Cutler said that LePage negotiated a bad deal with Portsmouth, New Hampshire- based Cate Street Capital, which manages the Great Northern Paper Co. mills in Millinocket and East Millinocket. The East Millinocket paper mill shut down in January, and last week the company declared bankruptcy.» Read More
July 29- International Paper Co, the largest corrugated box maker in North America, posted a higher-than-expected profit on Tuesday, citing slowly returning demand in the United States and Europe. For the second quarter, the company posted net income of $161 million, or 37 cents per share, compared with $259 million, or 57 cents per share, a year earlier.
NEW YORK, May 6- International Paper Co Chief Executive John Faraci will not attend the annual St. Petersburg International Economic Forum later this month in Russia and will send deputies instead, according to a source close to the company. The White House has encouraged U.S. business leaders not to attend, citing Russia's involvement in Ukraine.
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.
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