International Business News - RYN 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 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 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 Weyerhaeuser Co. said Friday its third-quarter profit nearly tripled on hefty gains from the sale of its packaging business. But revenues tumbled 37 percent and the timber and wood company faces a battered housing market. http://www.ibtimes.com/data/articleimgs/164668-earns-weyerhaeuser.jpg http://www.ibtimes.com/articles/20081031/weyerhaeuser-3q-boosted-by-gains-from-divestiture.htm http://www.ibtimes.com/articles/20081031/weyerhaeuser-3q-boosted-by-gains-from-divestiture.htm Fri, 31 Oct 2008 17:36:31 EDT Among the earnings stories for Wednesday, Oct. 22, from AP Financial News: TRENTON, N.J. (AP)--Drugmaker Merck & Co. said Wednesday it will slash 7,200 jobs as part of a new restructuring program that comes as its third-quarter profit plunged 28 percent, due to a hefty restructuring charge and flat sales. http://www.ibtimes.com/articles/20081022/earnings-roundup-merck-arrow-electronics.htm Wed, 22 Oct 2008 14:34:08 EDT Among the earnings projection stories for Wednesday, Oct. 22, from AP Financial News: SAN ANTONIO (AP)--Kinetic Concepts Inc. cut its 2008 revenue forecast Wednesday, citing several factors that are hurting sales of its vacuum-assisted-wound-closure products. http://www.ibtimes.com/articles/20081022/outlook-roundup-kinetic-concepts-arena-resources.htm Wed, 22 Oct 2008 14:22:39 EDT Rayonier Inc., which owns real estate and timberland and makes wood and plant fiber products, said it expects full-year 2008 earnings to be less than last year's earnings. http://www.ibtimes.com/articles/20081022/rayonier-says-08-earnings-to-be-below-07-level.htm Wed, 22 Oct 2008 11:17:31 EDT Rayonier Inc., which owns real estate and timberland and makes wood and plant fiber products, said Wednesday its third-quarter profit fell by more than half as its timber business struggled under a weak housing market. http://www.ibtimes.com/articles/20081022/rayoniers-3rd-quarter-profit-falls-58-percent.htm Wed, 22 Oct 2008 11:00:06 EDT 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 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 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 Shares of timber companies were mostly higher after the Federal Reserve left a key interest rate unchanged. The central bank said Tuesday it was keeping its target for the federal funds rate, the interest that banks charge on overnight loans, unchanged at 2 percent. http://www.ibtimes.com/articles/20080916/timber-company-shares-mostly-up-after-fed-decision.htm Tue, 16 Sep 2008 14:39:02 EDT Rayonier Inc. said Tuesday that a New Zealand timberland venture in which it holds a 40 percent stake has decided to sell its real estate assets. The joint venture, Matariki Forests, owns the third-largest forest estate in New Zealand, with approximately 343,000 acres of timberland. http://www.ibtimes.com/articles/20080819/rayonier-venture-to-sell-new-zealand-timberland.htm Tue, 19 Aug 2008 08:53:20 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 Among the earnings stories for Tuesday, July 22, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080722/earnings-roundup-ups-lockheed-martin.htm Tue, 22 Jul 2008 10:45:51 EDT Rayonier Inc., which owns real estate and timberland and makes wood and plant fiber products, said Tuesday its second-quarter profit rose 12 percent as strong sales of performance fibers helped offset higher costs. http://www.ibtimes.com/articles/20080722/rayonier-2q-profit-up-12-percent-topping-analysts.htm Tue, 22 Jul 2008 08:44:50 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 The senior vice president of performance fibers and wood products of forest products company Rayonier Inc. exercised options for 20,000 shares of common stock, according to a Securities and Exchange Commission filing. http://www.ibtimes.com/articles/20080604/rayonier-senior-vp-boynton-exercises-options.htm Wed, 04 Jun 2008 13:13:24 EDT