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Closing Glance: Paper and Packaging



By AP
08 April 2008 @ 04:52 pm EST

NEW YORK - Shares of most paper and packaging companies finished higher on Tuesday, despite broad market weakness related to disappointing quarterly reports from Alcoa and Advanced Micro Devices.

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Quotes
UFS 5.52 0.02
IP 28.47 1.04
WY 54.64 0.89
ABH 5.73 -0.14
TIN 18.08 0.83

SYMBOL LOOKUP

Also weighing on stocks were minutes from the Fed's March 18 meeting, which showed some central bank officials were concerned about the chance of a "prolonged and severe" business downturn.

Here's how some paper and packaging companies performed Tuesday:

Domtar Corp., up 9 cents to $7.33.

International Paper Co., up 41 cents to $29.10.

Weyerhaeuser Co., up 7 cents to $65.07.

AbitibiBowater Inc., up 10 cents to $12.91.

Temple-Inland Inc., up 35 cents, or 2.5 percent, to $14.33.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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