All Posts Tagged With: "Merill Lynch CEO"

Commodities Trading: Aluminum’s Alcoa bribes (maybe) and buys

Despite record-breaking commodities prices, aluminum giant Alcoa (AA: NYSE) is not having the best of times right now.

The U.S. Justice Department just asked a judge in Pittsburgh to hold off on a lawsuit against the company.

The government of Bahrain is suing Alcoa for what it says was a 15-year pattern of bribing government officials and overcharging to Aluminum Bahrain BSC, a long-time Alcoa customer.

But don’t get too excited. The DOJ is asking the civil court to take a break while it investigates a possible criminal case against Alcoa. Ouch.

The news hasn’t had too bad an effect on the company’s stock, but…

24Mar2008 | Stephanie Grimmett | Comments Off | Continued

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