Alcoa Inc. Plans to Trim 147,000 Metric Tons of Aluminum Smelting Capacity in Brazil; General Motors Recalls an Additional 1.3 Million Cars

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04/01/2014 [ACCESSWIRE]

Alcoa Inc. (NYSE: AA) – For an in-depth report on Alcoa Inc. follow:

AA shares closed up 3.13% on Monday with nearly 40 million shares traded. The stock was one of the most active stocks on the NYSE and hit a new yearly high of $12.97 during intra-day trading. The move came after the company announced its plan to trim 147,000 metric tons of aluminum smelting capacity in Brazil.

MannKind Corp. (NASDAQ: MNKD) - For an in-depth report on MannKind Corp. follow:

Shares of MannKind closed down 16.77% on about 30.3 million shares traded. The stock was one of the biggest decliners on the NASDAQ. Investors are concerned that the company’s inhaled-insulin drug Afrezza will be rejected by the FDA. The FDA staff raised some questions about the diabetes device.

General Motors Company (NYSE: GM) - For an in-depth report on General Motors Company follow:

Shares of General Motors had a modest decline on Monday despite announcing that the company will recall an additional 1.3 million vehicles in the U.S. that may experience a sudden power steering loss. CEO Mary Barra is set to testify before Congress about how the company handled a different recall of 2.2 million vehicles in the U.S. for an ignition switch problem which has been tied to 13 deaths.  

Red Giant Entertainment, Inc. (OTC: REDG) – For an in-depth report on Red Giant Entertainment, Inc. follow:

Shares of REDG closed up 48.31% on Monday with about 230 million shares traded. The stock was one of the biggest gainers in the OTC market. This past Friday the company issued a spring report on its current progress on their activities within the first quarter of 2014.


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