Alcoa misses the mark on profits

Alcoa, the largest U.S. aluminum producer, reported fourth-quarter profit that missed analysts’ estimates amid a glut of product for the aerospace industry. Its net loss was $2.34 billion.

New York-based Alcoa and a joint venture it controls also agreed to pay $384 million to resolve charges of bribing officials of a Bahraini state-controlled aluminum smelter, marking one of the largest U.S. anti-corruption settlements of its kind.