Stocks International Paper Co

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  • Cramer puts down his ax and shows this sector – and Weyerhaeuser – a little love.

  • Weyerhaeuser

    International Paper has agreed to pay $6 billion in cash to buy the packaging and recycling unit of Weyerhaeuser, the timber and forest products company, the companies said on Monday.

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    When the economy rebounds, where's your portfolio going to be? UBS says that's a question to answer right now. The bank released what it calls its "'New' Nifty Fifty," a list of 50 companies from around the world that can use today's troubling market conditions to position themselves to thrive when the economy rebounds. (PART 1)

  • Dow Jones just announced a change in the Dow Jones Industrial Average. Chevron and Bank of America will replace Altria and Honeywell. Chevron is making a second tour; it came out in 1999. Last time there were changes in the Dow was April, 2004, when AIG, Pfizer and Verizon replaced the old AT&T, Eastman Kodak, and International Paper.

  • Stocks closed on a positive note after several wild swings that ended an equally volatile week.

  • International Paper on Friday reported a drop in quarterly net profit but an increase in earnings before one-time items, helped by its printing papers business.

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    Many investors were expecting third-quarter earnings to be bad. And so far they haven't been disappointed.

  • Packaging and building products company Temple-Inland, which is under pressure from activist investor Carl Icahn, said Monday that it would sell 1.55 million acres of timberland to Campbell Group for $2.38 billion and then issue a $1.1 billion special dividend.

  • International Paper said on Thursday its second-quarter profit rose on improved pricing and stable volumes, but earnings fell short of market expectations and pulled the company's shares down 2.7%.

  • The largest U.S. paper and forest products company reported net income of $434 million, or 97 cents a share, compared with a year-earlier loss of $1.24 billion, or $2.54 a share.

  • Stocks closed mixed as the Dow Jones Industrials had their worst quarterly performance in almost two years. "What you've seen this quarter is a lot of negative shocks to the system in the market, yet the markets really don't want to go down," said Erik Ristuben of Russell Investment Group.