RICHMOND, Va.-- Greif Inc., which makes industrial packaging, is spending $45 million to upgrade its operation in Virginia's Amherst County. Bob McDonnell announced Greif's plans Tuesday. The plant has operated in Amherst since 1975 and employs about 300 people.» Read More
Oct 24- International Paper Co reported better-than-expected quarterly profit on Thursday, helped by strong sales of corrugated packaging for shipping boxes. John Faraci, the chief executive, said in an interview the global economy continued to improve, but at a pace below its potential.
Oct 24- International Paper Co said on Thursday its quarterly profit rose 61 percent, helped by strong sales of corrugated packaging for shipping boxes. For the third quarter, the company posted net income of $382 million, or 85 cents per share, compared with $237 million, or 54 cents per share, in the year-ago period. Revenue rose 5 percent to $7.41 billion.
MONTEVIDEO, Oct 2- Uruguay on Wednesday allowed the world's top graphic paper maker, Finland's UPM-Kymmene, to increase pulp production at a local plant, raising tensions with neighboring Argentina over accusations of environmental damages.
*Packaging Corp offers $12.55/ share. *Packaging Corp to assume $714 mln of Boise's debt. The deal will secure badly needed production capacity for Packaging Corp, the fourth-largest maker of containerboard and corrugated packaging in the United States, at a time when the industry is consolidating.
*Packaging Corp offers $12.55/ share. *Boise shares trading at $12.53, Packaging Corp shares jump 10 pct. Packaging Corp, the fourth-largest maker of containerboard and corrugated packaging products in the United States, said it would assume Boise's $714 million debt.
Sept 11- International Paper Co said it will close its Courtland, Alabama, paper mill by early next year, laying off 1,100 workers. The mill has an annual production capacity of 950,000 tons.
*Amcor to focus on core global plastics business. SYDNEY, Aug 1- Australia's Amcor Ltd said it plans to list its glass and beverage can packaging unit, a business valued at around $1.8 billion, so that it can better focus on its core global business of plastics packaging. Amcor will also retain cigarette packaging, a big growth market in eastern Europe and Asia.
Brookfield Asset Management says it is selling its Longview Timber holdings to Weyerhaeuser for $2.65 billion.
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.