Most dividend announcements are in the range of pennies to several dollars. However...
The PM40 closed 09 July 2010 at 1561.58, down 1.4% from the 25 June 2010 close, but up 5.6% from the 02 July 2010 close.
The PM40 closed 09 July 2010 up 78.5% compared to the 10 July 2009 level. Over the same period, the Rydex Equal-Weight S&P 500 Index was up 35.5%.
In this issue of Disconnected Comparisons, we evaluate R.R. Donnelley & Sons Company (RRD) and Verso Paper Corp. (VRS).
Reported insider trading reflects sales of 47,000 shares at an average price of USD 12.87 per share.
Metso and Myllykoski’s MD Plattling mill have signed a frame agreement outsourcing maintenance to Metso.
Metso will deliver a front-end system, comprising wood handling and fiber preparation system, for fiber board production to Berneck, Curitibanos, Santa Catarina state, Brazil.
Metso will supply a fine paper production line to APRIL Fine Paper (Guangdong) Co. Ltd., for the company’s mill in Xin Hui, Guangdong Province, China.
On 29 June 2010, Xuyong government in Luzhou, Sichuan, China, and Sichuan Yongfeng Pulp & Paper Co., Ltd signed a letter of intent for investment in a bamboo pulp integration project.
Corporate SEC Filings
Orient Paper, Inc., a manufacturer and distributor of diversified paper products in Hebei, China, provided an additional response to the allegations made by Muddy Waters LLC and initiates and investigation.
Sappi Southern Africa today announced that it would be consolidating its paper divisions.
Earnings & Dividends
Albany International Corp. will release 2010 second-quarter financial results after the close of the market on 04 August.
Buckeye Technologies Inc. has scheduled a conference call for 04 August 2010, at 10:00 a.m. Central Time to discuss fourth quarter and fiscal year 2010 results.
Canfor Corporation will hold a conference call on 30 July 2010 at 7:00 a.m. Pacific Time to discuss its second quarter 2010 financial and operating results.
Catalyst Paper Corporation will hold a conference call on 30 July at 8:00 a.m. Pacific Time to review the company's quarterly results.
Domtar Corporation will release its second quarter 2010 financial results on 30 July 2010.
Fraser Papers Inc. today reported financial results for the first quarter.
Glatfelter expects to issue financial results for the second quarter of 2010 on 03 August 2010.
International Paper today declared a regular quarterly dividend of USD 0.125 per share.
KapStone Paper and Packaging Corporation will release its 2010 second quarter earnings on 04 August 2010.
Louisiana-Pacific Corporation will announce its second quarter 2010 financial results 30 July 2010.
The McGraw-Hill Companies will issue its second quarter 2010 results on 23 July 2010.
NewPage Corporation will release its second quarter 2010 financial results on 05 August 2010.
Orchids Paper Products Company will release 2010 second quarter financial results on 28 July 2010.
Potlatch Corporation has declared a quarterly distribution of USD 0.51 per share.
Rayonier has declared a third quarter cash dividend of USD 0.50 per common share.
TimberWest scheduled second quarter conference call for 28 July 2010.
Verso Paper Corp. will report its financial results for the second quarter at 9:00 a.m. Eastern Time 11 August.
Wausau Paper will release 2010 second-quarter financial results on 26 July 2010.
Weyerhaeuser Company has declared a special dividend of USD 5.6 billion
Fortress Paper Ltd. has completed its previously announced bought deal offering.
Domtar Corporation and FPInnovations have formed a new joint venture company.
Fraser Papers Inc.announced today that the Ontario Superior Court of Justice has granted a further extension of creditor protection.
Mergers & Acquisitions
Appleton has entered into an agreement to sell its Performance Packaging operations to NEX Performance Films Inc.
Bemis Company, Inc. today announced that it has completed the sale of its discontinued operations to Exopack Holding Corp.
Canfor Corporation announced today that Howe Sound Pulp and Paper Limited Partnership has entered into an agreement to sell its assets to Paper Excellence B.V.
Quad/Graphics, Inc. announces that its acquisition of World Color Press Inc. is complete.
On 02 July, ARAUCO reopened its Horcones II saw mill.
Catalyst Paper announced it is permanently closing its Elk Falls paper mill and Coquitlam recycling facility.
Stora Enso will permanently close newsprint and directory paper production at Varkaus in Finland.
Tembec today provided an update regarding a fire at the company’s high yield pulp mill in Chetwynd, British Columbia.
Crews continue to mop up spot fires in hog pile and log yard at Tolko Industries Ltd.’s Armstrong Division.
It is said that a week is a long time in politics, and so it has proved in Australia.
As you read this, I am traveling across the United States in my trusty Honda CR-V.
Canfor Pulp Limited Partnership receives federal money to improve its environmental performance.
Cascades Lupel now manufactures felt paper with recycled fiber for use as backing by the sheet vinyl flooring industry.
Corner Brook Pulp and Paper pleaded guilty to violating the federal Fisheries Act.
Canada's investment of CAD 40.57 million in Daishowa-Marubeni International Ltd. is improving the company's environmental performance.
KapStone Charleston Kraft LLC, an unbleached Kraft paper and lumber producer, has upgraded its SFI fiber sourcing certification.
The Conservation Fund, the Minnesota Department of Natural Resources, and Blandin Paper Company (UPM) have completed a working forest conservation easement.
Uniboardä's Mont-Laurier, Quebec, manufacturing facility has been certified as meeting air emission standards by the Composite Panel Association
U.S. House of Representatives have urged the the U.S. Green Building Council to "accept all credible forest certification systems for qualification."