Free Pulp & Paper News Email. Subscribe Now!
1
(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.
1
(Finland) Standard & Poor's has today downgraded M-real Corporation's B- rating to CCC+. The outlook of the rating remains negative.
1
(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.
1
(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...
3
(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...
1
(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...
1
(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...
1
(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...
1
(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...
1
(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...
1
(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.
1
(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...
2
(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...
1
(USA) Smurfit-Stone Container has announced that it expects its fourth quarter earnings excluding unusual items will be significantly lower compared to third quarter 2008 results...
1
(USA) Wausau Paper Corp. cut its fourth-quarter guidance, citing weakening economic conditions and lower customer orders for two of its business units. The paper manufacturer said late Wednesday it anticipates fourth-quarter results to roughly break even.
1
(Australia) Paper maker PaperlinX says a delay in asset sales has caused a breach in a loan agreement and affected earnings. European asset sales planned for completion by December 31, 2008, now are expected to complete early in the new year, Paperlinx told the Australian stock exchange.
1
(USA) Wausau Paper has announced revised fourth-quarter earnings guidance, reflecting weakening economic conditions and reduced customer order activity at both its Specialty Products and Printing & Writing business units...
1
(USA) The Board of Directors of Albany International has declared a quarterly dividend of $0.12 per share on the Class A and Class B Common Stock, payable on January 8, 2009, to shareholders of record on January 2, 2009...
1
(Finland) Finnish forestry company M-real Oyj said on Wednesday its underlying fourth quarter and 2008 operating results would undershoot its expectations as the weakening economy has cut demand...
1
(USA) Fitch Ratings has taken various rating actions on Potlatch Corporation's (PCH) Issuer Default Rating (IDR) and debt ratings...
PaperIndex Times is Powered by