Containers and Packaging
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LAKE FOREST, Ill.-- Packaging Corp. of America said Wednesday that it will increase its quarterly dividend by 28 percent. The company said it will pay its new dividend of 40 cents per share on July 15 to shareholders of record as of June 14.
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VALLEY FORGE, Pa.-- AmerisourceBergen has sold its pharmaceutical packaging business, AndersonBrecon, to an investment group led by health care investor Frazier Healthcare. AmerisourceBergen Corp., a prescription drug distributor, said last month that it had agreed to sell the unit.
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HONG KONG, May 7- These are some of the leading stories in Hong Kong newspapers on Tuesday. --Next Media Ltd, owned by Hong Kong media mogul Jimmy Lai, expects a substantially bigger loss for the year to March, mainly due to operating losses incurred on the group's Taiwanese television and multimedia operations and its Hong Kong free newspaper Sharp Daily.
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May 2- International Paper Co, the largest producer of corrugated boxes in North America, posted a lower-than-expected quarterly profit on Thursday due to weak demand for food packaging and printing paper.
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May 2- International Paper Co, the largest producer of corrugated boxes in North America, posted a lower-than-expected quarterly profit on Thursday due to weak demand for food packaging and printing paper.
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May 2- International Paper Co, the largest producer of corrugated boxes in North America, said Thursday that its quarterly profit more than doubled on higher selling prices to customers. The company posted first-quarter net earnings of $318 million, or 71 cents per share, compared with $188 million, or 43 cents per share, in the same quarter last year.
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**Goldman Sachs Group Inc affiliate plans to spend $743 million to buy Ebix Inc, an insurance software provider that has been a target of allegations from short-sellers about inaccuracies in its financial statements.
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NEW YORK, May 1- Private equity firm Sun Capital Partners plans to merge five of its plastic packaging portfolio companies to form what it says will be the sixth-largest plastic packaging company in the world. The combined revenue of all the companies was around $2.5 billion in 2012, Exopack said.
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NEW YORK, May 1- Private equity firm Sun Capital Partners plans to merge five of its plastic packaging portfolio companies to form what it says will be the sixth-largest plastic packaging company in the world. will be created by merging its Exopack, Kobusch, Britton, Paragon and Paccar businesses, the company said in a filing with U.S. regulators on Wednesday.
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Staff reviewers for the U.S. Food and Drug Administration are expected to ask a panel of medical experts on May 2 if another clinical trial is required before it approves an experimental kidney cancer drug made by Aveo Oncology and Astellas Pharma Inc. **MGIC INVESTMENT CORP, Monday close $5.48, down 13 pct premarket.
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April 29- Graphic Packaging Holding Co:. *Jefferies raises target price to $9 from $8.50; rating buy. Reuters Station users, click. 1568.
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*FDA rejects Reckitt petition on heroin addiction drug packaging. *FDA approves two generic versions of Reckitt's Suboxone. *FDA refers Reckitt to competition regulator.
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NEW YORK, Feb 15- The S&P 500 dipped in a late decline on Friday as Wal-Mart dropped following a report of a weak start to February sales, though the index just barely extended its streak of weekly gains to seven. Wal-Mart Stores Inc dropped 2.1 percent to $69.30 after Bloomberg News reported a weak start to February sales, citing internal company e-mails.
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*S&P 500 in longest weekly streak since Dec 2010- Jan 2011. *Herbalife shares soar after Icahn discloses ownership. NEW YORK, Feb 15- U.S. stocks were little changed on Friday as investors once again found few reasons to make big bets with the S&P 500 on track to close out a seventh straight week of gains.
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*Burger King profit jumps, shares follow. *Herbalife shares soar after Icahn discloses ownership. The New York Federal Reserve said manufacturing in New York state expanded for the first time in seven months, while Thomson Reuters/ University of Michigan's preliminary reading of consumer sentiment rose from the prior month and beat expectations.
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Could Styrofoam containers get 86'd from the menu of takeout food options in the nation's biggest city?
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MANILA/ HONG KONG Feb 5- Philippine Long Distance Telephone Co said it will sell a majority stake in its business process outsourcing unit to private equity firm CVC Capital Partners Ltd- a deal that underlines rising interest in the Philippines as an investment destination.
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Jan 29- International Paper Co posted better-than-expected quarterly profit on Tuesday as strong sales of corrugated boxes offset weakness in the consumer packaging unit.
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Nils Smedegaard Andersen, group CEO at A.P. Moller - Maersk, tells CNBC that they see a gradual stabilization in Europe with the poltical tendencies going in the right direction.
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Kraft Foods Global Brands LLC, a subsidiary of Mondelez International, sued Kellogg Co's North American unit on Wednesday claiming the food maker improperly uses one of its patents to keep Keebler and Sandies cookies fresh. Michael Mitchell, a spokesman for Mondelez, declined to comment.