Business Wire disrupted by power outage, Alcoa statement delayed
Business Wire goes down ahead of Alcoa’s earnings statement
April 11, 2016
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A temporary outage hit Business Wire, the press release distribution company owned by Warren Buffett’s Berkshire Hathaway Inc, on Monday, delaying the release of many company statements including Alcoa Inc’s earnings report.
Business Wire was down due to a power outage at a third party co-location facility, Chief Operating Officer Richard Deleo said in an emailed statement.
The outage was not related to a cyber attack, a source familiar with the matter told Reuters.
Business Wire’s feed went down just before the U.S. stock market closed. The last release issued reached Reuters at 3:44 p.m. ET.
Deleo said Business Wire’s service provider was working to resolve the issue.
Alcoa’s Chief Executive Klaus-Christian Kleinfeld told CNBC that the glitch at Business Wire had delayed the release of the metal company’s quarterly earnings report, which marks the unofficial beginning of earnings season.
(Reporting by Sudarshan Varadhan; and Arunima Banerjee in Bengaluru; Editing by Savio D’Souza)