International Business News - MWV 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 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 Shares of forest products makers surged Friday after the largest company in the sector reported second-quarter earnings that easily beat Wall Street expectations. http://www.ibtimes.com/articles/20080801/sector-snap-forest-products-makers-climb.htm Fri, 01 Aug 2008 14:16:37 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 Among the earnings stories for Thursday, July 24, from AP Financial News: NEW YORK (AP)--Hotel and leisure company Starwood Hotels & Resorts Worldwide Inc. said on Thursday that its second-quarter profit fell 16.4 percent as demand fell, but its results beat Wall Street estimates. http://www.ibtimes.com/articles/20080724/earnings-roundup-starwood-hotels-cache.htm Thu, 24 Jul 2008 10:55:41 EDT Packaging and specialty chemicals maker MeadWestvaco Corp. said Thursday its second-quarter profit jumped 75 percent as stronger emerging markets sales helped offset "unprecedented input cost inflation." http://www.ibtimes.com/articles/20080724/meadwestvaco-2nd-quarter-profit-jumps-75-percent.htm Thu, 24 Jul 2008 08:40:33 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 Packaging company MeadWestvaco Corp. said Monday it teamed with India-based Bilcare Ltd. to buy pharmaceutical packaging company International Labs of St. Petersburg, Fla. http://www.ibtimes.com/articles/20080721/meadwestvaco-bilcare-buy-packaging-company.htm Mon, 21 Jul 2008 10:27:55 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 An unusually low containerboard product inventory last month plus the likely acceptance of a July price increase lifted shares of containerboard product makers Wednesday. http://www.ibtimes.com/articles/20080716/sector-snap-containerboard-product-makers-rising.htm Wed, 16 Jul 2008 14:41:28 EDT A Credit Suisse analyst upgrade the paper and forest products industry Monday, saying stock prices for most companies are reasonable, and demand for most types of paper will reach a low point in the fall. http://www.ibtimes.com/articles/20080707/ahead-of-the-bell-paper-products-upgrades.htm Mon, 07 Jul 2008 08:48:54 EDT Shares of paper and packaging companies traded mixed on Monday, as oil prices pulled back from a rise earlier in the day, helping send Wall Street higher in late trading. http://www.ibtimes.com/articles/20080616/closing-glance-paper-and-packaging-companies.htm Mon, 16 Jun 2008 16:14:35 EDT Shares of MeadWestvaco Corp., which makes packaging, consumer and office products, rose Friday after an analyst upgraded the stock on a dip in price. The stock rose $1.13, or 4.7 percent, to $25 in afternoon trading. http://www.ibtimes.com/articles/20080613/last-call-meadwestvaco-upgraded-by-citi.htm Fri, 13 Jun 2008 15:37:00 EDT Shares of paper and packaging companies rose Friday, following the broader markets higher, while a Citi Investment Research analyst forecast gains from higher prices. http://www.ibtimes.com/articles/20080613/opening-glance-paper-and-packaging-companies-rise.htm Fri, 13 Jun 2008 10:35:28 EDT MeadWestvaco Corp., which makes packaging, consumer and office products, said Monday it agreed to sell one of its specialty papers cedar mills to Potsdam Specialty Paper Inc. http://www.ibtimes.com/articles/20080602/meadwestvaco-sells-specialty-paper-mill.htm Mon, 02 Jun 2008 10:37:40 EDT Shares of paper and packaging companies mostly declined on Tuesday, following Wall Street lower after oil prices set a new record and new inflation fears cropped up. http://www.ibtimes.com/articles/20080520/opening-glance-paper-and-packaging-companies-fall.htm Tue, 20 May 2008 10:35:44 EDT Shares of several paper and packaging companies rose on Monday, despite a weak report of leading economic indicators from a private business group. 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. http://www.ibtimes.com/articles/20080519/opening-glance-paper-and-packaging-companies.htm Mon, 19 May 2008 10:16:07 EDT MeadWestvaco Corp. said Thursday it plans to close its packaging plant in Warrington, Pa., as part of an effort to cut costs and streamline operations. http://www.ibtimes.com/articles/20080515/meadwestvaco-to-close-packaging-plant-to-cut-costs.htm Thu, 15 May 2008 17:13:13 EDT Coated paper manufacturer NewPage Group Inc. plans an initial public offering, according to a Securities and Exchange Commission filing on Monday. NewPage did not disclose the size or price range of its proposed IPO, but indicated that the offering price may total up to $805 million. The company noted that the total offering price was estimated solely to calculate its registration fee and may change. http://www.ibtimes.com/articles/20080505/newpage-group-plans-initial-public-offering.htm Mon, 05 May 2008 19:07:02 EDT Shares of several paper and packaging companies declined on Wednesday, bucking the market trend, after International Paper Co. posted a decline in first-quarter profit. http://www.ibtimes.com/articles/20080430/opening-glance-paper-and-packaging-companies-head-lower.htm Wed, 30 Apr 2008 10:38:09 EDT Among the stock activity stories for Monday, April 7, from AP Financial News: NEW YORK (AP) Shares of Estee Lauder Cos. moved lower on Monday after an analyst downgraded the cosmetics company due to... http://www.ibtimes.com/articles/20080407/movers-roundup-estee-lauder-kapstone.htm Mon, 07 Apr 2008 18:50:34 EDT