| Materials |
Market News
Weyerhaeuser (WY)
Weyerhaeuser Company Tuesday said it will convert to a real estate investment trust (REIT)structure, saying the conversion will position it to be more competitive in its timberlands business.
Analysts say the move to a REIT will cut Weyerhaeuser's tax burden and give its investors higher returns. The company would still trade on an exchange and would be required to pay out most income to shareholders.
Dec 15 · 10:29:00 AM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Weyerhaeuser (WY)
Weyerhaeuser Company Tuesday said its board of directors has approved amendments to the company's articles of incorporation to eliminate the company's classified board structure and remove existing super majority voting provisions. The board will ask shareholders to approve these amendments at Weyerhaeuser's annual shareholder meeting in April 2010. It will take a 66 2/3 percent favorable vote of the outstanding shares to approve the amendments. Shareholders will receive information on these proposals in the 2010 proxy statement to be mailed in February.
Dec 15 · 10:26:00 AM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Boise Cascade Holdings (BZ)
Boise Cascade Holdings Friday said it posted earnings of $26.2 million, up from a year-earlier loss of $207.6 million. The company said the latest quarter's results included $28.2 million of non-cash income associated with its equity investment in Boise, a paper-products maker, while the prior year had a $208.1 million write-down related to the investment. Sales dropped 20% to $579 million.
Nov 13 · 11:58:00 AM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Alcoa (AA)
Alcoa said Thursday that funding has been approved for the complete repair and refurbishment of its 50,000-ton forging press at the company’s Cleveland Works.
The project will help make the Cleveland Works operation a premier producer of large aluminum and titanium forgings for the defense, aerospace and industrial markets.
Nov 5 · 1:41:00 PM
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Dow Chemical (DOW)
U.S. Environmental Protection Agency is seeking public review of a proposed agreement with Dow Chemical that establishes a process for evaluating dioxin contamination in Saginaw Bay, the Tittabawassee and Saginaw rivers and their floodplains.
The agreement comes after months of confidential negotiations involving Dow, EPA and the state of Michigan, and represents the first proposed settlement between the Obama administration and the chemical giant responsible for contamination of Michigan’s largest watershed.
Nov 4 · 3:50:00 PM · Source: The Michigan Messenger
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
du Pont (DD)
DuPont announced that its Board of Directors has elected Chief Executive Officer Ellen Kullman, Chair effective December 31.
Charles O. Holliday, Jr. Chair, will retire from the Board after 11 years as its Chairman. Kullman became CEO effective January 1 after Holliday served as DuPont's CEO for 10 years.
Nov 4 · 1:06:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Alcoa (AA)
Alcoa has signed a cooperation agreement with Commercial Aircraft Corporation of China Ltd (COMAC) to help develop China's new passenger jet, the head of Alcoa's aerospace division said.
Oct 29 · 1:59:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Ball Corporation (BLL)
Ball Corporation today reported third quarter net earnings of $103.7 million, or $1.09 cents per diluted share, on sales of $1.97 billion, compared to earnings of $101.9 million, or $1.05 cents per diluted share, on sales of $2.01 billion in the third quarter of 2008.
Oct 29 · 10:34:00 AM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Previous · Next
Advertisement