Paperclips Blog | International Paper Results

  • 05.10.2012

    ComScore: Online spending increases 17% to $44.3 billion in Q1

    Online U.S. retail spending reached $44.3 billion in first quarter 2012, up 17% versus a year ago, according to comScore’s Q1 2012 Retail survey. It was the tenth consecutive quarter of positive year-over-year growth and sixth consecutive quarter of double-digit growth.
     
    In other findings, 38% of tablet owners have made a purchase on their devices within the past month. Apparel was the most popular category for purchase among tablet shoppers.

    “The first quarter of this year was especially strong for retail e-commerce as we returned to year-over-year growth rates in the high teens, numbers we haven’t seen since 2007,” said comScore chairman Gian Fulgoni. “While the economic recovery continues to be painfully slow, the channel shift to e-commerce appears to be accelerating. This presents opportunities but also challenges for brick-and-mortar retailers if they can’t hold onto their offline market share in the digital world.”

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  • 05.10.2012

    Bare Necessities Launches Two Digital Catalogs

    Hoping to cash in on the burgeoning tablet commerce market, intimate apparel merchant Bare Necessities has launched two new digital catalogs designed specifically for a tablet shopping experience. They’re available via the free Google Catalogs and Catalog Spree tablet apps for both iPad and Android, and can be accessed on BareNecessities.com as well.

    The first new catalog is Bare Necessities' swimwear collection (29 pages), featuring brands such as SPANX, Elomi, Freya, and Fantasie. The second digital catalog highlights Bare Necessities' spring bra and lingerie collection from Wacoal (21 pages) designed for an interactive, tablet environment.

    Jay Dunn, chief marketing officer for Bare Necessities, believes today’s technology along with the popularity and interactivity of tablets such as the iPad and Kindle Fire will change the way customers shop from catalogs. Dunn started at Bare Necessities last July.

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  • 05.10.2012

    Digital Mag Store Magzter Aims for Global Reach

    While the U.S. tablet market still enjoys the bulk of device sales, Apple and other manufacturers are seeing surprising growth around the world. Publishers have the opportunity to leverage the international reach of tablets in new ways. One of the up and coming platforms in the space, Magzter, says it is seeing distribution and promotional success in a wide range of new places. “We had 25 titles four months ago and now we have 400,” says CEO Girish Ramdas. started last year with a core of Indian titles in its digital edition newsstand. “We should have 2,000 by the end of the year,” he says. It already handles a number of Hearst's international extensions of core U.S. brands.

    Magzter still has a way to go, of course. Zinio’s container app for digital editions is ranked as the 4th highest grossing app in the News category at the Apple iPad App Store, while Magzter is 80th. The company claims to have 100 standalone apps in the Newsstand, including the recently launched Columbia Journalism Review. Ramdas says they have had 2.5 million downloads of the app.

    While Ramdas is talking with multiple U.S. publishers about building both their domestic and international editions apps, he is seeing considerable growth overseas as Magzter enters the Asian, Chinese and Singapore markets. They will be launching Arabic versions soon. “We didn’t expect the Asian markets to have this many iPads and iPhones,” he says. The titles the company represents have seen good relations with Apple overseas, where they will be featured on the localized App Store.

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  • 05.10.2012

    St. Louis Area Printing Company, Nies/Artcraft, Consolidates Operations in New, Environmentally Aware Building

    After operating out of three sites for many years, St. Louis-based commercial printer Nies/Artcraft, a Consolidated Graphics, Inc. company, will consolidate two of its current facilities into a single, new location.  The company executed a lease on ­­April 2, 2012 for a new building located at 3049 Chouteau Avenue, St. Louis, MO, 63103.

    The building was designed and built by Clayco, and includes 103,519 square feet of flexible work space. Numerous locations were considered for the move, but one of the winning qualities of the Choteau location was its open layout. By having a completely open floor plan, Nies/Artcraft’s production management team was able to work with Clayco to create a layout specific to its work flow needs.

    “The benefits of being able to design a workspace, rather than having to try and fit your work into a space, are substantial. From providing estimates to shipping finished products out the door, the streamlined production workflow enabled by the Choteau facility will allow us to work much more efficiently,” said Nies/Artcraft President James Hill.  “Our facility consolidation will improve the way we collaborate with one another and with our clients, creating a great new customer experience. We are excited to be taking this step forward and looking forward to completing our move in September of this year,” he said.

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  • 05.10.2012

    Cenveo Announces First Quarter 2012 Results

    Cenveo, Inc. today announced results for the three months ended March 31, 2012.

    The Company generated net sales of $455.6 million for the first quarter of 2012, compared to $477.0 million in the first quarter of 2011. The decrease in net sales was primarily due to lower sales in our print and envelope product lines as a result of customer product launches in the first quarter of 2011 that did not repeat in the first quarter of 2012 and lower direct mail volumes from our financial services customers. The Company expects the direct mail market to strengthen in the second half of 2012. The Company’s custom label and specialty packaging products both displayed strong growth relating to customer wins and sales channel expansion.

    Operating income was $14.2 million in the first quarter of 2012, compared to $19.3 million in the first quarter of 2011. The decrease in operating income was primarily due to increased restructuring, impairment and other charges as a result of a print plant closure and other cost savings actions executed in the first quarter of 2012, offset in part by our lower cost structure due to the integration of our Envelope Product Group (“EPG”) acquisition and lower compensation related expenses. Non-GAAP operating income was $31.6 million in the first quarter of 2012, compared to $31.5 million in the first quarter of 2011. Non-GAAP operating income excludes integration, acquisition and other charges, stock-based compensation provision, restructuring, impairment and other charges.

    In the first quarter of 2012, the Company had a net loss of $27.2 million, or $0.43 per share, compared to net income of $2.8 million, or $0.04 per share in the first quarter of 2011. The results in the first quarter of 2012 include a loss on early extinguishment of debt, net of $10.6 million related to our recent debt refinancing and restructuring, impairment and other charges of $14.0 million as a result of a print plant closure and other cost savings actions executed in the first quarter of 2012, while the results in the first quarter of 2011 included a preliminary bargain purchase gain of $10.5 million related to the EPG acquisition and restructuring, impairment and other charges of $3.8 million. On a Non-GAAP basis, income from continuing operations was $3.3 million, or $0.04 per share, in the first quarter of 2012 as compared to $1.1 million, or $0.02 per share, in the first quarter of 2012.

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  • 05.10.2012

    Cascades reports improved results for the first quarter of 2012

    Cascades Inc., a leader in the recovery and manufacturing of green packaging and tissue paper products, announces its financial results for the three-month period ended March 31, 2012.

    In comparison with the same period last year, sales rose by 15% to $891 million as of result of higher selling prices, the net contribution of business acquisitions over divestitures and the full consolidation of the results of Reno de Medici (“RdM”) since Q2-2011 that more than offset lower volumes.

    The above-mentioned factors combined with lower raw material costs resulted in operating income, excluding specific items, amounting to $26 million compared to $1 million in Q1-2011. On a segmented basis, our Containerboard sector posted similar profitability. Our Tissue Papers and Specialty Products sectors surpassed 2011 first quarter's results due to improved productivity and lower recycled fiber costs. Our Boxboard sector in Europe benefited from the full consolidation from RdM since Q2-2011. When including specific items, the operating income amounted to $29 million in comparison to a loss of $6 million in the same period of last year.

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  • 05.10.2012

    Oil Falls a Seventh Day, Longest Run of Losses Since 2009

    Oil fell for a seventh day in New York, its longest run of declines since December 2009, as hopes for a solution to Europe’s debt crisis receded, U.S. supplies rose and Chinese imports fell.

    West Texas Intermediate oil fell as much as 0.7 percent. Crude inventories rose 3.7 million barrels last week to 379.5 million, the highest level since 1990, even as fuel supplies shrank, Department of Energy data showed. The euro pared gains against the dollar as Greece struggled to form a government and the cost of insuring against a Spanish debt default increased to a record. China, the world’s second-biggest oil consumer, reduced net crude imports to the least in fourth months.

    “Prices have come down amid further Europe jitters, the stronger dollar, an absence of additional bad news in the Iranian situation and lower Chinese imports,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. “But for WTI at least the drop might have been overdone.”

    WTI for June delivery fell as much as 66 cents to $96.15 a barrel in electronic trading on the New York Mercantile Exchange and was at $96.24 at 10:56 a.m. London time. The contract yesterday slid 20 cents to $96.81, the lowest close since Feb. 2.

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  • 05.10.2012

    Kohl's Corporation Reports First Quarter Financial Results

    Kohl’s Corporation today reported results for the quarter ended April 28, 2012.

    Kohl’s Corporation reported first quarter net income of $154 million ($0.63 per diluted share) compared to $201 million ($0.69 per diluted share) a year ago. Net sales were $4.2 billion, an increase of 1.9 percent for the quarter. Comparable store sales for the quarter increased 0.2 percent.

    Kevin Mansell, Kohl’s chairman, president and chief executive officer, said, “Our first quarter results reflect the implementation of our strategy to initiate lower pricing in order to provide greater value to our customers. This planned action led to significantly lower gross margins for the quarter. Strong management of expenses allowed us to achieve our earnings goal for the quarter. We have accelerated new receipts into second quarter to ensure we are well-positioned from an inventory perspective for the Back-to-School season. The combination of these two actions should allow us to greatly improve our sales for the fall season.”

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  • 05.10.2012

    Neenah Paper Reports 2012 First Quarter Results

    Neenah Paper, Inc. today reported adjusted earnings from continuing operations of $0.77 per diluted common share in the first quarter of 2012 compared to adjusted earnings of $0.54 per share in the first quarter of 2011. Excluding adjustments, earnings in the first quarter of 2012 of $0.54 per share compared to earnings of $0.45 per share in the prior year period. Items excluded from adjusted earnings in 2012 totaled $0.23 per share for a pension settlement charge and costs to integrate brands purchased from Wausau Paper Corp. on January 31. In 2011, adjusted earnings excluded $0.09 per share for costs associated with the early redemption of a portion of the Company’s long-term bonds. Adjusted earnings are reconciled to GAAP figures later in this release.

    Net sales of $198.2 million in the first quarter of 2012 grew 15 percent compared with the first quarter of 2011, while adjusted operating income of $22.2 million increased 29 percent. Operating income increased in both Technical Products and Fine Paper as a result of higher net pricing and cost efficiencies, with Fine Paper further benefitting from higher volumes related to the purchased brands.

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  • 05.10.2012

    Resolute and Fibrek Cooperating for Smooth Transition

    AbitibiBowater Inc., doing business as Resolute Forest Products, today announced that Fibrek Inc. and Resolute are cooperating on an orderly transition to Resolute's effective control. The goal for both parties is to minimize any disruption to Fibrek's key relationships, including its employees, customers, suppliers and other partners.

    Following the filing of Fibrek's first quarter 2012 consolidated interim financial statements with the Canadian securities authorities, it announced that each member of the board had stepped down, effective immediately. Resolute is pleased to announce that the principal members of Fibrek's outgoing management team, including Pierre Gabriel Côté, chief executive officer, and Patsie Ducharme, chief financial officer, have agreed to assist in the transition process as special advisors until May 31, 2012.

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  • 05.10.2012

    Ahlstrom announces price increases for its Label and Processing papers worldwide

    Ahlstrom, a global high performance materials company, announces price increases on its specialty paper materials produced by the Label and Processing business area, as a consequence of the recent rises in raw material and energy costs.

    The price increase will affect all Label and Processing products worldwide and will be effective for all shipments made as of June 1, 2012. The increase range will vary depending on the products and markets. Specific details will be discussed with each customer individually.

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  • 05.10.2012

    New Strategy to Preserve the Nation’s Smallest Post Offices

    The U.S. Postal Service announced a new strategy today that could keep the nation’s smallest Post Offices open for business, while providing a framework to achieve significant cost savings as part of the plan to return the organization to financial stability.
     
    The plan would keep the existing Post Office in place, but with modified retail window hours to match customer use. Access to the retail lobby and to PO Boxes would remain unchanged, and the town’s ZIP Code and community identity would be retained.
     
    “Meeting the needs of postal customers is, and will always be, a top priority. We continue to balance that by better aligning service options with customer demand and reducing the cost to serve,” said Postmaster General and CEO Patrick R. Donahoe. “With that said, we’ve listened to our customers in rural America and we’ve heard them loud and clear – they want to keep their Post Office open. We believe today’s announcement will serve our customers’ needs and allow us to achieve real savings to help the Postal Service return to long-term financial stability.”
     
    The new strategy would be implemented over a two-year, multi-phased approach and would not be completed until September 2014. Once implementation is completed, the Postal Service estimates savings of a half billion dollars annually.

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  • 05.09.2012

    RDA Holding Co. Announces Results for the First Quarter Ended March 31, 2012

    RDA Holding Co., parent company of The Reader’s Digest Association, Inc., the global multi-brand and multi-platform media and direct marketing company, announced today its financial results for the first quarter ended March 31, 2012.

    Revenue decreased $42.0 million to $241.8 million, a decline of 14.8% from the 2011 quarter (a decrease of 17.6% on a constant currency basis and excluding fair value adjustments). The revenue declines were primarily due to continued softness in our international businesses, the sale of the Every Day with Rachael Ray (EDWRR) publication, and declining renewals on certain of our publications in our North America publishing business.

    First quarter 2012 operating loss increased $2.7 million, or 5.0%, to $56.8 million, from the 2011 quarter. The increase in operating loss was primarily the result of declining revenue, as described above. This was partially offset by headcount reductions relating, in part, to our 2011 restructuring initiatives.

    EBITDA for the quarter was negative $37.7 million, compared to negative $15.7 million from the 2011 quarter, which has been adjusted to exclude discontinued operations, as well as the (EDWRR) publication, which we sold in October 2011.

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  • 05.09.2012

    Avery Dennison Introduces Supreme Wrapping Film in more than 30 Colors and 3 Finishes

    Avery Dennison Corporation has developed a new product line, Supreme Wrapping Film, that is wrapped around a vehicle’s exterior to change the color of the car while protecting the original paint job.

    The new Avery Dennison product line is available in more than 30 colors, ranging from White Pearlescent to Matte Black, Orange and Grass Green, and a variety of finishes and textures, such as gloss, matte and metallic. Supreme Wrapping Film is similar to paint for vehicles and trucks. The films boast a durability of six to twelve years, depending on the finish and application.

    “In many cases, wrapping a car is more affordable than a custom paint job,” said Troy Downey, at APE Wraps, a CarWraps.net listed company, based in San Diego. “Custom designs and colors for cars and trucks have been growing in popularity. They provide the wow factor and are easier to maintain.”

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  • 05.09.2012

    Wiley Acquires Higher Education Publisher Harlan Davidson Inc.

    John Wiley & Sons, Inc, announced today the acquisition of Harlan Davidson Inc. (HDI), a small family-owned publishing company in Wheeling, IL. The acquisition builds on Wiley’s existing high quality American History portfolio, and strengthens growing curriculum areas such as World History, Atlantic History and State History. The terms of the acquisition were not disclosed.
     
    HDI titles are used by undergraduates in four- and two-year institutions.  More students around the world will have access to them as a result of Wiley’s extensive sales and marketing operations and strong relationships across the US and internationally. Wiley’s digital innovation and expertise will also provide the opportunity to offer HDI’s high quality content to a more diverse and wider market online.

    Harlan Davidson’s audience and focus is a perfect complement to our own.  We already have relationships with a significant proportion of HDI’s authors and feel that this is a natural extension of our work in the field of history to date,” said Steve D. Smith, VP & Books Publishing Director, Social Sciences & Humanities, Wiley-Blackwell. “As a larger business with founding family involvement, we will be well placed to continue to offer HDI authors the highly personalized service to which they are accustomed, but at the same time expose their books to the broader and digital markets to which we have access.”

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  • 05.09.2012

    UPM Becomes a Member of Cleantech Finland

    UPM has signed a member agreement with Cleantech Finland. UPM believes that cleantech cooperation will support implementation of the company's Biofore strategy as a frontrunner of the new forest industry. 
     
    “UPM is a leading producer of biomaterials and renewable energy. Our products are based on renewable raw materials, are recyclable and carbon-binding in addition to providing a bio-based alternative to non-renewable materials. Our strategy and innovations are based on sustainable development leading to a low-carbon bioeconomy. Thus, UPM is essentially a cleantech company,” says Hans Sohlström, UPM’s Executive Vice President for Corporate Relations and Development.
     
    As the Biofore company, UPM is committed to reducing the environmental impacts of its products and operations throughout their lifecycle. Sustainable products, climate, water, forest and waste are key areas of UPM’s environmental responsibility. The company is constantly striving to improve its environmental performance and achieve the long-term targets set for 2020.
     
    “The core of cleantech cooperation involves networking with players in the industry, and cooperation will allow us to put new technological innovations into use more quickly and cost-effectively. Cleantech Finland membership supports our goals and implementation of the Biofore strategy,” says Hans Sohlmström.

    The Cleantech Finland network comprises nearly 100 Finnish companies that focus on environmental business. UPM is the first forest company to join the Cleantech family, which already includes many large Finnish companies Kemira, Outokumpu, Metso, Wärtsilä, Vacon, Outotec, Ruukki, Pöyry, Neste Oil and Fortum.

    Cleantech Finland links leading cleantech experts and channels Finnish expertise to meet global demand. A new feature of the network is the SOLVED expert service, which brings together companies, customers and other stakeholders, problems and solutions to them on a single platform that makes it possible to utilize completely new operating methods and forms of cooperation.

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  • 05.09.2012

    Torstar Corporation Reports First Quarter Results

    Torstar Corporation today reported financial results for the first quarter ended March 31, 2012.

    Highlights for the quarter: Revenue was $350.8 million in the first quarter of 2012, down $0.6 million from $351.4 million in the first quarter of 2011. Excluding acquisitions and the impact of foreign exchange, revenues were down $11.0 million or 3.1% in the first quarter. EBITDA (see “non-IFRS measures”) was $40.2 million in the first quarter of 2012, down $1.5 million from $41.7 million in the first quarter of 2011.

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  • 05.09.2012

    Sun Chemical to Raise Prices on Inks and Coatings in the United States and Canada

    Faced with continued volatility in the global supply chain and increases in the costs of certain raw materials, Sun Chemical will raise prices on June 1, 2012 in the United States and Canada by at least: 4 percent for all screen products, 7 percent for all white inks, 3 percent for all non-white liquid products, 3 percent for all energy curable products, and $0.04 per pound on all coldset products.

    “We have seen unrelenting cost increases for raw materials such as water-based acrylics, energy curing resins, distillates, ink oils and titanium dioxide, which has another price increase announced for July 1st,” said Charles Murray, President of North American Inks, Sun Chemical. “While we continue to work closely with our supply chain partners to deliver products with the highest-possible value and enhanced competitive edge for our customers, we simply cannot offset the drastic raw material price increases this year across all our product lines.”

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  • 05.09.2012

    Consolidated Graphics Reports Financial Results for the Quarter and Year Ended March 2012

    Consolidated Graphics, Inc. today announced financial results for its fourth quarter and year ended March 31, 2012.

    Revenue for the March quarter was $250.6 million, a $7.6 million or 2.9% decrease compared to the prior year quarter.  The decline in revenue compared to the prior year quarter was due to a 4.8% decline in same-store sales, partially offset by sales growth related to acquisitions and an increase in election-related business.  Adjusted Operating Income for the March 2012 quarter was $6.0 million or 2.4% of revenue, compared to $17.7 million or 6.9% of revenue last year.  Adjusted Net Income was $2.9 million, or $.28 per diluted share for the quarter, compared to Adjusted Net Income of $9.8 million or $.85 per diluted share for the prior year quarter. Adjusted EBITDA was $25.0 million for the March 2012 quarter and $122.9 million for fiscal year 2012.

    Operating loss, which included $11.5 million in charges related to withdrawing from multiemployer pension plans and $2.0 million in long-lived asset impairment charges, was $8.3 million for the March 2012 quarter. Operating income for the prior year quarter was $16.4 million and included long-lived asset impairment charges of $.5 million. Net loss for the March 2012 quarter was $5.9 million or $.57 diluted loss per share, compared to $8.9 million or $.78 diluted earnings per share last year.

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  • 05.09.2012

    EPSON and Neenah Offer World’s First Inkjet Solution Compliant to BS 5609 Chemical Labeling Specification

    Epson America, Inc. and Neenah Paper, Inc. announced today that two EPSON® inkjet printers with Neenah inkjet KIMDURA® label media for harsh environments have achieved International Maritime Dangerous Goods BS 5609 certification, a key standard for the Global Harmonizing System (GHS) being adopted for most chemical labeling around the world. The joint offering marks the world’s first BS 5609-certified solution using color inkjet printing technology, allowing chemical and pharmaceutical companies to print GHS labels for a fraction of the cost as compared to four-color thermal transfer or laser solutions meeting the same standard. In addition, manufacturers using this new solution will be able to reduce errors and labor costs while increasing productivity by moving labeling closer to manufacturing and shipping.

    The certified inkjet technology solution includes two EPSON printers, the TM-C3400 and B-510DN models, used exclusively with KIMDURA® Ink Jet for Harsh Environments. “We currently offer BS 5609-certified labels for thermal transfer and laser printed labeling methods, and now we support two EPSON inkjet printers with our extremely durable KIMDURA® brand,” commented Michael O’Connell at Neenah Paper, Inc. “Inkjet technology provides a cost effective alternative to current solutions, and companies can deploy the same, standardized solution worldwide, with the global support of both Neenah and Epson.”

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  • 05.09.2012

    Magazines Dominate Top Earners In Key iPad Categories

    The introduction of the iOS Newsstand less than a year ago has changed the face of the iPad app economy and increased the rank and visibility of magazine brands considerably. A look at this week’s top grossing titles in the iPad App Store Lifestyle section shows that nine of the top ten highest grossing apps are from magazine publishers, and eight of the ten are digital editions of magazines. In fact, in this category, which is so rich in service magazine presence, we count 34 of the top 50 grossing apps as tablet editions of magazines. The usual caveats apply. In any given week in the app store the relative ranks of individual titles will rely heavily on the release schedule of their new monthly number. Next week’s list will show a much different rank order. In fact there has already been a slight shift in some rank orders between our Tuesday May 8 spot check and a Web. May 9 refresh. Nevertheless, the sheer dominance of magazine content in revenue generation in the app store is notable.

    Top Grossing iPad Lifestyle Apps (as of May 8): 1. Creston Mobile Pro G  2. Cosmopolitan  3. GQ  4. Glamour  5. Allrecipes – Your Kitchen Inspiration  6. Food Network Magazine  7. Bon Appetit  8. Maxim+ Magazine  9. O The Oprah Magazine  10. Esquire iPad Edition  11. Food Network Cupcakes  12. How To Cook Everything  13. Food & Wine  14. Martha Stewart Living Magazine  15. Better Homes & Gardens

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  • 05.09.2012

    Fewer stores, more digital shoppers

    For the top executive of a major home improvements chain with nearly 1,800 stores in the U.S., Canada and Mexico, Lowe’s Cos. Inc. CEO Robert Niblock spends a lot of time talking about e-commerce these days. And with good reason.
     
    In 2011 online sales for Lowe’s, No. 47 in the 2012 Internet Retailer Top 500 Guide, grew year over year 70%, while comparable-store sales for the chain’s bricks-and-mortar loca­tions were flat. Last year the web was the fastest-growing channel for Lowe’s, with online sales that reached an Internet Retailer-estimated $510 million from $300 million in 2010. In comparison, total sales increased about 2.9% to $50.20 billion from $48.81 billion in 2011
     
    To grow its web business in 2011 and going forward, Lowe’s made several improvements to its e-commerce site, including rolling out MyLowes.com, a new interac­tive suite of tools that gives shoppers more customized ways to create and store room designs, check out avail­able inventory across stores and the web, and create and store folders and lists to organize products, projects and ideas.

    Lowe’s has big plans in mind for e-commerce, and it’s hardly alone among the largest chain retailers ranked . That’s because consumers increas­ingly see less need to hit shopping malls and physical stores as they shift more of their shopping online, use more Internet-enabled mobile devices such as smartphones or tablets to check prices and buy, and cull product information and opinions from social media channels such as Facebook.

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  • 05.09.2012

    comScore Launches Smartphone Metrics Service

    Digital analytics provider comScore has extended its media measurement services to the smartphone with the launch of Mobile Metrix 2.0.
     
    The service aims to give publishers and advertisers a more accurate, detailed view of a brand’s unduplicated mobile audience size and demographics, in both apps and browsers. This is powered by comScore’s “Unified Digital Measurement” methodology, which combines on-device metering with what comScore calls “census-level data” collected through its panel—about 2 million worldwide consumers whose digital behavior is continuously measured.
     
    Mobile Metrix 2.0 can also segment consumer activity across iOS, Android and RIM platforms to help publishers see how their mobile web and app audiences vary across operating systems.
     
    According to data so far collected, browser and app audiences are similar in terms of size but vary widely in terms of engagement, with every 4 in 5 minutes spent with mobile media coming through apps.
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  • 05.09.2012

    Flint Group announces OmniLam™ PT, a new series of solvent flexo lamination whites for the North American Flexible Packaging Market.

    Lamination whites need to have good opacity, bond strength, and excellent print characteristics for structural and aesthetic purposes; while offering excellent value.  The OmniLam™ PT series of lamination whites delivers these attributes at a value that aligns with this market segment’s requirements.  These solvent flexo lamination whites provide excellent technical performance while delivering exceptional value to customers.

    “The OmniLam™ PT series of whites is Flint Group’s latest generation of lamination whites.  This new series continues on the market success of Flint Group’s Polartek™ series of lamination whites”, says John Gaber Product Manager Film & Foil, Packaging and Narrow Web North America.

    Flint Group is introducing three specific whites each with its own value proposition.  We realize that printers have different requirements and we feel we have addressed various needs through three key lamination white products.

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  • 05.09.2012

    Great Northern Paper receives FSC certification

    Great Northern Paper Company, LLC, (GNP) announced that it has received a Forest Stewardship Council (FSC) certification.

    FSC certification recognizes that wood products used in GNP’s papermaking process are harvested using certified responsible forestry management practices. The chain-of-custody certification addresses GNP’s ability to track certified products throughout its inventory and distribution processes.

    "Great Northern Paper has a long-standing commitment to sustainable operations and responsible forestry management practices," said Richard M. Cyr, GNP President and CEO. “To officially be certified by the FSC further demonstrates our pledge to continue being responsible stewards of our natural resources.

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  • 05.09.2012

    Catalyst Paper announces three-day extension for Creditor meetings to consider Plan of Arrangement

    Catalyst Paper today announced a three-day extension for the meetings of its secured and unsecured creditors to consider the plan of arrangement under the Companies’ Creditors Arrangement Act.  The meetings, previously scheduled for May 15, 2012, will now be held on May 18, 2012.
     
    “We have been in ongoing discussions with creditors and other stakeholders regarding the proposed restructuring plan and a further extension of the meeting date will allow these discussions to progress. Together with our advisors, we are working non-stop to implement the consensual deal that will enable Catalyst to emerge from creditor protection on stronger financial footing and with a more viable enterprise overall,” said Kevin J. Clarke, President and Chief Executive Officer.

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  • 05.09.2012

    Crude Oil Falls for Sixth Day in Longest Drop Since 2010

    Oil fell for a sixth day in New York, the longest run of declines in almost two years, after crude stockpiles increased in the U.S., the world’s largest consumer of the commodity.

    Futures slid as much as 0.9 percent after dropping 8.6 percent in the past five days. U.S. inventories climbed 7.8 million barrels last week to 378 million, the highest level since August 1990, the American Petroleum Institute said yesterday. A government report today may show supplies rose 2 million barrels, according to a Bloomberg News survey. Crude is poised to rebound as global refiners increase purchases, Societe Generale SA said in a report.

    “U.S. inventory levels are preventing oil having the traditional dead-cat bounce after such a steep fall,” said Christopher Bellew, a senior broker at Jefferies Bache Ltd. in London who predicts prices will recover this month. “The lows we’ve seen this week will probably hold, and crude will likely rise as buying by funds and weakness in the dollar assist with a recovery.”

    Crude for June delivery fell as much as 82 cents to $96.19 a barrel in electronic trading on the New York Mercantile Exchange and was at $96.30 at 10:53 a.m. London time. It slipped 1 percent yesterday to $97.01, the lowest close since Feb. 6. Front-month prices are down 2.6 percent this year.

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  • 05.09.2012

    Bertelsmann records significant profit hike in Q1-2012

    Bertelsmann, the international media company, is off to a good start in 2012: the Group reports increased first-quarter revenues, operating EBIT and group profit. Revenues generated by Bertelsmann’s continuing operations during the reporting period increased by five percent to €3.64 billion (prior year: €3.46 billion), while operating EBIT increased from €248 million in Q1/2011 to €280 million. Return on Sales was 7.7 percent (prior year: 7.2 percent). Group profit increased significantly to €147 million (prior year: €94 million).

    Bertelsmann Chairman & CEO Thomas Rabe comments: “Bertelsmann started the new year on a high note. All of our divisions including Corporate Investments are seeing growth, and our earnings performance is also very gratifying. This underscores the good starting position that Bertelsmann has established for its planned long-termed reshaping into a faster-growing, more digital and more international company. Looking at the full year, we are confident of achieving our target of moderate revenue growth, stable operating EBIT at a high level, and increased group profit.”

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  • 05.09.2012

    Holmen Interim report January-March 2012

    Profit after tax for January-March 2012 was SEK 389 million (January-March 2011: SEK 370 million).

    Earnings per share reached SEK 4.6 (4.4). Return on equity totalled 7.9 per cent (8.8).

    Operating profit reached SEK 560 million (558). Earnings from forest and energy increased while the lower outcome from currency hedges had a negative impact on printing paper and paperboard.

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  • 05.09.2012

    Kohl’s Department Stores Releases 2011 Corporate Social Responsibility Report

    Kohl’s Department Stores today released its 2011 corporate social responsibility (CSR) report, providing updates on the company’s programs and accomplishments in sustainability, community relations and social compliance. It is available for download on Kohl’s Investor Relations page under Corporate Governance and on KohlsGreenScene.com. While the company has for several years posted a Report to Shareholders on Social Responsibility on its Investor Relations page and last year released a corporate sustainability report, this marks the company’s first formal, comprehensive social responsibility report.

    “Kohl’s has a longstanding commitment to social responsibility with the goal of making a positive impact on the customers and communities we serve and the environment we share,” said Kevin Mansell, Kohl’s chairman, president and chief executive officer. “It is our hope that this report demonstrates this commitment and continues to serve as a resource each year on the advancement and integration of our CSR efforts – from our Kohl’s Cares programs to our social compliance efforts and ongoing collaboration with our suppliers.”

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  • 05.09.2012

    Macy's, Inc. Reports First Quarter Earnings

    Macy's, Inc. today reported significantly increased sales and earnings for the first quarter of 2012, the 13-week period ended April 28, 2012. Earnings for the quarter were 43 cents per diluted share, an increase of 43 percent compared with 30 cents per diluted share in the same period last year.
     
    "The momentum in our business at Macy's and Bloomingdale's continued to build in the first quarter, with sales and earnings that exceeded our expectations going into the year. The quarterly data clearly demonstrates the strength of our results as we continue to implement our key strategies - My Macy's merchandise localization; omnichannel integration of stores, online and mobile; and MAGIC Selling for enhanced customer engagement," said Terry J. Lundgren, Macy's, Inc. chairman, president and chief executive officer.

    Sales in the first quarter of 2012 totaled $6.143 billion, an increase of 4.3 percent, compared with sales of $5.889 billion in the same period last year. On a same-store basis, Macy's, Inc.'s first quarter sales were up 4.4 percent in 2012 over 2011.
     
    Online sales (macys.com and bloomingdales.com combined) were up 33.7 percent in the first quarter of 2012. Online sales are included in the same-store sales calculation for Macy's, Inc. and positively affected the company's same-store sales by 1.5 percentage points in the first quarter.

    Macy's, Inc.'s operating income totaled $391 million or 6.4 percent of sales for the first quarter of 2012, compared with $330 million or 5.6 percent of sales for the same period in 2011.

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  • 05.08.2012

    Consolidated Graphics Purchases 10 HP Indigo 10000 Digital Presses

    HP today announced that Consolidated Graphics (CGX), one of the largest commercial print service providers, offering the world’s largest integrated digital printing footprint, has purchased 10 HP Indigo 10000 digital presses.
     
    HP and CGX officials disclosed the purchase agreement during the drupa tradeshow in Düsseldorf, where HP is showing the HP Indigo 10000 model press—the first B2-format (750 mmx340 mm/29.5x20.9") sheetfed HP Indigo solution—publicly for the first time. CGX will begin installing the presses at locations throughout its 70-company network when the HP Indigo 10000 becomes commercially available in early 2013.
     
    In addition to the 10-press purchase, Nies/Artcraft, a CGX company specializing in high-quality, targeted direct marketing services, will be a beta user for the HP Indigo 10000, receiving an early production unit later this year.
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  • 05.08.2012

    Wiley-Blackwell Announces New Publishing Partnership with The Obesity Society

    Wiley-Blackwell, the scientific, technical, medical, and scholarly publishing business of John Wiley & Sons, Inc., today announced that it has been selected by The Obesity Society (TOS) to publish their journal, Obesity.

    Wiley-Blackwell will begin publishing Obesity, the largest society-owned journal in the field, on January 1, 2013. Currently in its 20th volume, the journal will be edited by Dr. Eric Ravussin, Director of the Nutrition and Obesity Research Center, and Douglas L. Gordon Chair in Diabetes and Metabolism, and Dr. Donna Ryan, Professor Emeritus, at the Pennington Biomedical Research Center in Baton Rouge, LA.
     
    Publishing 12 times a year, Obesity covers all aspects of obesity, from basic research into the causes and nature of the disease to clinical research into prevention and treatment, including nutritional, behavioural, and psychological studies.

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  • 05.08.2012

    Walgreens Completes Acquisition of BioScrip's Community Specialty Pharmacies and Centralized Specialty and Mail Service Pharmacy Businesses

    Walgreen Co. today announced that it has completed its acquisition of certain assets of BioScrip, Inc.’s community specialty pharmacies and centralized specialty and mail service pharmacy businesses.

    The transaction represents a total deal value of approximately $225 million. Taking into account events that occurred between signing and closing of the transaction, up to an additional $16 million in purchase price may be payable based on events related directly or indirectly to Walgreens retention after the closing of certain business included in the transferred businesses. The acquisition fits the company’s “Well at Walgreens” strategy as it advances community pharmacy and brings additional specialty pharmacy products and services closer to patients. The acquisition also will help grow Walgreens centralized specialty and mail service pharmacy operations.

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  • 05.08.2012

    Talbots Receives Proposal from Sycamore Partners to Acquire All Outstanding Common Stock

    The Talbots, Inc. today announced that its Board of Directors has received a non-binding proposal from Sycamore Partners to acquire all of the Company's outstanding common stock for $3.05 per share. In addition, the Company today announced that it has entered into an exclusivity agreement with Sycamore Partners in connection with the non-binding proposal, which will terminate on May 15, 2012.

    The Board continues to evaluate strategic alternatives, including Sycamore Partners' proposal, consistent with its fiduciary duties to act in the best interest of the Company's stockholders. The Board is being advised in this process by its financial advisor, Perella Weinberg Partners, and legal advisor, White & Case LLP, with a team of attorneys led by Morton A. Pierce.

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  • 05.08.2012

    Packsize Introduces iQ FUSION

    Packsize International LLC, the leading provider of On Demand Packaging™, today announced the availability of the iQ FUSION™, the company's first generation in a new series of corrugated converting machines. Introduced at the WERC/Wire Conference in Atlanta this week, the compact and intelligent design of the iQ FUSION™ gives Packsize the ability to reach a broader set of customers that want to reduce the time and cost of their packaging operations.

    With a working footprint of only 48 square feet and few management requirements, the iQ FUSION™ can be placed in just about any pack line, requires no capital investment, and uses corrugated z-Fold™ for the box-making process. The Packsize EM7-25, recognized last week with an Innovation Award, will continue to be the best choice for customers with larger box-size needs.

    One of the crucial functions for companies that manufacture and distribute product is the ability to pack and ship their items in a highly efficient and resourceful manner.  According to a recent study conducted by Peerless Research Group, more than four out of five respondents asserted that the packaging process is considered a highly important aspect of their materials handling operation.

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  • 05.08.2012

    Arjowiggins Graphic to Hike Price for CWF Papers by 6-8%

    Arjowiggins Graphic said that due to continuing increases in costs of raw materials, energy and transport, it will implement a price increase for its coated woodfree (CWF) papers in an effort to offset the rising input costs.

    "As a consequence of the adverse conditions we are facing, we find it unavoidable but to announce a price increase of 6 to 8% for our CWF paper range in both sheets and reels for deliveries effective from June 2012 onwards," the company said in a statement.

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  • 05.08.2012

    Boston Scientific boxes savings by producing shippers on demand

    With so many developments in both medical technology and packaging systems, it’s easy to overlook corrugated shippers. But that’s not at all the case at Boston Scientific Intl.’s European Distribution Center in Kerkrade, Netherlands, where the company ships more than 3,500 boxes containing about 28,000 products each day. These medical devices are shipped globally, with 70% going directly to hospitals and 30% to customer distribution centers.

    Making sure the distribution process is efficient and cost-effective is a challenge that the company is meeting with the help of three machines from Packsize Intl. LLC. The equipment utilizes Packsize’s On Demand Packaging™, a technology-enabled corrugated box production process that helps Boston Scientific select the most appropriate box size for the medical device to be shipped, then makes the box, with options for quantity, size, and style. That means Boston Scientific no longer has to stock excess box inventory and can make boxes to match shipments on a just-in-time basis.

    Before implementing the Packsize system in June 2011, Boston Scientific stocked more than 50 different box sizes that needed to be ordered five months in advance of production. “Our box inventory took up significant warehouse space,” says Frank Moonen, director of operations at Boston Scientific, Kerkrade. “And despite this broad inventory, we never had the right-sized box, forcing us to ship a lot of air and additional packaging fillers.”

    Boston Scientific integrated three Packsize converting machines with its Warehouse Management System in Kerkrade. “Now, with each order, the system calculates the perfect box dimension and sends this data to one of the Packsize machines, which then cuts the required box. Another crucial deciding factor for us was that the packaging system we selected met our ‘takt time’ requirements,” says Moonen.
     
    He describes “takt time” as the company’s required speed to meet Lean principles and allowing warehouse picking and packaging at a certain speed per hour. “It is important that the machines can deliver boxes according to our internal picking speed,” says Moonen. “If that were not possible, then we could not finish orders all of the time. Packsize helped us accomplish our strategic goals by reducing our shipping damages and saving us freight, [paper]board, and storage costs.”

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  • 05.08.2012

    OfficeMax Reports First Quarter 2012 Financial Results

    OfficeMax® Incorporated, a leader in office supplies, technology and services, today announced the results for its fiscal first quarter ended March 31, 2012.

    Total sales were $1,872.9 million in the first quarter of 2012, an increase of 0.5% from the first quarter of 2011. For the first quarter of 2012, OfficeMax reported operating income of $17.8 million, compared to $28.6 million in the first quarter of 2011, and net income available to OfficeMax common shareholders of $4.9 million, or $0.06 per diluted share, compared to $11.4 million, or $0.13 per diluted share, in the first quarter of 2011.

    Results for the first quarter 2012 include charges recorded in our Retail segment related to store closures in the U.S. The effect of these charges reduced operating income by $25.3 million, and net income by $15.4 million, or $0.18 per diluted share. Excluding this item, adjusted operating income in the first quarter of 2012 was $43.1 million, or 2.3% of sales, an increase of 51% from $28.6 million, or 1.5% of sales, in the first quarter of 2011. Adjusted net income available to OfficeMax common shareholders in the first quarter of 2012 was $20.3 million, or $0.23 per diluted share, compared to $11.4 million, or $0.13 per diluted share, in the first quarter of 2011.

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  • 05.08.2012

    Frederick’s of Hollywood exploring possible sale

    Frederick's of Hollywood Group Inc. has retained Allen & Co. LLC, a New York-based investment bank, to assist the retailer in evaluating and exploring a broad range of strategic alternatives, including a sale of the company or a business combination.
     
    “Over the past few months, the Board has received several inquiries regarding various transactions,” said Thomas Lynch, the company's chairman and CEO. “We believe it is an appropriate time to formalize the process by engaging a world-class advisor that can assist us in identifying and reviewing a wide array of strategic alternatives that can maximize value for our shareholders.”
     
    Frederick's of Hollywood sells women's intimate apparel, swimwear and related products under its proprietary Frederick's brand through 117 specialty retail stores, a catalog and online.
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  • 05.08.2012

    Survey: Consumers want retailers to integrate channels

    More than 80% of U.S consumers more likely to become loyal customers to retailers that provide an integrated experience across channels, according to a study by Hybris, a multichannel commerce and communication software provider. In other findings, high shipping costs are the biggest deterrent to online purchases, while easy navigation and simple checkout are the biggest factors influencing purchases.
     
    The Multichannel Shopping Survey found that the importance of online and mobile strategies continue to increase, with more than a third of consumers (39%) reporting that they make more purchases online than in-store. Looking ahead, 46% of consumers plan to increase their online shopping during the 2012 holiday season. 

    Even while shopping in a brick-and-mortar store, consumers turn to digital channels with 19% reporting that they browse their mobile device while in-store. The vast majority do so to compare prices (66%), with others using mobile to compare product choices (27%) and read online recommendations (7%).

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  • 05.08.2012

    Top 5 Likes: Facebook's Most Popular Magazines Gather Fans

    In our first survey of magazine brands on Facebook in this week’s issue of min, we find at least five major titles cracking the million “like” milestone. Cosmo knows how to attract attention, with 1.7 million fans on the social network. As we recount in min, sex does indeed have something to do with it. Daily sex, in fact.

    It is not surprising that two teen-oriented books make the cut, since much of this generation is living on Facebook now. The Seventeen editors are very good about posing posts in the form of a question. But you never know what pops on the nets. While the Bieber pics are well “liked” the most massively popular item we found on the board involved crazy fingernail stylings and how to fix a cracked manicure.

    Teen Vogue’s 1.3 million “likes” come in part from deliberate fan-generating campaigns that pull in brand partners. In January, the magazine launched a “Like to Win” sweepstakes behind a Facebook “Like Wall.” Daily prizes encouraged revisits. The program enjoyed promotion across print, online, other social media and e-mail. The result was 60,000 contest entries and an additional 90,000 “likes” for Teen Vogue. But the brand partners were especially well served, as they saw their likes increase 58%.
     
    The magazine brand's Facebook prowess is extending to the newer social nets as well. Like Pinterest, a real up-and-comer for magazines is the Instagram image editing and sharing network via iOs and Android apps. Teen Vogue has over 164,000 followers of its image posts on Instagram.

    Instagram is the one to watch this year. National Geographic has over 64,000 followers there, Lucky has 29,500.

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  • 05.08.2012

    Kraft Foods Sizes Up The Environmental Impacts of Its Products Through Lifecycle Assessment

    Most people have heard the saying that you can’t improve what you can’t measure. But measurement can be complex and time-consuming, especially when it comes to figuring out how to reduce environmental impacts. Which is why Kraft Foods is using lifecycle assessment (LCA) to help it make the right changes and get the best results. LCA measures the footprint of what goes into making a product, from farm to fork and beyond.

    “Lifecycle assessment is an important part of our sustainability journey,” said Roger Zellner, Sustainability Director for Research, Development & Quality. “It gives us a competitive advantage, as we now have more insight into how to reduce our products’ footprints, find efficiencies and validate and explain those benefits to customers and consumers. Together, we’re focusing and working smarter and communicating better, which is good for the environment, people and our business.”

    This LCA work builds on the multi-year footprinting project Kraft Foods recently used to map its impact on climate change, land and water use. Today, employees around the world are using lifecycle thinking to help uncover ways to eliminate waste in manufacturing. This can reduce the amount of raw materials, such as agricultural commodities, used at the beginning of the supply chain. LCA also can help measure how product and packaging innovations improve on previous designs, and provide a common system to measure and explain those benefits.

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  • 05.08.2012

    Fortress Paper Announces Sale of Non-Core Assets at LandQart Mill

    Fortress Paper Ltd., is pleased to announce that its wholly-owned subsidiary, Landqart AG, has entered into an asset purchase agreement with a leading Swiss utility company for the sale of its hydropower assets and associated real estate. In order to maintain the supply of its operational power requirements, Landqart AG has concurrently entered into a long term power purchase agreement at competitive rates. The sale of the hydropower assets is subject to customary closing conditions and is anticipated to complete imminently. 

    "The sale of our non-core hydropower assets at Landqart is designed to optimize our current asset base and redirect proceeds to our core businesses, and is consistent with our strategy of unlocking value for our shareholders", said Chadwick Wasilenkoff, Chairman, Chief Executive Officer and President of Fortress Paper.

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  • 05.08.2012

    Oil Near Three-Month Low; Al-Naimi Says Prices Too High

    Oil fell for a fifth day after Saudi Arabia’s Oil Minister Ali al-Naimi said prices are too high and a survey signaled that inventories rose to the most in more than 21 years in the U.S., the world’s biggest crude consumer.

    West Texas Intermediate futures in New York dropped as much as 1.3 percent after closing at a three-month low yesterday. Crude prices are “still a little bit high,” al-Naimi said in Tokyo today. U.S. stockpiles climbed 1.9 million barrels to 377.8 million last week, according to a Bloomberg News survey before tomorrow’s Energy Department report. Crude’s 14-day relative strength index slipped, suggesting that further declines may not be sustained.

    “We’ve seen a fairly significant inventory build-up,” Ric Spooner, a chief market analyst at CMC Markets in Sydney, said in a telephone interview today. “The recent trend of the market is obviously down and at this stage, from a technical point of view, looks to be remaining in a short-term downtrend.”

    Crude for June delivery fell as much as $1.23 to $96.71 a barrel in electronic trading on the New York Mercantile Exchange and was at $96.87 as of 11:36 a.m. London time. The contract slid 55 cents, or 0.6 percent, to $97.94 yesterday, the lowest close since Feb. 6. Prices are down 2 percent this year.

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  • 05.08.2012

    Appleton Reports First Quarter 2012 Results

    Appleton’s first quarter 2012 net sales of $219.6 million increased 0.7% compared to first quarter 2011 net sales of $218.0 million. The Company achieved strong revenue growth in the thermal papers segment where an 11.1% increase in net sales offset the decrease in sales for carbonless papers and Encapsys.

    Appleton reported a first quarter 2012 operating loss of $49.8 million compared to operating income of $10.3 million during first quarter 2011. Current year results include restructuring expense and other costs totaling $61.3 million related to ceasing papermaking operations at its West Carrollton, Ohio mill. The 2011 first quarter results included a $3.2 million litigation settlement expense.

    Mark Richards, Appleton’s chairman, president and chief executive officer, said an excellent performance by the Company’s thermal papers segment enabled Appleton to exceed sales and profit expectations for the quarter, excluding restructuring expense and other related costs. While shipments of thermal receipt paper declined more than 3% compared to first quarter 2011, volume for the Company’s tag, ticket and entertainment (TLE) products, rose nearly 20%, led by an increase of more than 50% for shipments to international markets. “Our thermal segment continues to achieve strong growth, especially our TLE products,” said Richards. “Capturing that growth is consistent with our strategy to place greater focus on TLE product sales while improving the profitability of our thermal papers receipt business.”

    Richards said the growth of Appleton’s thermal papers segment has helped to offset the decline of the carbonless segment. He added that there were no surprises with the performance of the Company’s carbonless segment, whose shipments declined 6% compared to first quarter 2011. “Fundamental objectives for all our segments are to reduce waste, improve operating efficiencies, reduce working capital, and provide the best product quality,” Richards said. “We have performed well.”

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  • 05.08.2012

    Cascades Price increase announcement

    Effective with shipments made on or after June 4th, 2012, prices for the following cut size products and their product derivatives will increase by $2.00/cwt: Rolland Enviro100 Copy; ReproPlus50

    All standard up charges remain in effect. Orders entered prior to May 7th, 2012 will be invoiced at the acknowledged price.

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  • 05.07.2012

    Time Nabs Magazine of the Year

    The National Magazine Award winners were announced and honored Thursday night and while there were some familiar faces taking home the elephant statues, or "ellies," there were no runaway winners by specific magazine title, although Condé Nast received six of the 18 awards. According to ASME, 269 magazines submitted 1,800 entries.

    Time Magazine grabbed magazine of the year—the most highly coveted award—and aside from Terry McDonnell's induction into ASME's Magazine Editor's Hall of Fame it was Time Inc.'s only win for the evening. Of the multiple award-winning titles, New York received three awards (essays and criticism, magazine section and single-topic issue) and The New Yorker received two (public interest and reporting).

    Vanity Fair won for columns and commentary in a posthumous nod for three of Christopher Hitchens' columns that were among the last he wrote before dying of cancer last December.

    Newcomers always get the spotlight when the finalists are announced and this year's—Vice and The Fader—did not make the podium for their general excellence nods for general-interest and active- and special interest magazines, respectively. Bloomberg Businessweek and Inc. took those awards instead.

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  • 05.07.2012

    Oil Falls to Four-Month Low on European Votes, U.S. Jobs

    Oil fell to the lowest level in more than four months after European elections stoked speculation that austerity efforts will be derailed and weaker-than-expected jobs data underscored concern the U.S. economy may falter.

    Futures pared losses after slumping as much as 3.2 percent to the lowest intraday price since Dec. 20. European equities and the euro fell after France elected Socialist Francois Hollande as president and Greek voters flocked to anti-bailout parties. Crude extended a 4 percent drop on May 4 after U.S. payrolls rose by the least in six months.

    “Elections in France and Greece brought euro-zone fears back to the fore,” Nam Truong, a dealer at London Capital Group Holdings Plc, said in an e-mailed note. Investors are concerned that European austerity measures will weaken and additional stimulus will be needed to “prop up ailing euro-zone economies,” he said.

    Crude for June delivery plunged as much as $3.15 to $95.34 a barrel in electronic trading on the New York Mercantile Exchange and was at $97.89 at 11:07 a.m. London time. The contract tumbled $4.05 to $98.49 on May 4, the lowest close since February 7.

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  • 05.07.2012

    4As Print Committee Urges MPA, Publishers To Establish Transparency For Tablet Metrics

    In an open letter to the MPA and to individual publishers, the Print Media Committee of the 4As is urging the magazine industry to be much more transparent in reporting readership of their tablet editions and interaction metrics for enhanced ads. The letter, signed by Group M managing partner and director of print George Jansen applauds the MPA for its recently issued guidelines for tablet edition reporting, but pointedly asks for greater depth and specificity in distinguishing among the types of tablet readers. In addition to calling on publishers to break out subscription and single-copy tablet edition sales, the group wants more insight into how many digital readers are subscribing from the device and how many are authenticating their print subscriptions for tablet access.
     
    The 4As committee also asked for third party research that measures tablet readership across devices and in a consistent format that measures all publishing companies. The letter very sharply criticized the practice of bundling digital editions as part of overall circulation to meet rate base guarantees even though some advertisers are not themselves choosing to let their print ads run in the tablet editions. “These advertisers should not be charged for circulation they are not purchasing,” the letter states. “Magazines should establish a print ratebase and a digital ratebase, which will give the advertiser the flexibility to purchase the circulation they desire.”

    Finally, the letter asks for more and deeper engagement metrics around enhanced tablet ads: “at minimum, average time spent with ‘enhanced’ ads such as video, slideshows, etc.” The committee also wants more data around how people are interacting with hot links in tablet ads.

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