International Business News - SEE 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 Sealed Air Corp. cut its 2008 profit outlook Wednesday on anticipated lower unit volumes. The packaging products maker now expects full-year earnings in a range of 97 cents to $1.07 per share. It previously predicted net income between $1.41 and $1.51 per share. http://www.ibtimes.com/articles/20081029/sealed-air-cuts-its-2008-earnings-forecast.htm Wed, 29 Oct 2008 11:38:45 EDT Sealed Air Corp. said Wednesday that its third-quarter profit slid 87 percent, dragged down by a restructuring charge. The packaging products maker also slashed its 2008 earnings forecast, which sent its stock down $4.90, or 23.2 percent, to $16.11 in afternoon trading. The stock hit a nearly six-year low of $15 earlier in the session. http://www.ibtimes.com/articles/20081029/sealed-air-profit-plunges-on-restructuring-charge.htm Wed, 29 Oct 2008 12:46:35 EDT Shares of plastic packaging makers rose Tuesday after the price of crude oil, a key raw material in making plastics, plunged as Hurricane Gustav appeared to largely spare petroleum installations in the Gulf of Mexico. http://www.ibtimes.com/articles/20080902/sector-snap-plastic-packaging-companies-rise.htm Tue, 02 Sep 2008 10:24:07 EDT Among the earnings stories for Wednesday, July 30, from AP Financial News: NEW YORK (AP)--Strong sales internationally, especially in Latin America and Eastern Europe, helped Avon Products Inc. more than double its second-quarter profit, the cosmetics company said Wednesday. Its shares surged more than 15 percent. http://www.ibtimes.com/articles/20080730/earnings-roundup-avon-reynolds-american.htm Wed, 30 Jul 2008 14:53:53 EDT Among the earnings projection stories for Wednesday, July 30, from AP Financial News: BLOOMFIELD HILLS, Mich. (AP)--Auto retailer Penske Automotive Group Inc. cut its full-year earnings forecast Wednesday after reporting its second-quarter earnings declined on weaker sales. http://www.ibtimes.com/articles/20080730/outlook-roundup-penske-align-tech.htm Wed, 30 Jul 2008 14:43:18 EDT Packaging materials maker Sealed Air Corp. on Wednesday said it would reduce its staff by 5 percent and shutter some of its facilities as part of a bid to cut costs amid a challenging economic environment. http://www.ibtimes.com/articles/20080730/sealed-air-to-cut-its-workforce-by-5-percent.htm Wed, 30 Jul 2008 12:42:29 EDT Packaging materials maker Sealed Air Corp. on Wednesday cut its full-year profit outlook below Wall Street expectations, citing the continuing challenging economic environment and higher raw materials costs. http://www.ibtimes.com/articles/20080730/sealed-air-trims-full-year-outlook.htm Wed, 30 Jul 2008 12:28:02 EDT Packaging materials maker Sealed Air Corp. on Wednesday reported its second-quarter profit fell 15 percent, hurt by higher raw materials and energy costs, and said it planned to cut 5 percent of its workforce. http://www.ibtimes.com/articles/20080730/sealed-air-2q-profit-falls-15-percent.htm Wed, 30 Jul 2008 12:16:34 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 A packaging company sued after a Rhode Island nightclub burned down five years ago has agreed to pay $25 million to survivors and relatives of the 100 people killed, according to court papers filed Friday. http://www.ibtimes.com/articles/20080613/insulation-co-settles-for-25m-in-nightclub-fire.htm Fri, 13 Jun 2008 20:15:28 EDT Standard & Poor's Ratings Services downgraded the corporate ratings of Sealed Air Corp., saying the packaging company's profits are in trouble because of rising raw material costs and a slowing U.S. economy. http://www.ibtimes.com/articles/20080502/s-p-cuts-ratings-on-sealed-air-to-notch-above-junk.htm Fri, 02 May 2008 12:31:23 EDT Among the earnings stories for Wednesday, April 30, from AP Financial News: CINCINNATI (AP) _ Cincinnati Bell Inc.'s first-quarter earnings fell 53 percent, as restructuring costs depressed the bottom line, the regional phone company said Wednesday. http://www.ibtimes.com/articles/20080430/earnings-roundup-cincinnati-bell-cb-richard-ellis.htm Wed, 30 Apr 2008 15:24:27 EDT Doctors performed eye surgery on Eli, a 10-year-old monkey. He can't follow an eye chart, of course. But Eli's caretakers believe he can see better for the first time in years. http://www.ibtimes.com/articles/20080429/10-year-old-monkey-at-utah-zoo-gets-artificial-lenses.htm Tue, 29 Apr 2008 15:45:29 EDT