Thursday, January 27, 2011

Environmental Group Impugns Alcoa Inc. (NYSE:AA)

Alcoa Inc. (NYSE:AA) has been sued by a North Carolina environmental group. Environmental Group Impugns Alcoa Inc. (NYSE:AA) The environmental group informed Alcoa Inc. (NYSE:AA) that excessive discharges of cyanide and PCBs into the North Carolina lake by the company has provoked them for such a move. Environmental groups are required by law to give companies 60 days notice prior to filing lawsuits for violations of the federal Clean Water Act. The company spokesman Mike Belwood said that "The Company has rarely exceeded its state permit allowing limited discharges of industrial chemicals." Aloca Inc. (NYSE:AA) company shares are currently standing at 16.24. Price History Last Price: 16.24 52 Week Low / High: 9.81 / 16.72 50 Day Moving Average: 14.73 6 Month Price Change %: 46.3% 12 Month Price Change %: 22.6%
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