld, former chairman and chief executive officer of Arconic and Alcoa, signed a contract with the Saudi crown prince on Tuesday to become CEO of the Neom project....
...These included a four-month campaign against Arconic, the engineering business, by Elliott Management; a fight between General Motors and David Einhorn, the activist hedge fund manager, and the most expensive...
...“The board is deeply grateful to Klaus Kleinfeld for his dedication and service as Chair and CEO of Arconic, and previously of Alcoa Inc., and appreciates his assistance with this transition,” Ms Russo,...
...Ms Russo said the board was “deeply grateful to Klaus Kleinfeld for his dedication and service as Chair and CEO of Arconic, and previously of Alcoa Inc, and appreciates his assistance with this transition...
...Still, there may be an innocent explanation for Arconic’s voting agreement which would add another plot twist. In the context of who should run Arconic it may simply be a sideshow....
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