International Business News - Timber 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 Plum Creek Timber Co. said its board declared a regular quarterly dividend of 42 cents per share. The real estate investment trust said the dividend is payable Nov. 28 to shareholders of record on Nov. 17. http://www.ibtimes.com/articles/20081105/plum-creek-timber-sets-42-cent-quarterly-dividend.htm Wed, 05 Nov 2008 20:44:14 EST Shares of lumber and wood products companies fell Monday after a government report showed a weak housing market in September contributed to another monthly decline in construction spending. http://www.ibtimes.com/articles/20081103/timber-companies-down-after-weak-construction-data.htm Mon, 03 Nov 2008 20:45:03 EST Real estate investment trust Plum Creek Timber Co. reported Monday a 17 percent rise in third-quarter profit on a small increase in sales. The company, which is one of the nation's largest timber companies, said that for quarter ended Sept. 30 it earned $69 million, or 40 cents per share, compared with a profit of $59 million, or 34 cents per share, for the same period a year ago. In the 2007 quarter, the company incurred a $4 million non-cash expense, or 2 cents per share, related to fire losses experienced in Montana. http://www.ibtimes.com/articles/20081027/plum-creek-timber-reports-3q-profit-increase.htm Mon, 27 Oct 2008 16:56:53 EDT A federal timber sale planned in Montana's Little Belt Mountains northeast of White Sulphur Springs is being challenged by groups that say the logging would harm wildlife. http://www.ibtimes.com/articles/20081023/opponents-of-timber-sale-file-suit-in-montana.htm Thu, 23 Oct 2008 17:38:58 EDT Shares of Plum Creek Timber Co. edged higher in premarket trading Monday after an analyst upgraded the company, calling its longer-term prospects "extremely compelling" despite near-term challenges. http://www.ibtimes.com/articles/20081020/ahead-of-the-bell-plum-creek-timber-upgraded.htm Mon, 20 Oct 2008 09:07:05 EDT The financial rescue plan signed by President Bush on Friday extends a program that pays rural counties hurt by federal logging cutbacks. Senators inserted the timber provision as one of several sweeteners to attract more votes for the bailout bill, which the House approved on Friday, two days after the Senate. http://www.ibtimes.com/articles/20081003/bailout-bill-includes-timber-payments.htm Fri, 03 Oct 2008 17:49:59 EDT For the second time this week, the House Friday rejected a Senate-backed measure to extend a multiyear program of payments to rural counties hurt by federal logging cutbacks. http://www.ibtimes.com/articles/20080926/house-rejects-timber-payments-for-2nd-time-in-week.htm Fri, 26 Sep 2008 18:15:33 EDT Guyana's labor minister says he will fine a Hong Kong timber company for failing to report a worker's death. Manzoor Nadir says Jaling Forest Industries Inc. never responded to inquiries about the death of a 56-year-old Malaysian worker despite repeated requests. Nadir says the company could face a $300 fine and that he will seek to toughen laws regarding worker deaths and injuries. http://www.ibtimes.com/articles/20080926/guyana-to-fine-hong-kong-timber-company-over-death.htm Fri, 26 Sep 2008 14:19:17 EDT The House on Wednesday rejected a Senate-backed measure extending a multiyear program of payments to rural counties hurt by federal logging cutbacks. The House removed the provision from a huge spending bill after the White House objected to the legislation. A White House statement said the timber program should be phased out, as the Bush administration had previously proposed. http://www.ibtimes.com/articles/20080925/house-removes-timber-payments-from-spending-bill.htm Thu, 25 Sep 2008 10:09:02 EDT The House on Wednesday rejected a Senate-backed measure extending a multiyear program of payments to rural counties hurt by federal logging cutbacks. The House removed the provision from a huge spending bill after the White House objected to the legislation. A White House statement said the timber program should be phased out, as the Bush administration had previously proposed. http://www.ibtimes.com/articles/20080924/house-removes-timber-payments-from-spending-bill.htm Wed, 24 Sep 2008 19:43:02 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 The European Union and Ghana struck a deal Wednesday to stop exports of illegal timber, aiming to halt rampant deforestation in the West African country. http://www.ibtimes.com/articles/20080903/eu-and-ghana-strike-deal-on-illegal-timber.htm Wed, 03 Sep 2008 11:57:36 EDT Oregon Rep. Greg Walden has an idea he thinks will allow the government to continue a program that makes payments to rural counties hurt by federal cutbacks in logging: drill for oil off America's coasts. http://www.ibtimes.com/articles/20080801/walden-drill-off-coast-to-pay-for-timber-program.htm Fri, 01 Aug 2008 16:19:01 EDT Lumber real estate investment trust Plum Creek Timber Co. on Monday affirmed its full-year earnings outlook as it weathers the home construction downturn. http://www.ibtimes.com/articles/20080728/plum-creek-timber-affirms-2008-profit-guidance.htm Mon, 28 Jul 2008 18:53:44 EDT Lumber company Plum Creek Timber Inc. on Monday said its second-quarter profit fell 48 percent, a drop the company attributed to "challenging" conditions in the overall timber market, but results came in ahead of Wall Street expectations. http://www.ibtimes.com/articles/20080728/plum-creek-timber-2nd-qtr-profit-slides-48-percent.htm Mon, 28 Jul 2008 16:59:24 EDT Plum Creek Timber Co., a real estate investment trust, said Monday its second-quarter earnings dropped by nearly half due to a challenging lumber market and an impairment charge, but still beat Wall Street's expectations. http://www.ibtimes.com/articles/20080728/plum-creek-timbers-2q-profit-falls-by-half.htm Mon, 28 Jul 2008 16:58:47 EDT An 11-judge panel of the 9th U.S. Circuit Court of Appeals has ruled it's improper for federal judges to act as scientists when weighing in on disputed U.S. Forest Service timber projects. http://www.ibtimes.com/articles/20080703/9th-circuit-judges-shouldnt-act-as-scientists.htm Thu, 03 Jul 2008 20:37:39 EDT Eleven judges of the 9th U.S. Circuit Court of Appeals ruled it's improper for judges to act as a panel of scientists when weighing in on U.S. Forest Service timber projects. http://www.ibtimes.com/articles/20080703/9th-circuit-judges-shouldnt-act-as-scientists.htm Thu, 03 Jul 2008 15:49:37 EDT Two Idaho forest products companies, Bennett Forest Industries and Riley Creek Lumber, are combining to strengthen ties to large customers, including Home Depot Inc. and Lowe's Cos. Inc., as the market for lumber slumps. http://www.ibtimes.com/articles/20080703/2-idaho-forest-products-companies-to-combine.htm Thu, 03 Jul 2008 13:03:46 EDT Rural counties that face financial collapse from the loss of federal timber payments need to raise local taxes while the Oregon Legislature and Congress grapple with long-term solutions to a problem that touches the entire state, a task force told the governor. http://www.ibtimes.com/articles/20080624/study-ore-timber-counties-need-breathing-room.htm Tue, 24 Jun 2008 10:32:22 EDT