Alcoa's share price which was at a 52week high of 44

Governor urged to use part of President-Elect Obamas stimulus package topromote clean and green technologies in inland Southern California.CORONA, Calif.(Business Wire)The Green Valley Initiative supports California Gov. Arnold Schwarzeneggersrequest for $11.8 billion in clean- and green-tech funding from President-ElectBarack Obamas proposed economic stimulus plan, representatives announcedMonday.As proposed, the money received would be spent promoting clean and greentechnologies in California, industries now being advanced in inland SouthernCalifornia through the Green Valley Initiative, a regional economic developmentstrategy being implemented in Riverside and San Bernardino counties.The Green Valley Initiative (GVI) has urged the governor to allocate anunspecified portion of funds received from the stimulus package to thetwo-county area, a region called the Inland Empire."The green economic stimulus that you request for California can be usedeffectively for green business development, green transportation, and placingsolar on rooftops of warehouses and distribution centers identified by thebusinesses engaged in the Green Valley Initiative," GVI Chairman Ali Sahabiwrote in a letter last week to the governor. "Each of these uses is included ina Comprehensive Economic Development Strategy report prepared by the GreenValley Initiative and recently approved, qualifying the region for fundingthrough the U.S. Department of Commerces Economic Development Administration."(A copy of the letter is viewable online at )GVI has helped to facilitate communication between Inland Empire cities and theregional representative of the Economic Development Administration to get bothsides engaged in establishing clean and green projects within the region.The Green Valley Initiative is an unprecedented regional and collaborative planto promote green technologies, renewable energy, alternative transportation andsustainable lifestyles to the Inland Empire. Launched in 2007 as a project ofthe Green Institute for Village Empowerment, (GIVE), the Green Valley Initiativebegan with 100 stakeholders from the region, and now boasts the involvement ofmore than 500 people representing government, education, business,transportation, utilities, environmental groups and the community-at-large. Theeffort has been formally endorsed by both counties, most of the Inland Empires51 area cities, many government agencies and community groups.GIVE is a nonprofit organization established in 2006 to promote balance in theway people live, how their choices impact the environment and others in theircommunity.

For more information visit Green Valley Initiative () is an unprecedentedregional and collaborative plan to promote clean and green technologies ininland Southern California. Launched in 2007 as a project of the Green Institutefor Village Empowerment, (GIVE), the Green Valley Initiative began with 100stakeholders from the region, and now boasts the involvement of more than 500people representing government, education, business, transportation, utilities,environmental groups and the community-at-large.Green Valley InitiativeAli Sahabi, chairman, 951-667-6200orDeniene Husted, media coordinator, Copyright Business Wire 2009. Loss bigger than Wall Street expected Stocks Revenue drops on 35 pct fall in aluminum prices Stock flat in after hours trading (Adds analyst, CEO quotes, stock flat) NEW YORK, Jan 12 (Reuters) - Aluminum producer Alcoa Inc(AA.N), which is slashing 15,000 jobs, reported a fourth-quarter loss on Monday, as the global economic crisis sentrevenue plummeting on lower demand and declining metal prices. Alcoa said the loss was a result of "an historic decline inmetal prices," weak end markets and almost $1 billion inrestructuring, impairment and other special charges to curtailproduction, reduce costs and streamline its portfolio. The strike at Boeing Co (BA.N), whichuses aluminum for aircraft manufacture, had a negative $10million impact on sequential results, Alcoa said. "Considering they came in lower than even the lowestestimate, I can't see that that paints a good picture goingforward," said Jonathan Pavlik, portfolio manager at StewartCapital Advisors LLC in Indiana, Pennsylvania.

It has fallen some 50 percent sincepeaking at $3,380 per tonne last July and during the fourthquarter, aluminum MAL3 dropped from $2,415 on Oct 1 and wasaround $1,520 on Monday. The 9 cent loss estimate compares with a loss of 28cents excluding the 88 cents for restructuring, impairment andspecial charges. President and Chief Executive Officer Klaus Kleinfeld saidAlcoa had to take "wide-ranging measures to address theeconomic downturn." Alcoa's share price, which was at a 52-week high of $44.76last May, has plummeted since demand for aluminum fell in theglobal economic downturn. The shares hit a low of $6.82 on Nov.20, but have since rallied. On Monday, they closed down 6.94percent at $10.06 on the New York Stock Exchange and werelittle changed in late trading.