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Containers and Packaging

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  • MEXICO CITY, April 30- Mexican retailer and bottling company Femsa on Thursday said its first-quarter profit rose 26 percent compared with a year earlier, boosted by store openings in its retail division and a one-time gain from its stake in Heineken. The company, which co-owns Coke bottler Coca-Cola Femsa and operates the Oxxo chain of convenience stores,...

  • Domtar misses 1Q profit forecasts Thursday, 30 Apr 2015 | 9:19 AM ET

    Montreal _ Domtar Corp. on Thursday reported first-quarter earnings of $34.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. Domtar shares have risen 11 percent since the beginning of the year.

  • Sealed Air beats Street 1Q forecasts Thursday, 30 Apr 2015 | 7:33 AM ET

    ELMWOOD PARK, N.J. _ Sealed Air Corp. on Thursday reported first-quarter earnings of $97.2 million. Sealed Air expects full-year earnings in the range of $2.08 to $2.15 per share, with revenue expected to be $7.1 billion. Sealed Air shares have increased 4 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more...

  • Ball misses 1Q profit forecasts Thursday, 30 Apr 2015 | 6:15 AM ET

    BROOMFIELD, Colo. _ Ball Corp. on Thursday reported first-quarter net income of $20.7 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share. Six analysts surveyed by Zacks expected $1.91 billion.

  • MeadWestvaco meets 1Q profit forecasts Wednesday, 29 Apr 2015 | 7:48 AM ET

    RICHMOND, Va. _ MeadWestvaco Corp. on Wednesday reported first-quarter profit of $31 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 27 cents per share. MeadWestvaco shares have climbed 6 percent since the beginning of the year, while the Standard& Poor's 500 index has risen roughly 3 percent.

  • International Paper tops 1Q profit forecasts Wednesday, 29 Apr 2015 | 7:21 AM ET

    MEMPHIS, Tenn. _ International Paper Co. on Wednesday reported first-quarter net income of $313 million, after reporting a loss in the same period a year earlier. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. International Paper shares have fallen slightly since the beginning of the year, while...

  • Nearly two-thirds of owners in a Bank of America survey said their companies are still recovering from the downturn that officially ended nearly six years ago. The Bank of America findings are a reminder that the economic recovery is not only slow-paced but also fragmented, with companies whose customers are consumers and other small businesses lagging...

  • With legalization, lawyers turn to business of pot Saturday, 25 Apr 2015 | 10:42 AM ET

    "It's definitely something that established firms are dipping a toe into, though they are being very cautious, and rightly so," said Sam Kamin, a professor at the University of Denver Sturm College of Law who teaches a class about representing the marijuana industry. California and more than 20 other states have legalized the drug for medical use, and the pot...

  • Graphic Packaging beats 1Q profit forecasts Thursday, 23 Apr 2015 | 9:21 AM ET

    ATLANTA _ Graphic Packaging Holding Co. on Thursday reported first-quarter net income of $55.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. Graphic Packaging shares have climbed roughly 5 percent since the beginning of the year.

  • Bemis beats 1Q profit forecasts Thursday, 23 Apr 2015 | 8:57 AM ET

    NEENAH, Wis. _ Bemis Co. on Thursday reported first-quarter earnings of $54.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share. Five analysts surveyed by Zacks expected $1.06 billion.

  • The FDA issued the guidelines to help clarify what changes require regulatory approval under the 2009 Tobacco Control Act. The guidelines go far beyond that authority, the plaintiffs said, by requiring FDA authorization to make any labeling changes that would render a product already on the market "distinct," like a name change. Although the FDA has framed the...

  • CARACAS, March 13- Venezuela said on Friday it has started the process of filing for the annulment of an award that orders the South American country to pay U.S. bottle maker Owens-Illinois $455 million in compensation for nationalizations. Seeking an annulment will automatically stay the award, Venezuela added, buying the cash-strapped OPEC nation time as it...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in a nationalization claim against Venezuela, though a lawyer for the South American country said it was likely to seek an annulment. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in an arbitration claim against Venezuela for the nationalization of its subsidiary's operations in 2010.. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world or find alternative...

  • DUBLIN, March 3- Ireland on Tuesday became the second country in the world to pass legislation requiring cigarettes to be sold in plain packets, despite threats of legal action by tobacco companies opposed to the move. Japan Tobacco International and Imperial Tobacco Group have said they would take legal action against the plan to ban the colourful logos used...

  • Irish parliament passes plain tobacco packaging law Tuesday, 3 Mar 2015 | 12:41 PM ET

    DUBLIN, March 3- Ireland's parliament on Tuesday became the second in the world to pass legislation requiring cigarettes to be sold in plain packets, despite threats of legal action by tobacco companies opposed to the move. Japan Tobacco International and Imperial Tobacco Group have announced they would take legal action against the move to ban the colourful...

  • LONDON, Feb 26- British American Tobacco, the world's second-largest cigarette maker, said on Thursday it would take action against the UK government if it enacts a plan to put cigarettes in "plain packaging". The UK parliament is expected to vote on regulations to ban branding on cigarette packs before it is dissolved on March 30, in preparation for the general...

  • SYDNEY, Feb 26- Australian Prime Minister Tony Abbott backed plans on Thursday to introduce country-of-origin labelling in the wake of a hepatitis A outbreak, potentially risking contravention of World Trade Organization rules. Australia was among plaintiffs against the United States after it introduced its own stronger country-of-origin labelling...

  • Feb 19- U.S. drinks can maker Ball Corp agreed to buy British rival Rexam Plc in a sweetened 4.43 billion pounds deal, creating an industry giant that can better manage capital spending and costs as aluminium premiums rise. "If you want global supply and global prices, you need a Rexam plus Ball, because neither Rexam nor Ball individually are global," said Jefferies&...

  • Feb 19- U.S. drinks can maker Ball Corp agreed to buy British rival Rexam Plc in a sweetened 4.43 billion pounds deal, creating an industry giant that can better manage capital spending and costs as aluminium premiums rise. Shares in Rexam, which makes cans for Coca-Cola Co and Anheuser-Busch InBev, rose more than 6 percent to 571.5 pence in early trading before...