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Stock Market & Financial Investment News

News Breaks
January 22, 2013
08:25 EDTATR, ATR, ATR, AVY, AVY, AVY, BLL, BLL, BLL, IP, IP, IP, PCL, PCL, PCL, PKG, PKG, PKG, RKT, RKT, RKT, OI, OI, OI, WY, WY, WYWeyerhaeuser
North American Packaging & Paper/Forest Products Analyst Staphos, Latin American Pulp & Paper/Forest Products Analyst Lofiego and European Paper/Forest Products & Packaging Analyst Swaminathan provide an industry update and outlook for 2013 on an Analyst/Industry conference call to be held on January 24 at 9 am.
News For ATR;AVY;BLL;IP;PCL;PKG;RKT;OI;WY From The Last 14 Days
Check below for free stories on ATR;AVY;BLL;IP;PCL;PKG;RKT;OI;WY the last two weeks.
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April 16, 2014
16:21 EDTPKGPackaging Corp. to pay $17.6M to settle class action suit
Packaging Corporation of America announced that it has reached an agreement to settle a civil, class action lawsuit filed against the company and eight other North American manufacturers of containerboard. The lawsuit, filed in 2010, is pending in the U.S. District Court for the Northern District of Illinois. Under the terms of the agreement, which must be approved by the court, the company will pay $17.6M into a settlement fund in return for a dismissal and release of all claims of the purported class. Packaging Corp. will record a reserve for the expected settlement of the agreement in its Q1 results, which will result in an after-tax charge of $11.3M, or 11c per share.
April 15, 2014
10:00 EDTRKT, IPOn The Fly: Analyst Downgrade Summary
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06:37 EDTRKTRockTenn downgraded to Neutral from Buy at Longbow
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06:37 EDTIPInternational Paper downgraded to Neutral from Buy at Longbow
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April 11, 2014
11:01 EDTATRAptarGroup boosts dividend 12% to 28c per share
AptarGroup increased the quarterly cash dividend by 12% to 28c from 25c per share. The payment date is May 21 to stockholders of record as of April 30.
April 9, 2014
10:06 EDTIP, RKT, BLL, OIOn The Fly: Analyst Initiation Summary
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07:16 EDTOIOwens-Illinois initiated with a Neutral at Credit Suisse
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07:16 EDTBLLBall Corp. initiated with a Neutral at Credit Suisse
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07:15 EDTIPInternational Paper initiated with an Outperform at Credit Suisse
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07:15 EDTRKTRockTenn initiated with an Outperform at Credit Suisse
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April 8, 2014
14:34 EDTIPInternational Paper acquires remaining shares of Orsa IP Embalagens
International Paper has acquired the remaining 25% of shares of Orsa International Paper Embalagens S.A. from its joint venture partner, Brazilian pulp and packaging producer Jari Celulose, Embalagens e Papel S.A. The shares were purchased at the original transaction price per share for ~$135MM. With this transaction, International Paper takes full ownership of three containerboard mills and four box plants, which made up Jari's former corrugated packaging assets. "This investment is in-line with our strategy to selectively grow our industrial packaging business globally in attractive markets and put capital to work that deliver returns above our cost of capital," said CEO John Faraci.
06:45 EDTOIOwens-Illinois receives EUR30M investment in its Alloa facility
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