RICHMOND, Va.— MeadWestvaco Corp. on Wednesday reported net income that rose by 2.8 percent in its second quarter, and topped analysts' expectations. The Richmond, Virginia- based company said profit increased to $73 million, or 43 cents per share, from $71 million, or 39 cents per share, in the same quarter a year earlier.» Read More
*Strike has forced Toyota, GM, Ford to halt production. CAPE TOWN, July 16- South Africa's main manufacturing union, NUMSA, said it has agreed a plan of action to intensify a three-week strike over pay that has hit car makers and construction companies.
GLAXOSMITHKLINE RECALLS PAINKILLER IN PUERTO RICO@. July 14- GlaxoSmithKline Plc recalled about 10,600 bottles of its painkiller sold in Puerto Rico after finding the packaging was not child-resistant as required by the Poison Prevention Packaging Act.
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.
NEW YORK, June 10- Buyout firm Odyssey Investment Partners LLC is exploring a sale of Ranpak Corp that could value the company, one of the world's largest producers of protective paper packaging materials, at close to $1 billion, according to people familiar with the matter.
*Goodpack says in talks with one party on possible transaction. *Australia's Brambles ended talks in March to buy Goodpack. HONG KONG, May 19- KKR& Co is nearing a deal to buy Singapore's Goodpack Ltd, the world's largest maker of intermediate bulk containers which has a market value of S $1.36 billion, sources with direct knowledge of the matter said.
NEW YORK, May 13- BWAY Corp, one of the largest makers of rigid metal and plastic containers in North America, is considering a sale that could fetch around $2 billion, less than two years after it changed private equity ownership, people familiar with the matter said on Tuesday.
It was the 20th of the last 22 quarters that the agency has posted a loss, the USPS said. "We're quite obviously in a deep financial hole," Joseph Corbett, USPS chief financial officer and executive vice president, told reporters in a briefing.
WASHINGTON, May 9- The United States Postal Service ended its second quarter with a net loss of $1.9 billion, as first-class mail volumes continued to tumble and the government was unable to provide relief, the agency said on Friday.
April 30- International Paper Co posted a higher-than-expected quarterly profit on Wednesday due to rising North American demand for its corrugated shipping boxes. IP, which has a large joint venture in Siberia, is closely monitoring the tension between Russia and the Ukraine, but so far has taken no action.
April 30- International Paper Co, the largest North American producer of corrugated shipping boxes, posted a quarterly loss on Wednesday due to charges to close an Alabama paper mill. The company had a first-quarter net loss of $95 million, or 21 cents per share, compared with net income of $318 million, or 71 cents per share, in the year-ago period.
*Asset prices in Dubai soar with economic recovery. RAS AL KHAIMAH, United Arab Emirates, April 30- W hen French wine and cognac bottle maker Saverglass decided to expand three years ago, it chose a relatively remote, less affluent location in the United Arab Emirates for its plant rather than the business hubs of Dubai and Abu Dhabi.
WASHINGTON, April 10- The European packaging company Ardagh Group S.A. won U.S. antitrust approval to buy Saint-Gobain Containers Inc after agreeing to sell six of its nine glass container manufacturing plants in the United States, the Federal Trade Commission said on Thursday.
WASHINGTON, April 10- The European packaging company Ardagh Group S.A. won U.S. antitrust approval to buy Saint-Gobain Containers Inc after agreeing to sell six of its nine glass container manufacturing plants, the Federal Trade Commission said on Thursday.
FRANKFURT, April 10- Koch Industries and Goldman Sachs's private equity arm are acquiring the world's leading maker of printing-inks Flint from buyout group CVC, the four companies said in a joint statement on Thursday.
LONDON, April 3- Britain said on Thursday it was minded to force tobacco firms to sell cigarettes in plain standardised packaging and would hold a short consultation on the issue which could result in new regulations entering into force before May 2015.
LONDON, April 3- Britain said on Thursday it was minded to force tobacco firms to sell cigarettes in plain standardised packaging and would hold a short consultation on the issue before taking a final decision.
BRITAIN SAYS WILL HOLD FINAL SHORT CONSULTATION ON INTRODUCING PLAIN CIGARETTE PACKAGING AND DRAW UP DRAFT LEGISLATION.
BRITAIN SAYS MINDED TO FORCE TOBACCO FIRMS TO SELL CIGARETTES IN PLAIN STANDARDISED PACKAGING.
BRITAIN SAYS REVIEW OF PUBLIC HEALTH EVIDENCE SHOWS PLAIN STANDARDISED TOBACCO PACKAGING WOULD BE VERY LIKELY TO IMPROVE PUBLIC HEALTH.
LONDON, March 24- Deliveries of tobacco to retailers in Australia rose slightly last year for the first time in at least five years, even after the introduction of plain packaging aimed at deterring smokers, according to industry sales figures to be released on Monday.