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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject10/21/2002 5:07:50 PM
From: stomper   of 436258
 
Alcoa Pension Liability to Increase by $700 Mln to $1 Billion
By James Gunsalus

Pittsburgh, Oct. 21 (Bloomberg) -- Alcoa Inc., the world's largest aluminum maker, expects an increase in pension liability of $700 million to $1 billion, the company said on its Web site.

''Assumption changes for major plans are expected to impact after-tax earnings'' by about $50 million a year. There is no ''material'' change in funding expected in 2003, the company said.

(Alcoa's quarterly analyst meeting will be today at 4 p.m. New York time. It will be Webcast at alcoa.com)
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