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Stock Market & Financial Investment News

News Breaks
February 22, 2013
06:28 EDTRKTRockTenn says 15 box plants closed to date, 870 jobs cut
RockTenn said in investor day presentation slides that it closed 15 box plants to date and reduced full-time employees by 870. The company added that annualized run-rate savings of $27M at end of December 2012 has increased to $35M. RockTenn said annual synergies and performance benefits through Q1 were $42M, and that it expects expect $135M by the end of FY14. The company added that it will continue to seek "strategic, favorably priced acquisitions." RockTenn highlighted its improving earnings and cash flow. It sees FY14 free cash flow of $10.50-$11.50 per share assuming flat selling prices and 2% to 2.5% inflation on cost inputs from the end of FY13.
News For RKT From The Last 14 Days
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February 25, 2015
10:12 EDTRKTHigh option volume stocks
High option volume stocks: WBAI HDS ICON NWBO RGR GFI RKT TJX RSG LC
February 24, 2015
07:45 EDTRKTInternational Paper downgraded to Hold from Buy at Deutsche Bank
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February 23, 2015
07:49 EDTRKTFebruary fall in paper prices a modest negative, says Jefferies
Jefferies notes that according to PPW, unbleached kraft paperboard and solid unbleached sulfate prices fell modestly in February due to weak frozen food and beverage demand. The firm views the drop in SBS prices as a modest negative for RockTenn (RKT)/MeadWestvaco (MWV), Graphic Packaging (GPK) and International Paper (IP). It feels the impact should be limited, however, given the lag on the pass throughs in the converting business.
February 17, 2015
08:17 EDTRKTContainerboard bull Perry Capital trims stakes in RockTenn, KapStone
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