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International Paper, the world's biggest wood products company, said Wednesday its third-quarter profit more than doubled as a huge federal tax credit more than offset falling sales of cardboard box materials.
International Paper Co., the world's largest wood products company, reports earnings for the fourth quarter on Wednesday. The following is a summary of key developments and analyst opinion related to the period.
Calling International Paper Co.'s plan to idle its Franklin plant "a deep blow" to Virginia, Gov. Timothy M. Kaine is promising help to the nearly 1,100 families affected by the closure.
International Paper Co., the world's largest maker of cardboard box materials, said Thursday it is cutting 1,600 positions — nearly 3 percent of the current payroll — as it brings capacity into line with sharply diminished demand.
International Paper Co. on Wednesday said its offer to buy back $1 billion worth of notes has been accepted by almost 57 percent of their holders.
Moody's Investors Service on Monday assigned an investment grade rating to International Paper Co.'s new senior notes offering.
International Paper Co. on Thursday reported a 40 percent drop in second-quarter profit but said the worst of the global recession appears to be over and that demand is steadying.
In late 2003, things were bleak for the 40 employees at the Madison Lumber Mill. Part of the mill had burned down, and owner International Paper was looking to shut it down.
International Paper Co.'s first-quarter profit nearly doubled, as lower spending and a big tax credit for alternative fuel use offset falling sales of paper and timberlands.
International Paper Co. reports first-quarter results on Thursday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
International Paper Co. reported a fourth-quarter loss as a deepening recession forced it to shut mills that are struggling with tepid demand for paper and packaging.
International Paper Co. said Thursday it will shut down one of its paper production machines at its mill in Franklin, Va., and take downtime out of its uncoated freesheet paper mills during the fourth quarter.
International Paper says its second-quarter profit jumped 20 percent, beating Wall Street's estimates, as strong international sales helped offset rising raw material costs.
International Paper Co. reported a drop in third-quarter profit Friday, but the paper and packaging company's adjusted results met Wall Street expectations. Improved pricing helped offset raw material costs.
The Invasion of Genetically-Engineered EucalyptusHere's a great idea: Let's bring into our country a genetically-engineered, non-native tree that is known to be wildly invasive, explosively flammable, and insatiably thirsty for ground water.
Loophole or Lifeline? Tax Credit for Paper Industry Sparks Congressional DebateThis week, Fraser Papers plans to curtail production at its #6 paper mill in Madawaska and lay off 100 workers indefinitely. The paper industry is struggling to compete in an economic downturn. What's unusual for Fraser, is that its latest competition is from some U.S.
Stocks Rise; Investors Focus On Glimmers Of HopeNEW YORK (MarketWatch) -- U.S. stocks surged and the Dow Jones Industrial Average closed more than 100 points higher within as investors concentrated on signs of a turn in economic demand in comments from International Paper, Intel and in economic reports.
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