IN BRIEF
NEW YORK — Alcoa on Tuesday reported a second-quarter profit of $138 million, reversing a year-ago loss, and the results beat analysts' expectations.
The company reported strong results in its engineered-products business, which makes parts for industrial customers, while looking to cut costs in its aluminum-smelting segment.
Alcoa has struggled in recent years with low aluminum prices and has increased its focus on making sheets and other products for manufacturers of airplanes and autos, who value aluminum for its light weight. Two weeks ago, Alcoa raised its bet on the finished-goods side of the business by announcing the $2.85 billion acquisition of British jet engine component maker Firth Rixson.
DETROIT — Ford is recalling 100,610 vehicles in North America for various safety defects.The company announced the six separate recalls Tuesday. No injuries, accidents or fires related to any of the defects have been reported, Ford said.The largest recall, of 92,022 vehicles, affects the 2013-2014 Ford Taurus, Lincoln MKS and Police Interceptor sedans; 2013-2014 Ford Flex and Lincoln MKT crossovers; 2012-2014 Edge crossover and 2014 Lincoln MKX crossover.