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Opening Glance: Paper and packaging companies



By AP
19 May 2008 @ 10:16 am EST

NEW YORK - Shares of several paper and packaging companies rose on Monday, despite a weak report of leading economic indicators from a private business group.

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WY 38.57 -7.99
ABH 1.69 -0.43
MWV 16.92 -3.47
UFS 2.68 -0.43

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The Conference Board said its forecast of future economic activity rose 0.1 percent in April, matching a 0.1 percent rise in March. The results offer another sign the economy remains soft.

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

Weyerhaeuser Co., down 52 cents to $66.80.

AbitibiBowater Inc., up 28 cents, or 3 percent, to $10.30.

MeadWestvaco Corp., up a penny to $26.56.

Domtar Corp., up 13 cents, or 2.1 percent, to $6.34.

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 This material may not be published, broadcast, rewritten or redistributed.

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