International Business News - GLT http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Makers of building materials faced more bad news Wednesday as the U.S. government reported residential housing construction in October fell to its lowest pace ever. http://www.ibtimes.com/articles/20081119/sector-snap-building-materials-suppliers.htm Wed, 19 Nov 2008 15:26:00 EST Shares of paper companies fell sharply Wednesday amid growing evidence that the decline in demand for their products is accelerating and expected to continue well into next year. http://www.ibtimes.com/articles/20081112/sector-snap-falling-demand-hits-paper-makers.htm Wed, 12 Nov 2008 14:49:04 EST Specialty papers company P.H. Glafelter Co. said Tuesday its fiscal third-quarter profit nearly tripled from a year-ago period weighed down by a hefty charge. http://www.ibtimes.com/articles/20081104/ph-glafelter-fiscal-3q-profit-nearly-triples.htm Tue, 04 Nov 2008 11:24:21 EST Shares of lumber and wood products companies fell Monday after a government report showed a weak housing market in September contributed to another monthly decline in construction spending. http://www.ibtimes.com/articles/20081103/timber-companies-down-after-weak-construction-data.htm Mon, 03 Nov 2008 20:45:03 EST Wall Street analysts Monday cut their ratings on numerous forest products and paper companies as the sector's prospects for 2009 turned increasingly dour. http://www.ibtimes.com/articles/20081103/ahead-of-the-bell-paper-and-forest-products-firms.htm Mon, 03 Nov 2008 09:29:57 EST Shares of containerboard maker Packaging Corp. of America rose Thursday, even after an analyst said weakening demand will result in lower earnings than previously estimated. http://www.ibtimes.com/articles/20081016/packaging-corp-of-america-off-on-weaker-outlook.htm Thu, 16 Oct 2008 20:50:14 EDT Shares of forest and paper products companies could see active trading Friday after an analyst cut his price targets on shares of many of those companies to reflect dimming prospects from a "deepening recession." http://www.ibtimes.com/articles/20081010/ahead-of-the-bell-paper-forest-products-makers.htm Fri, 10 Oct 2008 08:31:14 EDT A Goldman Sachs analyst on Tuesday bucked Wall Street's consensus that a planned containerboard price hike next month will fail, saying not only will it succeed but its success offers an investment opportunity. http://www.ibtimes.com/articles/20080923/ahead-of-the-bell-containerboard-producers.htm Tue, 23 Sep 2008 07:59:46 EDT Shares of packaging and paper makers rose Friday as the price of crude oil dipped briefly below $116 per barrel and several companies reported strong quarterly results, enticing investors to snap up bargains in the sector. http://www.ibtimes.com/articles/20080808/shares-of-packaging-forest-products-makers-jump.htm Fri, 08 Aug 2008 13:41:07 EDT Profits at paper, packaging and building supply companies are getting squeezed by raw material costs and falling demand for their goods as the U.S. economy and housing market languish. http://www.ibtimes.com/articles/20080725/paper-forest-products-makers-long-trek-to-profit.htm Fri, 25 Jul 2008 10:11:57 EDT Shares of most containerboard makers rose Monday as analysts said customers of the companies accepted a July price increase, and heightening prospects of another successful price hike. http://www.ibtimes.com/articles/20080721/sector-snap-containerboard-makers-rise.htm Mon, 21 Jul 2008 10:51:32 EDT Wall Street analysts are beginning to suggest that recently falling petroleum prices plus continued dollar weakness could energize shares of some packaging and paper products makers, even as they hover near 52-week lows. http://www.ibtimes.com/articles/20080718/sector-snap-paper-product-makers-set-for-rally.htm Fri, 18 Jul 2008 11:24:41 EDT Among the earnings stories for Tuesday, April 29, from AP Financial News: NORCROSS, Ga. (AP) _ Packaging products maker Rock-Tenn Co. said its fiscal second-quarter earnings jumped 21 percent, boosted by an acquisition and higher prices. http://www.ibtimes.com/articles/20080429/earnings-roundup-rock-tenn-convergys.htm Tue, 29 Apr 2008 15:34:18 EDT Among the earnings projection stories for Tuesday, April 29, from AP Financial News: EAST AURORA, N.Y. (AP) _ Military, medical and industrial control components designer and maker Moog Inc. raised its fiscal 2008 sales outlook a bit on Tuesday, saying it now expects $1.85 billion in revenue. http://www.ibtimes.com/articles/20080429/outlook-roundup-moog-martha-stewart-living-omnimedia.htm Tue, 29 Apr 2008 15:12:12 EDT Paper maker P.H. Glatfelter Co. said Tuesday it expects its second-quarter volume to be flat compared with same quarter of 2007, while selling prices are expected to be slightly higher than in the first quarter of 2008. http://www.ibtimes.com/articles/20080429/glatfelter-expects-flat-2nd-quarter-volume.htm Tue, 29 Apr 2008 11:10:24 EDT Paper maker P.H. Glatfelter Co. said Tuesday its first-quarter profit soared on a hefty one-time gain related to the sale of timberland. For the quarter ended March 31, Glatfelter earned $19.7 million, or 43 cents per share, compared with $3.3 million, or 7 cents per share, for the same quarter in 2007. http://www.ibtimes.com/articles/20080429/glatfelter-1q-profit-jumps-on-timberland-sale-gain.htm Tue, 29 Apr 2008 10:33:03 EDT