CHARLOTTE, N.C.— Sealed Air Corp. on Thursday reported second-quarter net income of $49.6 million. Sealed Air expects full-year earnings in the range of $2.52 to $2.60 per share, with revenue expected to be $6.85 billion. Sealed Air shares have increased 10 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 6 percent. » Read More
April 25- Drinks can maker Ball Corp said it along with British rival Rexam Plc agreed to sell some assets to Luxembourg- based packaging maker Ardagh Group for about $3.42 billion to meet antitrust regulations ahead of their planned merger. The deal would include the sale of 22 Ball and Rexam manufacturing plants across Europe, Brazil and the United States, the...
SETTLEMENT ALSO RELATES TO GOLDMAN'S CONDUCT IN PACKAGING SECURITIZATION, MARKETING-DOJ.
LAPPEENRANTA, Finland, March 30- It has created a modest 200 jobs in a Finnish forestry industry that has lost around 20,000 in the past decade, but UPM-Kymmene's new biofuels plant offers long-awaited growth and hope. But the new plant, a global first, is already breaking even after little more than a year in operation in the eastern town of Lappeenranta; its...
PCI's private equity owner, Frazier Healthcare Partners, has hired RBC Capital Markets to identify and approach potential buyers, including other buyout firms, the people said on Monday. RBC Capital Markets and PCI did not immediately respond to requests for comment. PCI was formed in 2012, when Frazier acquired the packaging operations of Blackstone Group...
TORONTO, March 2- Canada's main stock index rose for a fifth straight session on Wednesday, hitting its highest point this year as gains for materials and energy stocks offset losses for financial and consumer names and railways. "You're seeing some of the big risk factors dissipate, crude oil come back, the Chinese markets stabilize," said Elvis Picardo,...
In a complaint filed on Tuesday in Los Angeles federal court, Darren Eisenlord said Quaker Oats causes confusion by including a glass pitcher of maple syrup and the words "maple sugar" on packaging for six instant oatmeal products. The lawsuit followed a Feb. 15 letter from the North American Maple Syrup Council, the Vermont Maple Sugar Makers' Association and...
TORONTO, March 2- Canada's main stock index fell on Wednesday as losses for financial and consumer staple stocks offset gains for materials, energy and healthcare stocks. The most influential movers on the index included bank stocks, with Bank of Nova Scotia falling 1.1 percent to C $57.27 a share and Royal Bank of Canada declining 1.1 percent to C $69.39.
Ontario- based CCL said it would assume C $44 million of Checkpoint's net cash as part of the deal. BMO Capital Markets was CCL's financial adviser, while Warner Norcross& Judd was its legal counsel. Checkpoint's financial adviser was Morgan Stanley& Co LLC, while its legal advisers were Latham& Watkins LLP and Stradley Ronon Stevens& Young LLP.
JOHANNESBURG, Feb 25- Mondi could borrow to fund acquisitions, its chief executive said on Thursday, after the world's No.2 paper packaging maker posted a 25 percent rise in annual profit. The company spent nearly 100 million euros on deals last year and chief executive David Hathorn said his company's balance sheet was strong enough to pursue deals if asset...
Despite fragile freight rates, shipping lines are still acquiring, in order to maintain market share and capacity, says Johnson Leung, head of regional transport research at Jefferies.
Amazon is testing an Uber-like service for delivering its one-hour Prime Now packages.
Robbert Van Trooijen, CEO for North Asia Region at Maersk Line, says cost-saving measures will enable the container-shipping operator to outperform the industry for the rest of 2015.
The Container Store's Q1 earnings were better than expected.
Bubble Wrap has been a packaging staple since the '60s, but now the company behind it is making some big changes.
International Paper on Wednesday reported fourth-quarter earnings of $134 million.
Newly elected to NRF's board of directors, Kip Tindell, The Container Store CEO, discusses trouble with traffic in stores in Q2 and Q3. National Retail Federation CEO Matthew Shay, weighs in.
Dow Chemical said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins.
Gerry Wang, CEO of Seaspan, describes how the shipping industry has fared amid the global economic recovery.
Jonathan Windham, Head of Asia Ex-Japan Transport and Infrastructure Research at Barclays, says China rejected an alliance of three major liners in order to protect its domestic shippers.
CNBC's Bob Pisani and "Fast Money" trader Simon Baker discuss the Container Store as it surges on its first day of trading.