International Business News - RKT 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 Newly released figures on paper shipments confirm the sector's rapid contraction as producers accelerate capacity cuts in to retain pricing power, analysts said. http://www.ibtimes.com/articles/20081124/sector-snap-paper-forest-products-makers.htm Mon, 24 Nov 2008 11:24:46 EST Shares of AbitibiBowater Inc., one of the world's largest suppliers of pulp, surged Friday on reports that China has resumed buying pulp after a three-month hiatus. http://www.ibtimes.com/articles/20081121/abitibibowater-shares-surge-on-word-of-new-demand.htm Fri, 21 Nov 2008 10:33:18 EST Among the earnings stories for Tuesday, Nov. 4, from AP Financial News: NORCROSS, Ga. (AP)--Rock-Tenn Co. shares advanced Tuesday after the paper and packaging company reported a 44 percent rise in its fiscal fourth-quarter profit, as higher pricing and improved productivity more than offset steeper commodity input costs. http://www.ibtimes.com/articles/20081104/earnings-roundup-rock-tenn-tenneco.htm Tue, 04 Nov 2008 14:44:52 EST Rock-Tenn Co. stock advanced Tuesday after the paper and packaging company reported a 44 percent rise in its fiscal fourth-quarter profit as higher pricing and improved productivity more than offset steeper commodity input costs. http://www.ibtimes.com/articles/20081104/rock-tenn-4th-qtr-profit-jumps-44-percent.htm Tue, 04 Nov 2008 11:18:12 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 forest and paper products companies were mixed Monday after an analyst warned that the companies' operating rates may decline because of weak demand. http://www.ibtimes.com/articles/20081020/forest-paper-companies-mixed-on-analyst-warning.htm Mon, 20 Oct 2008 11:59:12 EDT 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 Caraustar Industries Inc., which makes recycled uncoated and converted paperboard products, fell Tuesday on increasing concerns about its balance sheet. http://www.ibtimes.com/articles/20081014/caraustar-stock-tumbles-on-balance-sheet-concerns.htm Tue, 14 Oct 2008 17:52:01 EDT China's announcement Monday that it will delay construction of a huge containerboard plant, along with a broader stock market surge, lifted shares of U.S. containerboard makers. http://www.ibtimes.com/articles/20081013/sector-snap-containerboard-makers-surging.htm Mon, 13 Oct 2008 12:24:58 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 Declining demand and volatile input costs have led Moody's Investors Service to an overall negative view of the creditworthiness of global paper and forest products companies, one of the ratings agency's analysts said Monday. http://www.ibtimes.com/articles/20080922/analyst-note-paper-forest-products-makers-ailing.htm Mon, 22 Sep 2008 15:29:57 EDT Sweeping capacity reductions announced Wednesday by two of the world's largest paper makers helped lift the global sector in premarket trading. UPM-Kymmene Corp., the world-leading producer of magazine paper, said it will eliminate 1,600 jobs in 2009 and 2010, and cut production. Another Finland-based company, Stora Enso Oyj, announced mill closures and 1,700 layoffs, including 600 workers in Germany and 400 in Russia. http://www.ibtimes.com/articles/20080910/ahead-of-the-bell-capacity-cuts-lift-paper-makers.htm Wed, 10 Sep 2008 08:35:58 EDT Shares of paper products makers rocketed up Wednesday after International Paper Co. pushed through a containerboard price hike that--if it sticks--could transform the once-moribund sector. http://www.ibtimes.com/articles/20080903/sector-snap-paper-companies-rise-on-price-boost.htm Wed, 03 Sep 2008 11:15:39 EDT Shares of wood and paper products makers rose Monday after an analyst said the European sector is benefiting from falling crude oil prices and capacity cuts, developments that also help North American wood and paper products makers. http://www.ibtimes.com/articles/20080811/sector-snap-wood-paper-products-makers-rising.htm Mon, 11 Aug 2008 14:25:35 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 Paperboard packaging maker Rock-Tenn Co. said Monday its paperboard division will boost its prices on all coated and uncoated recycled paperboard by $50 per ton. http://www.ibtimes.com/articles/20080707/rock-tenn-raises-prices-on-paperboard.htm Mon, 07 Jul 2008 07:43:07 EDT