International Business News - Weyerhaeuser 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 Rating agency Standard & Poor's placed ratings of Weyerhaeuser Co. on CreditWatch for a possible downgrade Friday because of the economy's toll on the wood products maker. http://www.ibtimes.com/articles/20081121/standard-poors-reviews-weyerhaeuser-for-cut.htm Fri, 21 Nov 2008 16:03:15 EST Forest products supplier Weyerhaeuser Co. said Thursday that it will close a Colbert, Georgia mill indefinitely due to softening engineered wood product demand amid the ongoing housing downturn. http://www.ibtimes.com/articles/20081106/weyerhaeuser-to-close-georgia-mill-indefinitely.htm Thu, 06 Nov 2008 14:12:48 EST Weyerhaeuser Co. shares fell Monday after several analysts cut their share price targets on the forest products supplier. Buckingham Research Group analyst Mark Weintraub cut his target to $64 from $78, saying the third quarter "actual operational performance was miserable with the bottom line salvaged by tax provision catch-up and big pension-related income." http://www.ibtimes.com/articles/20081103/weyerhaeuser-shares-slide-on-lowered-price-target.htm Mon, 03 Nov 2008 20:40:23 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 Timber company Weyerhaeuser Co. said Friday that it will sell a division that makes wooden building products to a holding company for an undisclosed sum. http://www.ibtimes.com/articles/20081010/weyerhaeuser-to-sell-wood-building-products-unit.htm Fri, 10 Oct 2008 10:42:53 EDT Timber company Weyerhaeuser Co. said Wednesday Craig Neeser, president of its Canadian subsidiary, retired. Anne Giardini will replace him as president of the unit, named Weyerhaeuser Co. Ltd. http://www.ibtimes.com/articles/20081008/weyerhaeuser-canadian-unit-president-leaves.htm Wed, 08 Oct 2008 14:30:16 EDT Shares of Weyerhaeuser Co. fell Monday after an analyst cut his earnings estimates to reflect a more gradual recovery in the big timber company's real estate and wood products operations than previously expected. http://www.ibtimes.com/articles/20080825/weyerhaeuser-declines-after-analyst-cuts-estimates.htm Mon, 25 Aug 2008 17:00:51 EDT Among the premarket stories for Monday, Aug. 25, from AP Financial News: NEW YORK (AP)--Weyerhaeuser Co. shares could see increased activity Monday after an analyst cut his earnings estimates to reflect a more gradual recovery in the big timber company's real estate and wood products operations than previously expected. http://www.ibtimes.com/articles/20080825/premarket-roundup-weyerhaeuser-marvell-tech.htm Mon, 25 Aug 2008 09:55:07 EDT Weyerhaeuser Co. shares could see increased activity Monday after an analyst cut his earnings estimates to reflect a more gradual recovery in the big timber company's real estate and wood products operations than previously expected. http://www.ibtimes.com/articles/20080825/ahead-of-the-bell-weyerhaeuser-outlook-trimmed.htm Mon, 25 Aug 2008 09:08:15 EDT Ray Oen cleared out his office at Weyerhaeuser Co.'s headquarters on Tuesday, and carried a box of personal items to his car. On top was a photo of the nuclear submarine he served aboard as an officer. http://www.ibtimes.com/articles/20080806/weyerhaeuser-chopping-1-500-jobs-most-at-hq.htm Wed, 06 Aug 2008 11:33:42 EDT Weyerhaeuser Co. on Tuesday said it would cut about 1,500 employees, or 6.3 percent of its global work force, as part of an ongoing plan to scale back operations to focus on timberlands and wood products. http://www.ibtimes.com/articles/20080805/weyerhaeuser-to-cut-6-3-pct-of-work-force.htm Tue, 05 Aug 2008 16:15:23 EDT Weyerhaeuser Co. swung to a loss in the second quarter, hurt by a slump in U.S. housing that walloped sales of its lumber, panels and other products used in construction. Results, however, weren't as bad as Wall Street expected. http://www.ibtimes.com/articles/20080805/weyerhaeuser-swings-to-2q-loss-on-lower-revenue.htm Tue, 05 Aug 2008 16:49:34 EDT Timber, packaging and building products company Weyerhaeuser Co. reports results for the second quarter on Tuesday, before the market opens. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080804/earnings-preview-weyerhaeuser-facing-tough-2q.htm Mon, 04 Aug 2008 13:26:46 EDT Timber and wood products producer Weyerhaeuser Co. said Monday it completed the sale of its containerboard packaging and recycling business to International Paper for $6 billion in cash. http://www.ibtimes.com/articles/20080804/weyerhaeuser-completes-16-million-sale.htm Mon, 04 Aug 2008 11:55:25 EDT Timber and wood products producer Weyerhaeuser Co. said Monday it will sell its hardwood sawmill in Delta, British Columbia. Weyerhaeuser said it will entertain initial expressions of interest for the sawmill and the associated timber harvesting rights up to Sept. 5. http://www.ibtimes.com/articles/20080728/weyerhaeuser-to-sell-canadian-sawmill.htm Mon, 28 Jul 2008 12:22:34 EDT Forest products company Weyerhaeuser Co. said Tuesday that it will permanently close its idled Structurwood mill in Alberta, Canada. The oriented strand board mill was originally shut down December 2007 as a result of the declining U.S. housing market and high Canadian dollar. http://www.ibtimes.com/articles/20080708/weyerhaeuser-to-permanently-close-alberta-mill.htm Tue, 08 Jul 2008 17:44:44 EDT Timber and wood products producer Weyerhaeuser Co. said Thursday it will take $300 million to $325 million in second-quarter charges because of the slumping housing market. http://www.ibtimes.com/articles/20080626/weyerhaeuser-to-take-300m-to-325m-charges-in-2q.htm Thu, 26 Jun 2008 18:22:33 EDT Weyerhaeuser Co., one of the world's largest timberland owners and wood products manufacturers, spent $580,000 in the first quarter on lobbying, according to a recent disclosure report. http://www.ibtimes.com/articles/20080617/weyerhaeuser-spent-580k-lobbying-in-first-quarter.htm Tue, 17 Jun 2008 12:27:39 EDT Weyerhaeuser says it may sell its shipping line and four regional short-line railroads. The Westwood Shipping Line subsidiary has four ships that carry forest products and containers to 20 ports in Japan, Korea, China and North America. http://www.ibtimes.com/articles/20080529/weyerhaeuser-may-sell-its-ships-trains.htm Thu, 29 May 2008 10:17:33 EDT Weyerhaeuser Co. said Thursday it is considering strategic alternatives for its Westwood Shipping Line and four regional short line railroads, including their possible sale, as part of an ongoing restructuring plan. http://www.ibtimes.com/articles/20080529/weyerhaeuser-mulls-ship-rail-lines-alternatives.htm Thu, 29 May 2008 08:59:55 EDT