NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell 1.1 percent to $35.50 with 43,462,800 shares traded. Advanced Micro Devices Inc. fell. 8 percent to $3.73 with 27,512,600 shares traded.
June 2- Activist investor Starboard Value LP reported a 5.6 percent stake in MeadWestvaco Corp and said the packaging materials maker's stock was "deeply undervalued".
MOSCOW/ LONDON, May 13- Around a dozen chief executives and chairmen of major U.S. and European corporations have withdrawn from an economic conference in Russia as pressure between Moscow and the West grows over the crisis in Ukraine.
MOSCOW/ LONDON, May 13- Around a dozen chief executives and chairmen of major U.S. and European corporations have pulled out of an economic conference in St Petersburg as pressure between Russia and the West grows over the crisis in Ukraine.
MOSCOW, May 7- Western investors from a bank to a brewer reported trouble in their Russian operations on Wednesday due to the Ukraine crisis, while the Kremlin suggested Washington was trying to sabotage President Vladimir Putin's flagship economic forum.
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.
Wall Street has its eye on the Federal Reserve's meeting, but a slew of data is likely to have more influence on stocks Wednesday.
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.
International Paper chief John Faraci tells CNBC that's only for January and part of February.
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.
*Michael Kors shares soar after results. *Wall Street kicked off a global equities selloff Monday, with the S&P 500 suffering its worst drop since June, after weaker-than-expected U.S. data added to concerns over growth in China and the outlook for some emerging economies.
The company spent more than $400 million in the fourth quarter to write down the value of its xpedx distribution business, which is being combined with Bain Capital-backed Unisource Worldwide Inc and is expected to be spun off as a publicly traded company this year.
*Michael Kors shares soar after results. *International Paper profit nearly doubles. *Equities in Japan and Seoul fell to multi-month lows overnight and Europe followed suit, weighed further by earnings disappointment.
Some of the names on the move ahead of the open.
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.
Talking Squawk, the "Squawk Box" blog, provides tidbits, insights and sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
The U.S. economy is being held back by the uncertainty of consumers, International Paper Chairman and CEO John Faraci tells CNBC.
It's tough to produce profits in China, says John Faraci, International Paper chairman & CEO, explaining why his company is looking to find growth in Russia.
Cramer says some stocks tied to global growth should not be sold, despite the rotation in the market.