Spend Matters Friday Latte

Alcoa, Airbus Reach $1 Billion Deal -- Alcoa Inc. has been awarded a new multiyear supply agreement with aerospace firm Airbus for aluminum sheet and plate products, a deal worth around $1 billion over its life, the U.S. producer said Friday. The agreement, which will require the use of Alcoa's current and advanced-generation aluminum alloys, was reached this week at the Paris Air Show by executives of both companies. Terms weren't disclosed.

A book store's gotta sell books, right?
Come Meet the Author, but Open Your Wallet -- Independent bookstores, squeezed by competition from Internet retailers like Amazon, have long done something their online brethren cannot emulate: author events. And now many bookstores say they have no choice but to capitalize on this grand tradition. They are charging admission.

Ugh. Give it up, Winkelvi.
Winklevoss twins push another suit against Facebook -- Olympic rowing twins Cameron and Tyler Winklevoss are pushing ahead with another suit against Facebook, a day after they decided not to appeal a U.S. Supreme Court ruling upholding their $65 million settlement with Facebook and its founder Mark Zuckerberg.

Office Max-pot?
Office Depot, OfficeMax to Merge? -- Bloomberg reports that Office Depot (ODP), the second-largest U.S. office-supply chain, could merge with OfficeMax Incorporated (OMX). Intense competition among the office supply retailers coupled with a high unemployment rate may result in industry consolidation.
As per the data provided by Bloomberg, Office Depot's market value has dropped 90% to $1.16 billion in the last five years, while OfficeMax has a value of $664 million after tumbling 78%.

In rowing news, I'm playing boat crew for a friend who is rowing from Racine, WI to Milwaukee this weekend as training for her Summer 2012 trip around the entire perimeter of Lake Michigan to raise awareness for breast cancer. Wish us good weather, low waves, and no seasickness...! Have a good weekend, all.

- Sheena Moore

Share on Procurious

Discuss this:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.