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(USA) Analyst John Nobile of Taglich Brothers maintains his "speculative buy" rating on Orchids Paper Products Company (TIS), while reducing his estimates for the company. The 12-month target price has been reduced from $12.50 to $10.00.
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(USA) Fitch Ratings has affirmed foreign- and local currency Issuer Default Rating (IDR) of Votorantim Participacoes S.A. (VPAR) at 'BBB' and its National Scale rating at 'AAA'. Fitch has also affirmed the rating of VPAR's outstanding offshore financing trusts Voto-Votorantim Overseas...
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(USA) Analyst Mark Wilde of Deutsche Bank Securities downgrades Weyerhaeuser Co (WY) from "buy" to "hold." The target price has been reduced from $95 to $65.
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(India) Geojit Financial Services has maintained ‘Buy’ rating on Tamil Nadu Newsprint & Papers Limited stock to achieve a short-term target of Rs 140...
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(Mexico) Fitch Ratings has affirmed Copamex, S.A. de C.V. (Copamex) senior unsecured foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' and the senior unsecured national scale rating at 'A-(mex)'...
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(India) Tamil Nadu Newsprint and Papers Ltd posted a 31 percent rise in net profit to 1.13 billion rupees for the year ended March 2008 on higher volumes, it said in a statement on Thursday.
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(USA) Standard & Poor's Ratings Services said it assigned its 'BBB' senior unsecured debt rating to International Paper Co's proposed notes and placed the rating on negative watch..
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(USA) International Paper has announced that it has priced $1 billion of 7.40% senior unsecured notes due 2014, $1.7 billion of 7.95% senior unsecured notes due 2018, and $300 million of 8.70% senior unsecured notes due 2038...
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(UK) SCA’s Class B shares have been delisted from the London Stock Exchange (LSE), effective of today after decision from the Financial Services Authority (FSE)...
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(USA) International Paper Co sold $3 billion of debt in three parts on Wednesday, said International Financing Review. The sale included $1 billion in six-year notes priced to yield 4.10 percentage points over U.S. Treasuries and $1.7 billion in 10-year notes yielding 3.95 percentage points...
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(Canada) Moody's Investors Service said it placed Montreal-based paper company Domtar Corp.'s 'Ba3' corporate family rating, 'Ba1' senior secured rating and 'B1' senior unsecured rating under review for possible upgrade.
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(China) Chenming Paper Holdings Limited, the mainland's largest paper manufacturer by revenue ,launches an IPO of HK$4.2 billion in Hong Kong which will be the first to list in three stock markets of Shanghai, Shenzhen and Hong Kong.
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(Finland) Based on a Reuters interview with Ahlstrom CEO Risto Anttonen, there has been speculation on the market on Ahlstrom's outlook for 2008. Ahlstrom stresses that its outlook for 2008 is unchanged.
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Wausau Paper’s investors should be feeling high and dry right about now. On Thursday the manufacturer of paper product maker's stock soared 5.0%, or 44 cents, to $9.22 as investors speculated that the company could sell off its specialty products and print & writing paper divisions...
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(USA) Standard & Poor's Ratings Services has revised its outlook for Montreal-based Domtar Corp. to "positive" from "stable," citing the company's continued debt reduction efforts and successful integration of Weyerhaeuser Co.'s fine paper assets.
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(USA) Standard & Poor's Ratings Services has lowered containerboard and corrugated container maker Temple-Inland Inc.'s outlook to negative from stable due to the ongoing housing slowdown. The ratings agency maintained the company's ratings, including its "BBB-" corporate credit rating.
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(Canada) SFK Pulp Fund said Friday that first-quarter net income dropped to $7.7 million as the Canadian dollar remained strong and waste paper prices moved higher...
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(USA) Even a radical price cut didn't do much to help the initial public offering of stock in paper supplier Verso Paper Corp., as it closed down 17% on its first day of trading...
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(India) Leading Paper manufacturer Ballarpur Industries' board has approved an optional buyback of 15.98 lakh shares of the company...
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(USA) The Board of Directors of Potlatch Corporation has declared a quarterly distribution on the Company's common stock. The distribution of $0.51 per share is payable June 12, 2008, to stockholders of record on May 29, 2008.
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