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(Finland) Details of the impairment charge and other non-recurring items, including the allocation between the Business Areas, will be announced in the connection with the fourth quarter and full year 2008 results on 5 February 2009. read more »
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(USA) International Paper will host an Investor Day on Feb. 18 from 8 a.m. to 11 a.m. EST in New York City to discuss the company's global strategy and long-term goals particularly as they relate to the company's Industrial Packaging... read more »
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(USA) Shares of Smurfit-Stone Container Corp., the largest producer of cardboard box materials in North America, plummeted 80 percent Thursday, January 15 on reports it hired bankruptcy lawyers. read more »
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(Finland) Standard & Poor's has today downgraded M-real Corporation's B- rating to CCC+. The outlook of the rating remains negative. read more »
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(USA) Smurfit-Stone Container., a manufacturer of paperboard and paper-based packaging products, has told its lenders it could file for bankruptcy amid weakening sales and a cash crunch, the Wall Street Journal reported quoting people familiar with the matter. read more »
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(Finland) UPM's associated company Oy Metsä-Botnia Ab has today announced the permanent closure of the Kaskinen pulp mill during the first quarter of 2009. The special charges resulting from the closure will reduce UPM's associated company results by approximately EUR 27 million... read more »
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(USA) Forestweb, the leading independent provider of intelligence for the forest products industry, today launched its new iiStock Index of U. S. Forest Products, a real-time index that tracks the financial pulse of the 27 largest stocks in the forest products market sector... read more »
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(USA) Bank of America Business Capital, one of the world’s largest asset-based lenders, announced today (05 Jan 2009) that it provided a $65 million senior secured credit facility to Midland Paper Company. The asset-based loan was used to refinance existing debt... read more »
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(USA) Xerium Technologies has today announced that on December 29, 2008, it received notification from the New York Stock Exchange (NYSE) that it was not in compliance with two NYSE standards for continued listing of the Company's common stock on the exchange... read more »
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(India) Standard & Poor's Ratings Services has revised its rating outlook on Ballarpur Industries to negative from stable while affirming its 'BB-' long-term corporate credit rating... read more »
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(China) Zhejiang Jingxing Paper Joint Stock Co., Ltd. forecasts that it will incur a net loss of CNY 205-230 million in the full year 2008, slumping 350%-380% from last year... read more »
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(USA) Champion Industries has announced net income of $6,022,000 for the year ended October 31, 2008 compared with net income of $6,080,000 for the year ended October 31, 2007... read more »
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(USA) AbitibiBowater shares more than doubled Monday as the U.S. State Department voiced concern over a Canadian expropriation of company assets and the newsprint maker announced an asset sale and reaffirmed a stronger fourth quarter. read more »
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(USA) The board of directors of Weyerhaeuser declared a dividend of 25 cents per share on the common stock of the corporation payable March 2, 2009 to shareholders of record at the close of business Jan. 30, 2009... read more »
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(Canada) SFK Pulp Fund has announced that it has declared a cash distribution of $0.01 per unit, payable on January 15, 2009 to unitholders of record at the close of business on December 31, 2008... read more »
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