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The potential purchaser of the idled Port Hawkesbury paper mill in Canada has almost worked out an electricity deal and has contacted the union to start labor negotiations, the bankruptcy monitor revealed today.
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Senate Finance Committee Chairman Max Baucus is trying to close the Son of Black Liquor tax loophole that has already provided U.S. paper makers with a windfall of more than $1 billion.
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A major print-related company is likely to go bankrupt this year, according to the vast majority of voters in a Dead Tree Edition poll that ended tonight. The voters just can't agree on which company it will be.
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Today’s public relations tip: If you’re trying to clarify your company’s financial status, make sure your pronouncements are clear and that you don’t make people wade through a 443-word sentence that only a lawyer could love, or understand.
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Leading the early voting for most likely to succumb is Verso Paper: "Numerous reports indicate that Verso will have a very difficult time staying out of bankruptcy during the next couple of years."
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“I believe that most [paper] industry forecasts underestimate the impact of digital media on graphic paper demand, not wanting to appear too negative to their clients. We have developed an outlook for our clients that is quite negative,” paper industry analyst Roman Hohol says.
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A favorable ruling from a Congressional committee will add millions more dollars to what U.S. pulp and paper companies gained from the infamous black liquor tax credits.
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Articles about NewPage's downward spiral to bankruptcy protection were the most popular paper-related items at Dead Tree Edition last year.
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The Small Fortune Award for 2011 goes to investors in paper companies, who once again demonstrated the old adage that the best way to make a small fortune in the paper industry is to start with a large fortune. Even the Chinese struggled despite their huge new machines.
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There’s a simple way for North American mills to prevent the prices of coated paper from collapsing next year, the “Paper Guru” pointed out recently. Simple, but it won't work.
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North American prices for coated paper will decline and more paper machines will be idled next year, according to a leading industry analyst. Even supercalendered paper, currently in short supply, could see declining prices by the middle of 2012, said Reel Time Report editor Verle Sutton.
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Dead Tree Edition shows examples of anti-paper greenwashing at highway rest stops and reveals part of its plan to rejuvenate the paper industry.
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Here’s a factoid that defies the conventional wisdom about printed magazines being passé and the U.S. newsstand system having one foot in the grave: Sales of bookazines are up nearly 20% this year, according to industry consortium MagNet.
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After considering hundreds of possible monikers, newsprint giant AbitibiBowater has chosen the name of a ship that was trapped in the Canadian Arctic, abandoned, rescued by Americans, and broken up by the British.
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Here's a look at the scorecard two weeks after the big U.S. paper company went Chapter 11.
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NewPage announced today it has filed for Chapter 11 bankruptcy protection, will keep its U.S. mills operating, and is seeking a buyer for its Canadian mill.
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This is not a joke: NewPage, the shrinking paper-making giant that is teetering on the brink of bankruptcy court, was named yesterday to the Inc. 5000 list of the USA’s fastest-growing private companies.
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Google launched its Google Catalogs app this week with a shiny coat of greenwash, claiming it's green simply because it's paperless.
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North America's largest manufacturer of coated paper acknowledged today that it may be forced to seek Chapter 11 bankruptcy reorganization because of its crushing debt load.
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Two giants of the ink-on-paper business, NewPage and Quad/Graphics, were beaten up by financial markets on Wednesday.
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