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Paper and Forest Products Forest Products


  • NEW YORK, Nov 8- Weyerhaeuser Company will purchase Plum Creek in a deal announced on Sunday that the two companies said would create a $23 billion timber, land and forest products company.

  • Nov 4- Lumber Liquidators Holdings Inc appointed board member John Presley chief executive, five months after Robert Lynch resigned following a report that the company sourced flooring laminates with harmful levels of a known carcinogen. Lumber Liquidators, which has suffered falling sales, lawsuits and the departures of three senior executives since the...

  • Lumber Liquidators names new CEO Wednesday, 4 Nov 2015 | 6:17 AM ET

    Nov 4- Struggling hardwood flooring retailer Lumber Liquidators Holdings Inc appointed board member John Presley chief executive to replace founder and acting CEO Thomas Sullivan. Sullivan will stay on as a special adviser to the CEO and remain on the board, the company said. The company also reported an 11.3 percent drop in third-quarter net sales as demand...

  • OTTAWA, Oct 26- The Canadian forestry industry said on Monday it is seeking a simple roll-over of an expired 2006 softwood lumber export agreement with the United States in hopes of preventing a fresh trade fight over the product. Canada and the United States have a long history of battling over softwood lumber, which in Canada generally comes from...

  • CHICAGO, Oct 12- U.S. lumber futures jumped 4 percent to their highest levels in a month on Monday as inventories of the building material ran low and a nearly decade-old trade deal with Canada expired, traders and analysts said. Investors and wood users who bet on lower lumber prices following the expiration this week of the 2006 Softwood Lumber Agreement...

  • Trees may be making California's drought worse Friday, 17 Oct 2014 | 11:10 AM ET
    Sierra Nevada Mountains near Lake Tahoe

    Researchers are trying to find out if denser forests in California are soaking up more water and adding to the state's horrible drought.

  • The Big Picture on Falling Lumber Prices Monday, 20 May 2013 | 9:41 AM ET
    The Big Picture on Falling Lumber Prices

    CNBC's Kelly Evans takes a look at how falling commodity prices are impacting home builders and housing.