From the Olympic Games in Sochi, CNBC's Michelle Caruso-Cabrera talks with John Faraci, chairman & CEO of International Paper, about his company's big stake in Russia's natural resources.» Read More
NEW YORK, Feb 6- nPrivate equity firm Carlyle Group LP is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, and could announce the deal as soon as Thursday, people familiar with the matter said.
NEW YORK, Feb 6- Illinois Tool Works Inc is nearing a deal to sell its industrial packaging unit for more than $3 billion, with buyout firms Carlyle Group LP and Onex Corp competing in the final stretch of the auction, people familiar with the matter said. It could not be learned, however, if Illinois Tool Works has granted exclusivity to either bidder.
VANCOUVER, Feb 5- Canadian forest products company Canfor Corp posted a higher fourth-quarter profit on Wednesday, boosted by strong lumber prices and an increase in pulp production and shipments.
Feb 4- International Paper Co, the largest North American producer of corrugated shipping boxes, said on Tuesday that fourth-quarter profit nearly doubled due in part to strong sales to Amazon.com Inc and other retail customers.
Jan 27- Forest products company Rayonier Inc said it would spin off its cellulose fiber business into a publicly traded company, sending its shares up as much as 10 percent. Boynton will become the CEO of the new company after the spinoff, Rayonier said.
*Aberdeen Asset Management drops 5.1 pct, top faller. Aberdeen Asset Management, which invests in emerging markets, fell 5.1 percent after Argentina's central bank abandoned its policy of supporting its currency by intervening in the foreign exchange market.
*Deal includes $250 mln in cash, $650 mln in notes. *Verso shares up more than 300 percent to $2.75. Jan 6- Coated paper maker Verso Paper Corp said it would buy privately held NewPage Holdings Inc for about $900 million in cash and Verso bonds to form a larger company that can withstand increasing pressure from digital media.
Jan 6- Coated paper producer Verso Paper Corp said it would buy privately held NewPage Holdings Inc for $1.4 billion. The combined company will have annual sales of about $4.5 billion and 11 manufacturing facilities located in six states. NewPage shareholders will receive $250 million in cash and $650 million in notes.
NEW YORK, Nov 25- At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works Inc, in a deal that could fetch more than $3 billion, according to people familiar with the matter.
*Third-quarter adj EPS $0.31/ shr vs est $0.25. Oct 31- Canada's Resolute Forest Products Inc reported a better-than-expected profit for the fourth straight quarter as demand for its pulp products improved, sending its shares up 15 percent in early trade.
Oct 31- Resolute Forest Products Inc, the largest newsprint maker in North America, reported a quarterly loss, hurt by a $619 million charge related to income tax. The company's net loss was $588 million, or $6.22 per share, in the third quarter ended Sept. 30 compared with a profit of $37 million, or 38 cents per share, a year earlier.
Weyerhaeuser is that rare company for which money does grow in trees, says Mad Money's Cramer, discussing the stock's recent run, and 2.8% yield, with Daniel Fulton, Weyerhaeuser Company CEO, adding "We are more optimistic this year as we head into 2012."
A look at the stock's rise amidst volatility in the lumber space and weakness in the homebuilding sector, with CNBC's Brian Sullivan.
Assuming you have been unable to achieve paperless perfection, managing household records can be tricky — never mind, time consuming — business, even for the uber organized. Follow these rules.