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.
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.
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.
*FDA rejects Reckitt petition on heroin addiction drug packaging. *FDA approves two generic versions of Reckitt's Suboxone. *FDA refers Reckitt to competition regulator.
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.
*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.
*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.
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.
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.
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.
*Ardagh Group offers $1.7 billion. PARIS, Jan 14- Saint-Gobain has struck a deal to sell its North American glass container operation to Ireland's Ardagh Group for $1.7 billion, beginning its planned exit from the low-margin business.
*CVC has made at least two investments in the Philippines. HONG KONG, Jan 10- Private equity firm CVC is in exclusive talks to buy a majority stake in SPi Global Holdings, a business outsourcing unit of Philippine Long Distance Telephone Co, for about $320 million including debt, a source familiar with the matter told Reuters.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."