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Paper and Forest Products

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  • Canfor Pulp beats 1Q profit forecasts Tuesday, 28 Apr 2015 | 7:03 PM ET

    Vancouver, British Columbia _ Canfor Pulp Products Inc. on Tuesday reported first-quarter profit of $22.1 million. On a per-share basis, the Vancouver, British Columbia- based company said it had profit of 32 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

  • *UPM-Kymmene, Commerzbank and Geberit among top fallers. LONDON, April 28- European equities fell on Tuesday following some weaker-than-expected corporate updates, with paper maker UPM-Kymmene slipping after results while a new share issue hit Commerzbank. UPM-Kymmene also slumped 8.5 percent, the worst performer on the pan-European FTSEurofirst 300...

  • Weaker UPM-Kymmene leads European shares lower Tuesday, 28 Apr 2015 | 4:53 AM ET

    *UPM-Kymmene, Commerzbank and Geberit top fallers. LONDON, April 28- European equities fell on Tuesday following some weaker-than-expected updates, with paper maker UPM-Kymmene slipping after announcing results and Commerzbank's plan to raise 1.4 billion euros hurting its shares. "We have seen some mixed earnings reports today, however disappointing...

  • ULAN BATOR, April 24- A preliminary examination shows that Jim Doak, a well-known figure in Canada's financial industry who was found dead in his hotel room in Mongolia on Thursday, died of an unspecified illness, local police said on Friday. In a long-awaited decision last month, the international tribunal ordered Mongolia to pay about $100 million to Khan...

  • NEW YORK, March 5- St. Paul- based 3 M Co, one of the world's largest manufacturers and the maker of Post-it notes, will take new steps to ensure that its suppliers of paper, pulp and packaging provide materials that come from sustainably logged timber. The new paper-sourcing policy, aimed at preventing the destruction of fragile forests, comes after pressure on 3 M...

  • International Paper misses 4Q profit forecasts Wednesday, 28 Jan 2015 | 11:32 AM ET
    An International Paper Co. employee stacks corrugated boxes on the floor of the company's factory in Mt. Carmel, Pennsylvania.

    International Paper on Wednesday reported fourth-quarter earnings of $134 million.

  • 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...

  • Stora Enso sells German paper mill to Perusa Partners Saturday, 13 Dec 2014 | 9:35 AM ET

    STOCKHOLM, Dec 13- Finnish paper manufacturer Stora Enso said on Saturday it was selling a loss-making speciality fine paper mill in Germany to a company mainly owned by the private equity fund Perusa Partners Fund 2 for about 7 million euros. Stora Enso will record a loss of 30 million euros, which will show as a non-recurring item in the 2014 fourth-quarter...

  • 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...

  • Trees may be making California's drought worse Friday, 17 Oct 2014 | 11:10 AM ET
    Sierra Nevada Mountains near Lake Tahoe

    Researchers are trying to find out if denser forests in California are soaking up more water and adding to the state's horrible drought.

  • IP CEO investing big in Russia   Friday, 14 Feb 2014 | 6:44 AM ET
    IP CEO investing big in Russia

    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.

  • Carlyle nears $3B deal for Illinois Tool unit Thursday, 6 Feb 2014 | 5:02 PM ET
    A sign for the Carlyle Group, a private equity firm, in Washington, DC.

    Carlyle Group is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, sources said.

  • Cramer's Money Tree Stock: Weyerhaeuser   Friday, 3 Feb 2012 | 6:25 PM ET
    Cramer's Money Tree Stock: Weyerhaeuser

    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."

  • Many Unhappy Returns Tuesday, 29 Mar 2011 | 1:59 PM ET
    pile of bills

    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.

  • Paper and Forest Products Wire Story Sunday, 1 Dec 2002 | 12:00 AM ET