International Business News - SSCC 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 Shares of paper companies fell sharply Wednesday amid growing evidence that the decline in demand for their products is accelerating and expected to continue well into next year. http://www.ibtimes.com/articles/20081112/sector-snap-falling-demand-hits-paper-makers.htm Wed, 12 Nov 2008 14:49:04 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 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 Fitch Ratings on Tuesday lowered its ratings for cardboard box maker Smurfit-Stone Container Corp. Fitch lowered the issuer default rating to "B" from "B+" and the secured bank debt to "BB" from "BB+". http://www.ibtimes.com/articles/20081028/fitch-cuts-ratings-on-smurfit-stone.htm Tue, 28 Oct 2008 17:09:19 EDT Among the stock activity stories for Thursday, Oct. 23, from AP Financial News: NEW YORK (AP)--Colonial BancGroup shares lost more than half their value Thursday, after the regional bank reported a worse-than-expected loss, leading several analysts to adjust their full-year estimates. http://www.ibtimes.com/articles/20081023/movers-roundup-colonial-bancgroup-seagate-tech.htm Thu, 23 Oct 2008 19:23:54 EDT Shares of Smurfit-Stone Container Corp. soared Thursday after the corrugated packaging maker issued an upbeat forecast for its fourth quarter. After the market closed Wednesday, the Chicago-based company reported higher prices and greater shipping volumes helped it swing to profit in the third quarter. http://www.ibtimes.com/articles/20081023/smurfit-stone-container-shares-soar-after-results.htm Thu, 23 Oct 2008 20:04:30 EDT Among the earnings stories for Wednesday, Oct. 22, from AP Financial News: NEW YORK (AP)--Amazon.com Inc. said Wednesday that its profit climbed 48 percent in the third quarter, but the company reduced its full-year sales outlook, showing that the online retailer cannot escape the weak economy. Its shares dived. http://www.ibtimes.com/articles/20081022/earnings-roundup-amazon-com-ryland-group.htm Wed, 22 Oct 2008 18:55:16 EDT Among the earnings projection stories for Wednesday, Oct. 22, from AP Financial News: SEATTLE (AP)--With an uncertain economy, Amazon.com Inc. is cutting its 2008 revenue outlook. http://www.ibtimes.com/articles/20081022/outlook-roundup-amazon-com-tractor-supply.htm Wed, 22 Oct 2008 18:32:06 EDT Smurfit-Stone Container Corp., the largest U.S. maker of containerboard, said Wednesday it expects higher selling prices and lower costs to increase its fourth-quarter results compared with its recently completed third quarter. http://www.ibtimes.com/articles/20081022/smurfit-stone-container-says-4q-results-to-top-3q.htm Wed, 22 Oct 2008 17:25:35 EDT Smurfit-Stone Container Corp., the largest U.S. maker of containerboard, reported Wednesday that higher prices and greater shipping volumes helped it swing to profit in the third quarter. http://www.ibtimes.com/articles/20081022/smurfit-stone-container-swings-to-profit-in-3q.htm Wed, 22 Oct 2008 17:06:40 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 Smurfit-Stone Container Corp., maker of containerboard and corrugated packaging, said Monday it will shut down its Pontiac pulp mill in Quebec because of a weak market. http://www.ibtimes.com/articles/20081020/smurfit-stone-shutting-down-mill-cutting-218-jobs.htm Mon, 20 Oct 2008 07:32:50 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 A two-week battle between producers of containerboard and cash-strapped companies who buy the material to make cardboard boxes has been won by the boxmakers, several analysts said Wednesday. http://www.ibtimes.com/articles/20081015/sector-snap-containerboard-makers-falling-hard.htm Wed, 15 Oct 2008 13:24:14 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 Shares of Smurfit-Stone Container Corp. spiked Thursday after the company announced it would record a third-quarter tax benefit and the company's chief executive said the paperboard and packaging products company has "financial flexibility" despite the economic crisis. http://www.ibtimes.com/articles/20081009/smurfit-stone-shares-rise-on-tax-benefit.htm Thu, 09 Oct 2008 10:31:41 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