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Containers and Packaging

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  • Jan 26- Packaging companies Rock-Tenn Co and MeadWestvaco Corp agreed to form a combined $16 billion company to take on market leader International Paper Co in the United States and abroad. Shares of MeadWestvaco and Rock-Tenn rose to record highs. MeadWestvaco shareholders will have a 50.1 percent stake in the new company, which will be named before the deal...

  • *Rock-Tenn and MeadWestvaco rally, set to merge. NEW YORK, Jan 26- U.S. stocks were little changed on Monday after a decisive Greek election victory by the Syriza party spurred concern over fresh instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. The leftist Syriza party looked set to take on Greece's...

  • US STOCKS-Wall Street lower after Greek elections Monday, 26 Jan 2015 | 9:56 AM ET

    *Rock-Tenn and MeadWestvaco rally, set to merge. NEW YORK, Jan 26- U.S. stocks fell on Monday after a decisive Greek election victory by the Syriza party spurred concern over fresh instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. The leftist Syriza party looked set to take on Greece's international lenders, with...

  • Jan 26- Packaging companies Rock-Tenn Co and MeadWestvaco Corp said they would combine to form a company worth $16 billion, with MeadWestvaco shareholders owning a majority stake. In the new company, which will be named after the deal closes, MeadWestvaco shareholders will have a 50.1 percent stake, while Rock-Tenn shareholders will hold the rest.

  • Packaging companies Rock-Tenn, MeadWestvaco to merge Monday, 26 Jan 2015 | 6:26 AM ET

    Jan 26- Packaging companies Rock-Tenn Co and MeadWestvaco Corp said they would combine to form a company worth $16 billion, with MeadWestvaco shareholders owning a majority stake.

  • The Container Store frustrated by mid-year traffic

    Newly elected to NRF's board of directors, Kip Tindell, The Container Store CEO, discusses trouble with traffic in stores in Q2 and Q3. National Retail Federation CEO Matthew Shay, weighs in.

  • SEATTLE, Dec 4- Starbucks Corp Chief Executive Officer Howard Schultz, who introduced Americans to espressos, Frappuccinos and pumpkin spice lattes, is not about to let a bunch of well-funded independent coffee sellers beat his global chain at the super premium game. Starbucks' industrial-chic Reserve facility turns out small batches of Peaberry Sumatra and...

  • Nov 24- Canadian buyout firm Onex Corp said it would buy Swiss packaging group SIG Combibloc Group AG for up to 3.57 billion euros. The deal is expected to close in the first quarter of 2015, subject to regulatory approvals, Onex said. Reuters reported earlier this month that Onex, Canada's largest listed private equity firm, was leading the bidding for SIG...

  • The big four-- Tesco, Asda, Sainsbury and Morrisons-- still control 73 percent of UK grocery turnover but discounters such as Aldi and Lidl, e-commerce sites like Ocado and higher-end stores like Marks and Spencer and Waitrose are gaining ground. Unilever says it keeps margins with discounters, which account for over a billion euros of turnover, in line with its...

  • FRANKFURT/ LONDON, Nov 7- Buyout groups BC Partners, Onex and Partners Group are set to bid for Swiss packaging maker SIG Combibloc in an auction likely to raise less for seller New Zealand's Reynolds than initially seemed likely, sources familiar with the matter said. Reynolds, backed by New Zealand's richest man, is looking to sell SIG Combibloc to reduce debt.

  • OEP, which is 50 percent owned by JP Morgan, has received several expressions of interest from rival buyout groups such as CVC, Cinven, Permira and EQT valuing Constantia at about 2 billion euros, they added. JP Morgan has been retained as an adviser to manage the sale of the maker of aluminium foil, paper and plastic-film packaging and labels for the food,...

  • OEP, which is 50 percent owned by JP Morgan, has received several expressions of interest from rival buyout groups such as CVC and EQT valuing Constantia at about 2 billion euros, they added. JP Morgan has been retained as an adviser to manage the sale of the maker of aluminium foil, paper and plastic-film packaging and labels for the food, pharmaceutical and...

  • Robert Hanson's holding company last year acquired Venezuela's best-selling newspaper, Ultimas Noticias, despite its worsening financial results and stringent currency controls that have frequently left foreign companies unable to repatriate profits. Ultimas Noticias has named two ruling Socialist Party members to key posts, including former...

  • Dow Chemical to cut $1B in costs over 3 years Wednesday, 22 Oct 2014 | 1:16 PM ET

    Dow Chemical said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins.

  • Seaspan CEO: Global shipping is improving   Sunday, 14 Sep 2014 | 11:41 PM ET
    Seaspan CEO: Global shipping is improving

    Gerry Wang, CEO of Seaspan, describes how the shipping industry has fared amid the global economic recovery.

  • Why China said no to mega shipping pact   Tuesday, 17 Jun 2014 | 11:25 PM ET
    Why China said no to mega shipping pact

    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.

  • Container Store's hot IPO   Friday, 1 Nov 2013 | 12:11 PM ET
    Container Store's hot IPO

    CNBC's Bob Pisani and "Fast Money" trader Simon Baker discuss the Container Store as it surges on its first day of trading.

  • Container Store prices IPO at $18   Thursday, 31 Oct 2013 | 5:20 PM ET
    Container Store prices IPO at $18

    CNBC's Courtney Reagan reports high demand is expected for The Container Store once it goes public.

  • Moller-Maersk CEO: We've become much more competitive

    Nils Andersen, CEO of A.P. Moller-Maersk, tells CNBC that the second quarter has been quite tough, both in terms of rates and volumes but they have increased their competitiveness.

  • Styrofoam Could Come Off NYC's Takeout Menu Thursday, 7 Feb 2013 | 11:32 AM ET

    Could Styrofoam containers get 86'd from the menu of takeout food options in the nation's biggest city?