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 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.
U.S. stocks dipped on Wednesday, as a drop in shares of Apple Inc. threatened to put an end to a six-day run of gains for the S&P 500 and weighed heavily on the Nasdaq. **APPLE INC, $467.00, down 5.5 pct.
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.
HELSINKI/ SEATTLE, Sept 3- In an era when shiny new tech start-ups can be worth tens of billions of dollars, Microsoft's deal to acquire Nokia's mobile handset business for 5.44 billion euros is a modest one from a strictly financial point of view.
*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.
Howard Stern was right: Wet wipes may be the next big thing in male grooming. Dollar Shave Club introduces a toilet paper alternative.
A move by China's Ping An Bank to ban its regional branches from approving mortgages may signal that Beijing is set to tighten controls on the property market to calm prices.
John Faraci, Chairman & CEO of International Paper, breaks down the paper company's better-than-expected fourth quarter numbers and discusses where he see growth opportunites.
James Hirschfeld,and Alexa Hirschfeld, Paperless Post, discuss why the e-card powerhouse is going back to paper cards.
Entrepreneurs Jordan and Bryan Silverman have turned men's penchant for bathroom reading into a unique new business. Do they actually have customers?
We pulled together a list of Cramer's favorite dividend plays. Read on and pick one or two for your portfolio. They could offer just the kind of defense that you need.
The "Mad Money" host shares his earnings expectations for International Paper, Procter & Gamble and V.F. Corp.
John Williams, Domtar Corporation president/CEO discusses the company celebrating its fifth year at the NYSE, and the state of the paper business.
IP Chairman and CEO John Faraci talks to Cramer about the company’s growth and its pending merger with Temple-Inland.
We pulled together a list of Jim Cramer's favorite dividend plays. Read on and pick one or two for your portfolio.
Despite being rebuffed in its initial efforts, CEO John Faraci said IP will push forward with the deal.
Making a case for Weyerhaeuser, with David Barse, Third Avenue Management.
A breakdown of the paper company's earnings, with John Faraci, International Paper chairman/CEO.