Boston, MA 02/10/2014 (wallstreetpr) – Alcoa Inc (NYSE:AA) has entered into a joint aluminum-air batter development with Israeli startup Phinergy. The agreement was announced in Atlanta at the Advanced Automotive Battery Conference. The deal will help in the commercialization of aluminum-air battery manufactured by Phinergy. The partnership will focus on such aspects of commercialization as processes, components and materials. Alcoa has been reaching out to strategic partners to help boost its aluminum production business and thus this agreement with Phinergy signals that the company is up to a good start this year. The kind of batter that Phinergy will be making in collaboration with Alcoa Inc (NYSE:AA) is more powerful than the well known lithium-ion cells and could offer electric car drivers greater mileage– up to 1,000 miles range.
American Airlines Group Inc (NASDAQ:AAL) is planning to add extra legroom to their planes, which essentially means fewer seats in the economy cabin. And this privilege will require that passengers pay more. The company could charge $16 – $159 extra for passengers seeking more legroom in the economy cabin. By this move, the combined airline company will be adopting the practice of one of its constituent airlines – Americans. Yet the move will be a much needed improvement and experience for passengers that have been using US Airways. Moreover, making such adjustments is indicative of the fact that these have started moving in the direction that was envisioned at the time of combining the companies to create American Airlines Group Inc (NASDAQ:AAL) in December.
Morgan Stanley (NYSE:MS) almost doubled S&P 500 Index in performance during fiscal 2013 whereby the bank gained 64 percent against the Index’s 30 percent. MS also exceeded its closest challenger Goldman Sachs Group Inc (NYSE:GS) which attained a gain of 39 percent in its stock. Looking at the latest development in MS, it is all but clear that the bank wants even more of not better results in the current fiscal year. The bank announced additions to its operating committee, its highest level group of managers that work in tandem with the CEO to set strategies. The Morgan Stanley (NYSE:MS)’s operating committee members now numbers 16.
