International Business News - SPP 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 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 and forest product companies fell Monday after an analyst said he expected weakening demand, lower prices and diminished earnings in the sector. http://www.ibtimes.com/articles/20081110/sector-snap-paper-and-forest-products-companies.htm Mon, 10 Nov 2008 15:07:32 EST Shares of Sappi Ltd. jumped Friday after the South African maker of paper, pulp and forest products reported a strong fiscal fourth quarter and an analyst raised his earnings estimates. http://www.ibtimes.com/articles/20081107/sappi-stock-jumps-after-strong-4q-results.htm Fri, 07 Nov 2008 19:08:31 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 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 Shares of M-Real Oyj surged overseas Monday after the Finnish paper company said it will sell four paper mills for euro750 million ($1.1 billion) to South Africa's Sappi Ltd. http://www.ibtimes.com/articles/20080929/finlands-m-real-sells-4-paper-mills-to-sappi.htm Mon, 29 Sep 2008 11:15:37 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 Fresh evidence Wednesday that the nation remains gripped by a severe housing downturn hammered shares of building materials suppliers. The Commerce Department said housing construction dropped a surprise 6.2 percent last month to a seasonally adjusted annual rate of 895,000 units. That's the slowest building pace since January 1991, another period when housing was going through a painful correction. http://www.ibtimes.com/articles/20080917/building-materials-suppliers-off-on-housing-report.htm Wed, 17 Sep 2008 19:54:26 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 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 Among the stock activity stories for Monday, Aug. 4, from AP Financial News: DENVER (AP)--Shares of Rio Tinto PLC slipped Monday morning after the British mining company said it would invest $341 million to support ongoing pre-feasibility studies on a major copper deposit in Superior, Ariz. http://www.ibtimes.com/articles/20080804/movers-roundup-rio-tinto-charlotte-russe.htm Mon, 04 Aug 2008 14:26:53 EDT U.S.-traded shares of Sappi Ltd. tumbled Monday after an analyst slashed his earnings estimates on the South African maker of coated fine paper and forest products. http://www.ibtimes.com/articles/20080804/shares-of-south-african-paper-maker-sappi-tumble.htm Mon, 04 Aug 2008 19:56:57 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 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 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 Verso Paper Corp. fell as much as 23 percent in their market debut Thursday, one day after the coated paper company cut the number and expected price of shares to be sold in its initial public offering. http://www.ibtimes.com/articles/20080515/verso-paper-shares-drop-in-1st-day-of-trading.htm Thu, 15 May 2008 14:49:37 EDT Shares of Verso Paper Corp. are expected to begin trading Thursday, a day after the coated paper company cut the number and price of shares to be offered in its initial public offering to 14 million shares at $12 apiece. http://www.ibtimes.com/articles/20080515/verso-paper-prices-14-million-shares-at-12-apiece.htm Thu, 15 May 2008 08:10:55 EDT