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Alcoa names 3 new directors to board in deal with Elliott

Alcoa named three new board members in a deal with a major stakeholder as the company prepares to split in two. In exchange, activist investor Elliott Management, which owns about 7.5 percent of Alcoa's stock, will support the aluminum maker's choice of directors who are up for election this year during May's annual shareholder's meeting.
Source: The Associated Press | By: By The Associated Press
UPDATE 1-Alcoa to appoint three new members to board

Ulrich Schmidt, John Plant and Sean Mahoney will add valuable aerospace and automotive experience to the board, Alcoa said on Monday. Schmidt is the former chief financial officer of aircraft parts maker Spirit Aerosystems Holdings Inc, while Plant is the former chief executive of TRW Automotive. Mahoney currently serves on the boards of Delphi Automotive...
Source: Reuters
Obama tours auto show, pledges help for Flint's water crisis

DETROIT— President Barack Obama hailed the revival of the nation's auto industry on Wednesday while acknowledging the water crisis in nearby Flint, Michigan, saying the detection of high levels of lead serve as a reminder that the government can't shortchange basic services. "What's true of Detroit is true of the country," he said. " Obama spoke at the UAW-GM Center...
Source: The Associated Press | By: By KEVIN FREKING, Associated Press