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(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...
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(USA) Fitch Ratings has taken various rating actions on Potlatch Corporation's (PCH) Issuer Default Rating (IDR) and debt ratings...
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(South Africa) Sappi announced today that the rights offer to facilitate the funding of the acquisition of the coated graphic paper business of M-real, as announced on 29 September 2008, has been fully subscribed...
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(USA) Goldman Sachs cut its price targets on America's paper producers, saying their production cuts to match falling demand was not enough to prevent a further drop in prices..
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(USA) Chesapeake has announced that it has signed an amendment and extension of the forbearance agreement with the required lenders under its $250-million Senior Secured Credit Facility...
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(USA) Greif has announced results for its fiscal year ended Oct. 31, 2008, and specific plans to accelerate Greif Business System initiatives...
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(USA) The Board of Directors of Greif has declared quarterly cash dividends of $0.38 per share of Class A Common Stock and $0.56 per share of Class B Common Stock.
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(India) Credit rating agency, CARE reaffirmed `A` rating assigned to the long-term and medium term bank facilities of Rs 1.5 billion (enhanced form Rs 8 billion) and PR1+ rating assigned to the short-term bank facilities of Rs 5 billion (enhanced from Rs 287 billion) of Emami Paper...
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(USA) The Board of Directors of Potlatch has declared a quarterly distribution on the Company's common stock. The distribution of $0.51 per share is payable December 31, 2008, to stockholders of record on December 24, 2008...
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(USA) CME Group, the world's largest and most diverse derivatives exchange, has announced that hardwood pulp index futures and options on futures will be listed exclusively on CME Globex(R), the exchange's electronic trading platform...
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(USA) Shares of AbitibiBowater Inc., the largest North American newsprint maker, tumbled after a ratings agency lowered the noninvestment-grade debt ratings on the company...
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(USA) Shares of the world's largest newsprint maker AbitibiBowater Inc. plunged on November 25 on indications that demand for the company's product is plummeting. October newsprint statistics show consumption down 18.2 percent compared with the year-earlier figure...
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(Canada) AbitibiBowater Inc. has announced that its subsidiaries Bowater Canadian Forest Products Inc. ("BCFPI") and Bowater Incorporated ("Bowater") as well as the other parties to Bowater's U.S. and Canadian credit facilities, had entered into amendments...
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(USA) Chesapeake Corp., a specialty packaging company with operations mostly overseas, said in a regulatory filing yesterday that it may be required to file for bankruptcy protection as it tries to restructure its finances...
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(USA) The board of directors of Kimberly-Clark has declared a regular quarterly dividend of 58 cents per share. The dividend is payable on Jan. 5, 2009, to stockholders of record on Dec. 5, 2008...
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(USA) Boise has announced that it has been advised by the New York Stock Exchange ("NYSE") that the company does not currently comply with NYSE continued listing standards...
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(USA) Roger W. Stone, Chairman and CEO, stated, "We're off to a great start with our Charleston operations. Their performance has been outstanding. The integration is proceeding well, and we are very pleased with the significant contribution Charleston is bringing...
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(USA) Appleton's net sales from continuing operations for third quarter ended September 28, 2008, increased 3.2 percent to $255.2 million compared to net sales from continuing operations of $247.2 million for the same quarter of 2007. Appleton reported a loss from...
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(Israel) Avi Brener, CEO of the Company: "Due to the surplus manufacturing capacity, the import volumes of fine paper and packaging paper from Europe in dumping prices, have recently grown and the company is working to preserve its market share and quantitative...
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(USA) International Paper has announced that it has initiated the process of voluntarily delisting the company's common stock from the Euronext Amsterdam and Swiss stock exchanges due to extremely low trading volumes on these exchanges...
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