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IN THE NEWS
October
2001
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October 31
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Kaiser issues gloomy outlook Spokesman
Review
Kaiser Aluminum Corp. won't restart
its idled aluminum smelters until next year as poor metal prices and
expensive electricity put profit out of reach.
Kaiser Aluminum slips into loss in third quarter
Kaiser lost $24.7 million, or 31 cents a share, compared with a profit of $2.1 million, or 3 cents a share, in the year-ago period. Wall Street had expected the company to lose between 26 cents and 31 cents a
share
Kaiser ups Gramercy output; sees no 2001 NW restart
Kaiser executives said a restart of its shuttered Mead and Tacoma smelters in Washington state would depend upon an upturn in aluminum prices and cheaper long-term power availability.
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October 25
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Groups want laid-off workers included in bailouts
Tacoma Tribune
While Congress debates bailout packages for one industry or another, Dallas Colton hopes the lawmakers don't forget him, and the thousands of individuals who have lost their jobs since Sept. 11.
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October 18
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Aluminum Outlook Changes Moody's
Moody's also lowered its ratings for
Kaiser Aluminum & Chemical Corporation (Kaiser) and will keep Kaiser's
ratings under review for possible further downgrade.
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October 16
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Kaiser Aluminum reduces 55 pct of NW smelter jobs
Kaiser Aluminum Corp.
(NYSE:KLU) said Tuesday it will lay off more than half of its 212 workers at the Mead and Tacoma, Washington, smelters in December
Kaiser Aluminum Extends Credit Agreement; Revises Release Date for Third-Quarter Results
Kaiser said it has extended its existing $300 million credit agreement to December 15, 2001, from the previous expiration date of November 2, 2001.
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October 13
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Kaiser cutting jobs at Mead, Tacoma
Spokesman Review
Kaiser Corp. hands out pink slips
Tacoma Tribune
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October 12
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Milchovich leaves Kaiser for another firm
Spokesman Review
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October 11
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Kaiser Aluminum Board Re-elects George T. Haymaker, Jr. as Chairman
Milchovich is out.
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October 10
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BPA lets Kaiser keep power profit windfall
Spokesman Review
The deal allows Kaiser to keep $460 million it netted during the past year selling electricity produced from federal dams.
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October 07
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Kaiser hires expert to handle asbestos claims
Spokesman Review
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October 03
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'Sensitive' talks held by BPA, Kaiser over smelter electricity
Tacoma Tribune
There could be a development as early as this week.
Pacific Lumber Names New President
The Pacific Lumber Co. named Robert E. Manne its new president and chief executive Wednesday.
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October 02
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BPA, Kaiser getting closer to power deal
Spokesman Review
Here's the
catch: If Bonneville has to sell the power for less than Kaiser was
scheduled to pay, the company has to make up the difference.
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