CHARLOTTE, N.C.— Fortune 500 packaging company Sealed Air Corp. will consolidate management operations from several states and relocate its New Jersey headquarters to the Charlotte area, where it plans to employ nearly 1,300 jobs in three years.» Read More
April 30- International Paper Co posted a higher-than-expected quarterly profit on Wednesday due to rising North American demand for its corrugated shipping boxes. IP, which has a large joint venture in Siberia, is closely monitoring the tension between Russia and the Ukraine, but so far has taken no action.
April 30- International Paper Co, the largest North American producer of corrugated shipping boxes, posted a quarterly loss on Wednesday due to charges to close an Alabama paper mill. The company had a first-quarter net loss of $95 million, or 21 cents per share, compared with net income of $318 million, or 71 cents per share, in the year-ago period.
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.
*Looking for acquisitions in Americas, eastern Europe. DUBLIN, Feb 12- Irish packaging group Smurfit Kappa is looking for acquisitions in the Americas and eastern Europe and will return cash to shareholders if it doesn't find the right target, it said on Wednesday.
NEW YORK, Feb 6- Carlyle Group LP has agreed to buy Illinois Tool Works Inc's industrial packaging unit for $3.2 billion, the private equity firm's latest acquisition of a large unit being carved out of conglomerates.
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.
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.
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.