Paperclips Blog | USPS Results

  • 12.28.2011

    Oil Near Six-Week High

    Oil traded near the highest price in six weeks after Iran threatened to block crude supplies through the Strait of Hormuz at a time when U.S. stockpiles are falling.

    Oil for February delivery was at $101.49 a barrel, up 15 cents, in electronic trading on the New York Mercantile Exchange. It rose $1.66, or 1.7 percent, to $101.34 a barrel yesterday, the highest settlement since Nov. 16.

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  • 12.28.2011

    CEPIPRINT Publishes November Statistics

    Total European Newsprint shipments for November declined 1.3% vs. 2010 and are down 2.8% year-to-date. Total European shipments of SC-Magazine grades declined 7.0% vs. 2010 and are down 0.6% year-to-date.  Total European shipments of Coated Mechanical Reels declined 2.9% vs. 2010 and are up 0.7% year-to-date.  Total European shipmenets of Uncoated Mechanical (Improved & Others) declined 11.1% vs. 2010 and are down 1.9% year-to-date.
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  • 12.28.2011

    PRC Advisory Opinion Finds USPS Proposal for Retail Closures Lacks Proper Analysis

    The Postal Regulatory Commission today issued its Advisory Opinion in Docket N2011-1 on the Postal Service’s Retail Access Optimization Initiative (RAOI), a program that identified more than 3,600 post offices and other retail facilities for possible closure this year.

    The Postal Service is required to ask the Commission for an Advisory Opinion on any change in nationwide service it proposes. The Commission found that the RAOI is likely to affect access to postal services.

    The Commission’s primary finding is that the RAOI was not designed to optimize the network. The Commission recommends the use of modern optimization tools and techniques to better maximize net retail revenues while fulfilling statutory service obligations.

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  • 12.23.2011

    Verso Addresses NYSE Listing Standard

    Verso Paper Corp. announced today that the New York Stock Exchange has notified the company that it has fallen below the NYSE's continued listing standard relating to market capitalization. The NYSE requires that Verso's average market capitalization over a consecutive 30 trading-day period be at least $75 million. As of December 21, 2011, the date of the NYSE notice, Verso's 30 trading-day average market capitalization was approximately $66.6 million.

    Mike Jackson, President and Chief Executive Officer of Verso, commented, "We do not believe that Verso's current stock price is indicative of the strong operating performance of the company. Verso has ample liquidity and is well positioned to fund its operations and anticipated growth."

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  • 12.23.2011

    Ahlstrom completes Porous Power Technologies transaction

    Ahlstrom Corporation, a global high-performance materials company, has completed the acquisition of a 49.5% stake in Porous Power Technologies, LLC. The U.S.-based company develops technology for lithium-ion battery separators. Ahlstrom has an option to acquire the remaining shares at a later stage.

    Ahlstrom, together with Porous Power, will be offering a new generation of separator solutions for safer batteries and capacitors in electric-drive vehicles, e-bikes, portable electronics and utility-grade storage products. Porous Power's current separator products are already being evaluated by battery manufacturers around the world. The products for electric vehicles will be commercially available in larger scale later.

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  • 12.23.2011

    American Greetings Announces Third Quarter Earnings

    American Greetings Corporation today announced its results for the third fiscal quarter ended November 25, 2011. 

    For the third quarter of fiscal 2012, the Company reported total revenue of $463.6 million, pre-tax income of $29.7 million, and net income of $20.2 million or 50 cents per share (all per-share amounts assume dilution).  Compared to the prior year, revenue increased approximately $33.5 million, or about eight percent. 

    Last year, for the third quarter of fiscal 2011, the Company reported total revenue of $430.1 million, pre-tax income of $51.5 million, and net income of $32.2 million or 78 cents per share.  

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  • 12.23.2011

    Crude Futures Head for Biggest Weekly Gain in Two Months on U.S. Economy

    Oil headed for its biggest weekly gain in almost two months in New York after U.S. economic reports indicated that growth in the world’s biggest crude consumer will accelerate.

    West Texas Intermediate futures have advanced 6.6 percent this week, the biggest rise since the period ended Oct. 28. U.S. initial jobless claims dropped to the lowest level since April 2008, data from the Labor Department showed yesterday. Leading indicators climbed more than forecast in November, and consumer sentiment improved this month. Oil supplies fell the most in a decade last week, the Energy Department said Dec. 21.

    “We’re seeing improving data from the U.S., which I expect will be a little bit stronger next year,” said Torbjoern Kjus, an oil market analyst at DnB NOR ASA, who predicts prices will decline in the first quarter as Libya boosts output. “But Europe’s problems will escalate and more than offset this.”

    Crude for February delivery was at $99.66 a barrel, up 13 cents, in electronic trading on the New York Mercantile Exchange at 11:24 a.m. London time. The contract yesterday rose 86 cents to $99.53, the highest settlement since Dec. 13.

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  • 12.23.2011

    The Atlantic Has Second Profitable Year in a Row

    The Atlantic has some milestones to celebrate as it heads into the holiday season. The brand is reporting gains across all of its platforms—print, digital and live events—for the fourth quarter and full year, carrying it into its second profitable year in a row.

    According to the company, digital ad revenue will be up 40 percent for the year and print ad revenue will edge up 2 percent. The events group, AtlanticLIVE, which includes the Aspen Ideas Festival, will post a 19 percent revenue increase over last year.

    For the fourth quarter, which signals the thirteenth consecutive one for year-over-year growth, revenue will be up 20 percent compared to same period last year.

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  • 12.23.2011

    Portucel Group strengthens presence in Mozambique

    As part of its strategy of exploring opportunities for growth and sustained value creation in the southern hemisphere, the Portucel Group has further strengthened its presence in Mozambique by obtaining a provisional Land Use Permit (DUAT) for an additional area of 182,886 hectares in Manica Province, issued by the Mozambican government (Council of Ministers Resolution of 19 December 2011). This new permit was granted under the agreement in principle reached between the Portucel Group and the Mozambican government in 2008, under which land use rights had already been granted for an area of 173,327 hectares in Zambezia Province. The Group now has at its disposal a total area of approximately 360,000 hectares for eucalyptus plantations and for commercial farming by its employees and local people.
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  • 12.23.2011

    Print Book Sales on the Rise Since Thanksgiving, But Trail 2010

    Thanksgiving weekend may draw lots of media coverage about holiday sales, but book sales of print titles have been trending upward every week since the start of the holiday shopping season. According to Nielsen BookScan, sales of print books in the stores it covers totaled 12.0 million the week ending November 27 and then jumped to 15.5 million units the week ending December 4. The following week, units rose again, to 18.6 million, and increased 26% the week of December 18, to 23.4 million.
     
    Compared to the same week in 2010, unit sales the week of December 18 were down 14%, with the closing of Borders and the growth of e-book sales likely the two biggest factors in the decline. During the last week, print backlist was doing better than frontlist, with backlist sales down 9% compared to a year ago and frontlist off 19%.
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  • 12.22.2011

    American Eagle Outfitters Continues International Expansion in Three New Markets

    American Eagle Outfitters, Inc. today announced the opening of stores in three new international markets?Morocco, Jordan and Egypt. The company also opened its third store in Saudi Arabia, and has plans for a second store in Lebanon in early 2012. The leading lifestyle brand, with a fleet of more than 1,000 stores worldwide, currently operates in Egypt, Jordan, Kuwait, Lebanon, Morocco, Saudi Arabia, and the UAE through its franchise partner, M.H. Alshaya, one of the most experienced retailers in the world.

    American Eagle Outfitters opened in Jordan on November 30 in Taj Mall. Morocco?s store opened in Casablanca at Morocco Mall on December 1. The Egypt store is located in Cairo?s City Stars Mall, and opened on December 10. The partnership with Alshaya, signed in May 2009, was AEO?s first foray into bricks-and-mortar stores outside of North America. Since then, AEO has opened stores in Russia, China and Hong Kong, and signed franchise agreements for stores in Japan and Israel as well, working with various franchise partners.

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  • 12.22.2011

    Oil Rises for Fourth Day as U.S. Supplies Decline by the Most in a Decade

    Oil gained for a fourth day in New York after U.S. crude inventories declined the most in a decade, adding to signs that the world’s biggest consumer of crude may avoid a recession.

    Futures rose as much as 0.7 percent after gaining 1.5 percent yesterday as Energy Department data showed stockpiles fell 10.6 million barrels, the largest decrease since February 2001. New York oil will average a record $100 a barrel next year as the U.S. averts recession, while London-traded Brent will decline from the 2011 mean, according to a Bloomberg News survey of analysts.

    “The big draw was quite bullish,” said Gerrit Zambo, a trader at Bayerische Landesbank in Munich, who predicts oil prices will remain little changed in early 2012. “Macro data in the past week has been mostly positive. I’m slightly optimistic that we won’t fall into a deep recession, and if recession comes it’ll be over quicker than people expect.”

    Crude for February delivery on the New York Mercantile Exchange climbed as much as 72 cents to $99.39 a barrel, the highest since Dec. 14, and was at $98.39 at 12:02 p.m. London time. The contract yesterday increased $1.43 to $98.67, the highest close since Dec. 13.

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  • 12.22.2011

    TIME to Relaunch Style & Design Supplement in March 2012

    After shuttering the supplement 18 months ago, TIME is relaunching Style & Design in 2012. The revamped version, to be led by TIME managing editor Rick Stengel and edited/curated by TIME staff, will debut with the March 26th issue of TIME [see mock cover, pictured].

    TIME worldwide publisher Kim Kelleher tells FOLIO: about the closure of Style & Design, “I understand the decision was a painful one – the supplement was very successful, and had a strong following internally. It was a separate division in the TIME team. Interestingly, it wasn’t as much of a straight financial decision, as it was a 'tightening of the belt' decision. We didn’t know how long the economic downturn was going to last.”

    The supplement debuted in 2003 with a heavy focus on fashion. Under Stengel, Style & Design will expand its editorial reach to international travel, cooking, decorating and home furnishing.

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  • 12.22.2011

    Hess Print Solutions and Valued Clients Recognized for Print Excallence

    Hess Print Solutions, a provider of accountable print performance solutions and other value-added services for catalogs, books, publications, commercial print, digital print and educational printed products, is proud to announce it was recently recognized alongside two valued clients with two 2012 Print Excellence Awards presented by the Printing Industries of Ohio • N. Kentucky.

    · Catalog client, Besa Lighting, received a Gold Award in the Catalog Products category for outstanding production of the Besa Lighting Catalog. 

    · Magazine publisher, SBMG iWed, Inc., received a Silver Award in the Magazines and Publications category for its publication, Premier Bride.

    “Our mission is to help clients increase revenue and profitability through print, related services and technology delivered with outstanding quality and excellent service,” said Douglas L. Mann, President and CEO of Hess Print Solutions.  “This recognition affirms that our focus is in the right place and we are honored to share these awards with our clients.”

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  • 12.22.2011

    Houghton Mifflin Harcourt Joins The Bookshelf Project

    Global education leader Houghton Mifflin Harcourt (HMH) today announced its involvement with The Bookshelf Project, an initiative to revolutionize education in Ohio by introducing students to proven content and innovative learning technologies. The Project, focused primarily in the Cleveland Metropolitan School District (CMSD), brings together highly renowned and committed partners in the public, private, and non-profit sectors to impact learning for 21st-century students.

    This pilot project will provide Barnes & Noble NOOK Color™ e-readers for students, teachers and administrators in two Slavic Village-area schools: Washington Park High School and grades 6–8 at Mound K–8 School. Each NOOK will be loaded with the latest groundbreaking content from HMH.

    “Innovation in education can only be successful if we get the innovation into the hands of students,” said Linda Zecher, CEO of Houghton Mifflin Harcourt. “The Bookshelf Project motivates and captivates students where they are, and HMH is thrilled to be a part of such a worthwhile cause. By putting our leading programs into the hands of students, while utilizing technologies that they are comfortable with, we stand to make a greater impact.”

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  • 12.22.2011

    Metso to deliver recovery boiler single-drum conversion to Stora Enso Imatra Mills

    Metso and Stora Enso Corporation have signed an agreement on the single-drum conversion of Stora Enso’s Imatra Mills’ recovery boiler. The conversion of the recovery boiler will be completed in the fall of 2012. The value of the order will not be disclosed.

    The upper and lower drum of the recovery boiler and the steam generating bank between them will be replaced by a new drum and separate boiler bank elements needed for heat recovery. At the same time, the second stage of the economizer will be rebuilt.

    “The conversion will significantly extend the boiler’s lifetime and allow for a possible capacity increase in the future. In addition, the conversion will improve the boiler’s availability, secure safe operation and reduce maintenance costs. Further advantages offered by a single-drum conversion compared to replacing the existing design are a shorter downtime and the reliability of the solution,” says Jouni Koskinen, Sales Manager, Boiler Conversions, from Metso.

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  • 12.22.2011

    Mobile to Capture 15.2% of Online Ad Spend in 2016

    Here we go again. Much of the 1990s was characterized by high-bar and long range forecasts of how much ad spending would rush away from print, TV, almost everything, and move to the Web. Well, that migration proved more complex, halting, and much slower than some bubble-puffing analysts of the 90s supposed. Only time will tell whether the enthusiasm for mobile platforms will persist and result in spending shifts. But let the predictions begin. According to Berg Insights, the mobile ad and marketing space will grow at an annual rate of 37% between 2010 and 2016. In terms of share of digital spend, that will mean mobile will account for 3.8% of all ad spend across all platforms and 15.2% of digital spend.

    The Berg estimate embraces only handset-based marketing and so presumably does not include the tablet market. But rapid uptake of the smartphone market is helping to drive this growth, Berg says. Marketers are moving beyond the test stage and starting to consider mobile as a channel. Berg says that marketers recognize that mobile handsets have ubiquitous penetration among adults. More importantly, the intimacy of the phone means the medium is always with the consumer and so conceivably always available to the marketer. Despite years of false starts and unmet projections about mobile marketing and media expansion, Berg insists, the time has come when mobile is becoming a part of the brand marketing mix.

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  • 12.22.2011

    M-real has concluded the statutory negotiations at the Äänekoski mill

    M-real Corporation, part of Metsäliitto Group, has concluded the statutory negotiations at the Äänekoski mill. In order to improve the profitability of its coated paper business M-real started on 9 November 2011 statutory negotiations concerning the potential closure of the Äänekoski paper machine and conversion of the mill’s sheeting capacity entirely to folding boxboard sheeting. M-real released a stock exchange bulletin on 2 November 2011 concerning these plans.

    Following the conclusion of the statutory negotiations, M-real has decided that the Äänekoski paper machine, with an annual capacity of approximately 200 000 tonnes of coated fine paper, will be closed by the end of 2011. The mill’s sheeting capacity will be converted fully to folding boxboard. Planning work related to the sheeting capacity conversion is on-going.

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  • 12.22.2011

    Torstar Announces That It Has Acquired An Interest In Blue Ant Media

    Torstar today announced that it has acquired an approximate 25% interest in Blue Ant Media Inc. Blue Ant Media is a newly established independent media company led by media veteran, Michael MacMillan. In addition to a controlling interest in GlassBOX Television which operates specialty channels Travel+Escape, Bite TV and AUX TV, Blue Ant Media owns a minority interest in Quarto Communications (Cottage Life, Outdoor Canada, Explore and Canadian Home Workshop).

    Blue Ant Media also announced today it has entered into an agreement to acquire Canadian broadcaster High Fidelity HDTV Inc. and its four premium high definition channels – Oasis HD, eqhd, radX and HIFI. The transaction is pending CRTC approval. Blue Ant Media will initially purchase 29.9% of shares in High Fidelity HDTV, with the remaining 70.1% closing subject to CRTC approval. As part of this transaction, private equity firm Providence Equity Capital Markets has committed to providing additional financing to Blue Ant Media for the completion of the acquisition of High Fidelity HDTV.

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  • 12.22.2011

    UPM Sells Its RFID Business to SMARTRAC

    UPM has reached an agreement with SMARTRAC N.V. today whereby UPM sells its RFID business to SMARTRAC. UPM will become an indirect shareholder of SMARTRAC with a 10.6 percent economic interest through the company OEP Technologie B.V. The closing of the deal is expected to take place during the first quarter of 2012. The transaction is still subject to regulatory approvals.

    SMARTRAC is registered in the Netherlands, and is one of the global market leaders in high-quality RFID inlays for electronic passports and contactless credit cards as well as for RFID transponders for public transport applications.

    “UPM has been developing and investing in its RFID inlay business for a number of years. The business unit has evolved from a small venture to a sizeable business and is now recognised as the market leader in its field. Combining the business unit with a company with the industry’s widest RFID business portfolio, we give it new leverage to continue to develop successfully. We see significant value increase potential in this new combination. Therefore we are pleased to become an indirect shareholder of SMARTRAC,” says Jussi Vanhanen, President, Engineered Materials, UPM.

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  • 12.22.2011

    Stora Enso signs EUR 150 million loan agreement

    Stora Enso has signed an agreement with the European Investment Bank (EIB) for a EUR 150 million loan to be used for the new container board machine investment project at Ostroleka Mill in Poland. The loan matures in 2023.

    “Our co-operation with EIB is good and we are delighted with EIB’s continuing support for our strategically important investments. The investment at Ostroleka will strengthen our competitive position in corrugated packaging in the growing markets of Central and Eastern Europe, and is one more step in building sustainable and profitable growth for the Group. The new container board machine with a modern product and greater capacity than the machine it replaces will not only renew our product offering, it will also improve our overall cost position through efficient internal supply of light-weight containerboard made from recycled fibre,” says Mats Nordlander, Executive Vice President, Packaging Business Area.

    The main items for the Ostroleka project have been procured and construction work is progressing as planned. The EUR 285 million container board machine investment project at Ostroleka is scheduled to be completed in the first quarter of 2013, as announced on 11 January 2011.

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  • 12.21.2011

    Talbots Responds to Sycamore Partners

    The Talbots, Inc. today responded to the unsolicited proposal received on December 6, 2011 from Sycamore Partners to acquire all of Talbots outstanding shares of common stock at a price of $3.00 per share. In its response, the Company informed Sycamore Partners that it had considered and evaluated the terms of the proposed transaction and had concluded that the proposal was inadequate and substantially undervalues the Company.

    The Board of Directors of the Company has resolved to explore a full range of strategic alternatives to maximize value for Talbots stockholders. Pending that evaluation, the Company will continue to pursue its long range plan and continue its previously announced search for a successor President and Chief Executive Officer.

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  • 12.21.2011

    Total Printing-Writing Paper Shipments in November Down 4% from 2010

    According to the American Forest & Paper Association’s November 2011 Printing-Writing Paper Report, total printing-writing paper shipments decreased 4% in November compared to November 2010. All four major printing-writing grades posted decreases compared to last November. U.S. purchases (shipments + imports – exports) of printing-writing papers decreased 4% in November. Total printing-writing paper inventory levels increased 2% compared to October 2011.

    Some points of interest from the report include: Purchases of uncoated free sheet (UFS) increased year-over-year for the second time in 2011. Shipments of coated free sheet (CFS) decreased year-over-year for the twelfth consecutive month, following 13 consecutive months of year-over-year increases. Coated mechanical (CM) shipments decreased for the eighth consecutive month. Uncoated mechanical (UM) shipments decreased year-over-year for the eighth consecutive month, following 15 consecutive months of year-over-year increases.

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  • 12.21.2011

    U.S. Recovered Paper Consumption Drops 5% in November

    According to the November 2011 Recovered Paper Monthly Report published today by the American Forest & Paper Association (AF&PA), total U.S. industry consumption of recovered paper was 2.4 million tons, 5% lower than November of last year, and 5% lower than October 2011. Decreases compared to last month were observed across all grades of recovered paper, with Corrugated consumption entering its 3rd straight month of decline, and Mixed consumption dropping 5% despite holding relatively steady over the past 4 months.  Overall, year-to-date consumption of total recovered paper compared to the same period in 2010 has also decreased by 5%. Inventories, on the other hand, reached their highest point for 2011, bringing days of supply up one day to 11.
     
    U.S. exports of recovered paper rebounded 4% in October after a drop in September, with the biggest increase by volume surprisingly in Mixed grades.  Year-to-date exports in 2011 continue to be 14% higher than last year by volume. Imports, despite being relatively inconsequential in U.S. recovered paper trade, are 29% higher year-over-year.
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  • 12.21.2011

    Arandell Forms Alliance with Catalog Marketing Economics

    Arandell, North America’s premier offset printing company, announces they have advanced a partnership with Jim Coogan, President of Catalog Marketing Economics, to complement Arandell’s Marketing Services. Mr. Coogan’s primary focus will be consulting customers on the core competencies of circulation planning for catalogs, project management of catalog circulation, analysis, planning and control of catalog campaigns.

    “Jim brings over 30 years of circulation experience to his consulting role at Arandell,” asserts Jim Treis, Arandell Executive Vice President of Sales and Marketing. “Leveraging his strengths and providing effective solutions to our customers will give our sales team an even greater advantage in the marketplace and allow us to explore new business development opportunities.”

    Currently, President of Catalog Marketing Economics, Coogan represents the Arandell team with intentions of helping Arandell customers identify the actions that will immediately and measurably improve the their catalog’s circulation results. “Arandell has always been known as a leader in the print industry and I am proud to be joining such a reputable organization,” states Coogan. “I look forward to the opportunity and plan on contributing to the suite of marketing services offered by Arandell.”

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  • 12.21.2011

    Oil Climbs a Third Day on U.S. Economy, Shrinking Supplies, Iran Sanctions

    Oil rose a third day in New York on signs that the U.S. economy will be spared a recession and amid growing pressure on Iran to curtail its nuclear program.

    Futures advanced as much as 1.3 percent after data from the American Petroleum Institute showed crude inventories dropped to the lowest in almost two years. Analysts in a Bloomberg News survey predicted the Energy Department will say today supplies fell 2.13 million barrels. The February contract surged 3.4 percent yesterday on U.S. housing data that beat estimates, unexpected growth in German business confidence and concern that shipments from Iran may be curbed.

    “Oil has been strengthening as we get more positive U.S. economic data, such as housing starts, along with a recovery in the euro and the possibility of Iranian reprisals,” said Robert Montefusco, senior broker at Sucden Financial in London.

    Crude for February delivery rose as much as $1.26 to $98.50 a barrel in electronic trading on the New York Mercantile Exchange. It was up 0.7 percent at $97.93 at 11:20 a.m. London time. The contract yesterday climbed $3.19 to $97.24. Front- month futures have risen 7.2 percent this year after gaining 15 percent in 2010.

    Brent oil for February settlement on the London-based ICE Futures Europe exchange rose as much as $1.03, or 1 percent, to $107.76 a barrel. The European benchmark contract was at a premium of $9.31 to New York-traded West Texas Intermediate grade.

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  • 12.21.2011

    Walgreen Co. Reports Fiscal 2012 First Quarter Earnings of $554 Million

    Walgreens today announced earnings and sales results for the first quarter of fiscal year 2012 ended Nov. 30.

    Net earnings were $554 million, a 4.5 percent decrease from $580 million in the same quarter a year ago. Net earnings per diluted share for the quarter increased 1.6 percent to 63 cents, compared with 62 cents per diluted share in the year-ago quarter. Compared with the prior year’s quarter, the delay in the cough/cold and flu season impacted net earnings per diluted share by 1 cent, while the strategic decision to no longer be part of the Express Scripts, Inc. pharmacy provider network as of Jan. 1, 2012, cost 1 cent per diluted share in comparable pharmacy sales and 1 cent per diluted share in related expenses.

    Total gross profit dollars increased $159 million, or 3.2 percent, compared with the year-ago quarter, with gross profit margins decreasing 0.4 percentage point versus the year-ago quarter to 28.1 as a percentage of sales. The decline was driven by retail pharmacy margins which saw a reduction in reimbursement rates, while front-end margins remained steady. The company expects an increase in gross profit growth from new generic drug introductions, including generic Lipitor, during the second half of the fiscal year compared with what was seen in the first quarter. The LIFO provision was $45 million this year versus $42 million last year.

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  • 12.20.2011

    Oil Rises a Second Day on Signs U.S. Crude Supplies Shrank, Iran Outlook

    Oil rose for a second day in New York on forecasts that U.S. crude stockpiles declined for a second week and speculation that further sanctions against Iran will curb supply from OPEC’s second-largest producer.

    Futures advanced as much as 1.5 percent, extending yesterday’s 0.4 percent gain. U.S. crude inventories fell by 2 million barrels last week, according to a Bloomberg News survey before tomorrow’s Energy Department report. Gulf Cooperation Council leaders are in Saudi Arabia for a meeting that may address responses to Iran’s nuclear program.

    “In the U.S., the economy is on the road to recovery, with falling unemployment and consistently improving growth against a background of low and falling oil stockpiles,” said Christopher Bellew, a senior broker at Jefferies Bache Ltd. in London. “In Europe growth is virtually non-existent.”

    Crude for January delivery climbed as much as $1.42 to $95.30 a barrel in electronic trading on the New York Mercantile Exchange. The contract, which expires today, was at $95.19 at 12:06 p.m. London time. The more actively traded February future gained $1.02 to $95.07.

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  • 12.20.2011

    U.S. ad spending growth slowing down

    Ad spending in the U.S. increased 1.5% in the first nine months of the year compared with the year-earlier period, according to data released by Kantar Media. Growth in spending is slowing, the company said.

    “The cautious optimism for the advertising market at the beginning of 2011 has been replaced by the statistical evidence of progressively slowing growth rates,” said Jon Swallen, senior VP-research at Kantar Media North America, in a statement. “From +4.1% in the first quarter, to +2.8% in the second quarter and now a barely palpable +0.4% for the July to September period.”

    Internet media, which includes paid search and display advertising, was up 2.8% for the first nine months of the year, but Internet media spending was down 2.9% in the period from July through September, according to Kantar. This decline was led by a drop in paid search spending, which fell 14.4%.

    Ad spending in b2b magazines has increased 1.1% for the first three quarters of the year. For the July through September period, ad spending in b2b magazines increased just 0.8%.

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  • 12.20.2011

    Name Change Consolidates Chesapeake's Global Brand

    Chesapeake, one of the world’s leading packaging manufacturers, has re-branded its US-based Cortegra operations under the Chesapeake banner. Pharmaceutical and Healthcare packaging specialist, Cortegra, became part of Chesapeake in September 2011 and this latest initiative consolidates the company’s businesses under one name. At the same time, it also emphasises the company’s common values, unified customer focus and extensive production capabilities.

    “The change in corporate identity will help support our drive for further growth and development. It will simplify business for current and future customers, for whom the company’s broad range of capabilities and products will now be more visible. Chesapeake has benefited from high levels of investment in recent years and we have long-term plans for development that will further enhance service levels and extend our geographical reach.” said Mike Cheetham, Chesapeake’s Chief Executive Officer.

    The re-branding exercise will be complete by January 2012, when the facilities in New Jersey and Indiana will officially begin trading under the Chesapeake name.

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  • 12.20.2011

    International Paper, Temple-Inland Extend Regulatory Review Timing Agreements With the DOJ

    International Paper Company and Temple-Inland Inc. today announced that they have agreed with the U.S. Department of Justice ("DOJ") to extend the review period for their pending merger until January 27, 2012.  Previously, the companies had agreed with the DOJ not to consummate their merger prior to December 31, 2011.  The companies also agreed to extend the outside date under their merger agreement from June 6 to June 28, 2012.

    International Paper Senior Vice President and General Counsel Sharon Ryan said, "We continue to cooperate with the Department of Justice and look forward to satisfying the closing conditions for the completion of this transaction."

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  • 12.20.2011

    Vistaprint Agrees to Acquire Webs Inc. for $117.5 Million

    Vistaprint N.V. and Webs Inc., the do-it-yourself suite of Websites, Facebook pages and mobile presence solutions for small businesses, announced the companies have entered into a definitive agreement in which Vistaprint will acquire Webs for $117.5 million payable at closing. The company‘s revenues for the calendar year 2011 are forecast to be approximately $9 million.

    Webs has served more than 40 million customers globally since its inception in 2001, with millions of active users and 100,000+ paying subscribers. More than 20,000 new users register daily for Webs’ suite of products. The company currently monetizes its offerings primarily by providing premium products for which customers pay subscription charges. Webs is based in Maryland and employs approximately 50 full-time employees.

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  • 12.20.2011

    Tempt Grand Opening Unveils In-Store Marketing Powerhouse Dedicated to Retailers' Success

    Tempt In-Store Productions, a Quad/Graphics company, announced today that it has completed finishing touches on its new 100,000-sq.-ft. in-store marketing display and signage center in New Berlin, Wis. The facility more than triples the manufacturing space of the previous location in nearby Menomonee Falls, and features new presses and related equipment and capabilities that make it one of the most modern, innovative and fastest-growing in-store production companiesin the industry.

    “Tempt In-Store Productions offers unique solutions to our many retail and brand accounts,” explains Michael Draver, President of Tempt. “More than ever, today’s retail stores have become destinations for shoppers. Our customers rely on us to help them create an environment that brings their in-store experience to life and commands attention. Our distinctive style of doing business and total-solutions approach has been embraced by a growing list of customers, and these sophisticated retailers and brand marketers are enabling us to invest in the future and grow our business.”

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  • 12.20.2011

    Twin Rivers Paper Company Broadens its Reach in Ultra-Lightweight Packaging Market

    Twin Rivers Paper Company, a leader in lightweight specialty packaging, label, and publishing papers, broadens its popular Acadia NSR product offering with two new lightweight options. Acadia NSR in 15 and 16lb expands the already comprehensive offering, providing a range of alternatives from 15 – 75lb (24x36/500). This uncoated, multi-purpose, machine finish paper is ideal for a variety of waxing, laminating and converting processes and suitable for use in a host of end-use applications ranging from deli wraps and pouches to liners and interleavers. Acadia NSR is FDA compliant and available in wet strength options.

    “We recognized the need for more options in today’s competitive environment and our deep experience in lightweight paper manufacturing allowed us to quickly respond to customer needs with an enhanced Acadia NSR offering,” says Dave Deger, Director of Marketing and Business Development. “We remain committed to innovation and co-development and continuously look for ways to bring value to our customers through our technical expertise.”

    Acadia NSR is part of a growing portfolio of specialty packaging papers that also includes the Acadia SR and the Bladepak® family of products. This portfolio is known for its high strength, printability, convertibility and broad range of grease resistant, PFOA free and wet strength options.  These products, when combined with Twin River Paper Company’s unparalleled technical expertise and commitment to innovation, are an optimal choice for solving packaging challenges in the industry.

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  • 12.19.2011

    AF&PA November 2011 U.S. Containerboard Report

    The American Forest & Paper Association released its November 2011 U. S. Containerboard Statistics Report today. Containerboard production was down, decreasing 1.8% when compared to October 2011, however, the month over month average daily production increased 1.4%. The containerboard operating rate for November 2011 rose slightly from November 2010 to 96.5% from 96.0%.
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  • 12.19.2011

    AF&PA November 2011 Boxboard Report

    The American Forest & Paper Association released its November 2011 U.S. Paperboard Report today. Total boxboard production decreased by 2.2% compared to November 2010, but increased 3.1% from last month.
     
    Unbleached Kraft Folding production increased over the same month last year, but decreased compared to last month. Total Solid Bleached Boxboard & Liner production decreased compared to November 2010, but increased compared to last month. The production of Recycled Folding decreased compared to November 2010, and decreased when compared to last month. Inventory of Solid Bleached Kraft Paperboard grew over a year ago.
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  • 12.19.2011

    Customers Purchasing Kindles at Rate of More Than 1 Million Per Week for Third Straight Week

    Amazon.com today announced that Kindle devices remain the hottest products this holiday season – for the third week in a row, customers are purchasing well over 1 million Kindle devices per week, and Kindle Fire remains the #1 bestselling, most gifted, and most wished for product across the millions of items available on Amazon.com since its introduction 11 weeks ago.
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  • 12.19.2011

    Crude Oil Rebounds From Near Six-Week Low in New York as Equities Advance

    Oil rebounded from near its lowest in more than six weeks in New York as advancing equity markets eased concern that European government measures will be unable to stem the debt crisis.

    Oil erased earlier losses of as much as 1.1 percent to trade up 0.5 percent near $94 a barrel as the Stoxx Europe 600 Index reversed opening losses. European Union finance ministers will hold a conference call today addressing a self-imposed deadline for drawing additional aid and creating new budget rules. Bank of America Corp. said an Iranian production halt could boost prices as much as $40 barrel.

    “There are enough contradictory pressures on the oil market to go into the holidays with a neutral position,” said Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland, who correctly predicted earlier this month that prices would slide. “On the bearish side there is the risk of European downgrades, but there’s also the risk of tougher rhetoric against Iran.”

    Crude for January delivery on the New York Mercantile Exchange was up 46 cents at $93.99 a barrel at 9:31 a.m. London time. The contract, which expires tomorrow, fell as low as $92.52 on Dec. 16, the lowest price since Nov. 3. The more actively traded February futures were at $94.19, up 43 cents. Prices are 2.9 percent higher this year after rising 15 percent in 2010.

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  • 12.19.2011

    Canon U.S.A. Plants More Than 78,000 Trees In South Carolina And Wisconsin Through The Arbor Day Foundation

    Canon U.S.A., Inc., a leader in digital imaging solutions, in partnership with the Arbor Day Foundation, has helped plant more than 78,000 trees in 2011 through the Canon Forest Program. Since joining forces in 2009, Canon U.S.A. has planted 112,330 trees to date throughout forests in desperate need of replanting. The trees planted this year include 48,071 trees in South Carolina's Manchester State Forest and 30,592 trees in Wisconsin's Bayfield County Forest.

    The longleaf pine trees planted in Manchester State Forest are part of a critical replanting effort to restore the species to a larger portion of its former natural range. In the Southeast, longleaf pine ecosystems provide many benefits including critical habitat to several threatened and endangered species such as the Red-cockaded Woodpecker. These pine trees are also more fire resistant, important in an area that can be prone to fires throughout spring and summer months.

    For Wisconsin's Bayfield County Forest, planting efforts took place in spring 2011 to enhance tree species biodiversity across several different forest areas. Five different species of trees, white pine, red pine, jack pine, white spruce and tamarack, are creating connectivity with adjacent forest areas, improving the health of the ecosystems, and re-establishing native forests lost over the last 100 years to insects, disease and clear-cutting. As a result, new habitats have been created for bird species such as the Sharp Tailed Grouse and the federally endangered Kirtland's Warbler. Additionally, this project is working to restore the boreal forest along the south shore of Lake Superior.

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  • 12.19.2011

    Catalyst Paper continues discussions on debt restructuring - defers interest payment

    Catalyst Paper Corporation today announced that, together with its financial advisor Perella Weinberg Partners, the company is continuing to review alternatives to address its capital structure.  Debt reduction has been identified as a priority given current business and economic conditions and discussions are ongoing with certain holders of its 2016 Notes and 2014 Notes, as described below, and their representatives and advisors. Catalyst announced, in June, that it had begun the capital restructuring review.

    In light of these ongoing discussions and pending finalization of a strategy to deal with its debt structure, Catalyst determined that it would be appropriate to defer the approximate US$21 million interest payment on its outstanding 11.00% Senior Secured Notes due 2016 and Class B 11.00% Senior Secured Notes due 2016 (collectively, the 2016 Notes) due on December 15, 2011.

    Operations of Catalyst and its subsidiaries are expected to continue as usual with obligations to customers, suppliers and employees being met in the ordinary course.

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  • 12.19.2011

    Domtar announces an increase to its share buyback program to one billion dollars

    Domtar Corporation today announced that its Board of Directors authorized an increase to its share buyback program of $400 million. The original program announced on May 5, 2010 now has an aggregate authorization of $1 billion. The Company has previously repurchased approximately 6.6 million shares of common stock for a total cash consideration of $536 million pursuant to this program. Domtar has returned in excess of $600 million of capital to shareholders through a combination of share repurchases and dividends since May 2010.
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  • 12.19.2011

    FedEx Corp. Reports Strong Second Quarter Revenue and Earnings Growth

    FedEx Corp. today reported earnings of $1.57 per diluted share for the second quarter ended November 30. Last year's second quarter earnings were $0.89 per diluted share, which included $0.27 per diluted share in costs related to the combination of the company's FedEx Freight and FedEx National LTL operations and a reserve associated with a legal matter at FedEx Express. Excluding those one-time charges, earnings were $1.16 per diluted share a year ago.
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  • 12.19.2011

    Major Companies Accelerate Adoption of FutureMark High-recycled Paper

    FutureMark® Paper Company, the only North American manufacturer capable of producing up to 100-percent recycled coated paper for magazines and catalogs, significantly expanded its customer roster in 2011.  New FutureMark customers include American Heart Association, American Airlines, Hearst Magazines, JCPenney, Ms. Magazine, Papa John’s, PepsiCo, the Philadelphia Eagles, the Sierra Club and U.S. News & World Report.  The company also expanded key relationships with existing customers Dell, Macy’s and Scholastic. 

    “The range of customers we added in 2011 shows that FutureMark’s high-recycled paper not only satisfies the world’s most discerning environmental organizations, but it also meets the rigorous requirements of large corporate buyers, who don’t compromise on quality or cost,” said Steve Silver, President & CEO of FutureMark Paper Company.  “Every company on the planet is being asked to take environmental sustainability into account, and many publishers and retailers are realizing they can switch to FutureMark high-recycled paper that performs and costs the same as conventional, non-recycled alternatives.”

    FutureMark Paper’s new customers have helped the company grow, despite a volatile, slow market for publication paper.  While coated paper shipments are down 8 percent year-on-year in 2011, shipments of FutureMark high-recycled paper is up 7 percent.

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  • 12.19.2011

    DuPont Titanium Technologies Announces a Price Increase for Ti-Pure® Titanium Dioxide Products Sold in North America

    Effective Jan. 1, 2012, DuPont Titanium Technologies announces a price increase of 15 cents per pound (USD), or as permitted by contract, for all DuPont™ Ti-Pure® titanium dioxide (TiO2) sold in North America (United States and Canada) into coatings, plastics, laminates and specialty applications.  This increase is in addition to any previously announced increases for North America.
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  • 12.19.2011

    For Their Children, Many E-Book Fans Insist on Paper

    Print books may be under siege from the rise of e-books, but they have a tenacious hold on a particular group: children and toddlers. Their parents are insisting this next generation of readers spend their early years with old-fashioned books.

    This is the case even with parents who themselves are die-hard downloaders of books onto Kindles, iPads, laptops and phones. They freely acknowledge their digital double standard, saying they want their children to be surrounded by print books, to experience turning physical pages as they learn about shapes, colors and animals.

    Parents also say they like cuddling up with their child and a book, and fear that a shiny gadget might get all the attention. Also, if little Joey is going to spit up, a book may be easier to clean than a tablet computer. “It’s intimacy, the intimacy of reading and touching the world. It’s the wonderment of her reaching for a page with me,” said Leslie Van Every, 41, a loyal Kindle user in San Francisco whose husband, Eric, reads on his iPhone. But for their 2 1/2-year-old daughter, Georgia, dead-tree books, stacked and strewn around the house, are the lone option.

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  • 12.19.2011

    Postal Service, Two Unions Continue Negotiations to January 20, 2012

    The Postal Service and two of its major unions have agreed to extend separate labor contract negotiations until Jan. 20, 2012. Contracts with the National Association of Letter Carriers, AFL-CIO (NALC) and the National Postal Mail Handlers Union, AFL-CIO (NPMHU) expired at midnight Sun., Nov. 20, 2011. The extension will allow the parties to continue to work on the important economic, health care, workplace and other contractual issues being discussed.

    The NALC represents more than 195,000 employees who work as letter carriers delivering mail primarily in urban areas. The NPMHU represents more than 46,000 employees who work in mail processing plants and Post Offices. Respectively, wages and benefits for NALC- and NPMHU-represented employees exceeded $15.7 billion and $3.5 billion last year. Should negotiations fail, a process begins which could result in a third party determining contract terms and work rules for more than 240,000 employees.

    Unlike the private sector, when negotiations come to an impasse, postal employees are not permitted to strike as Congress has designated the Postal Service as an essential service to the nation. An arbitrator determines the final outcome and is not legally required to consider the Postal Service’s financial obligations when rendering a decision.

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  • 12.19.2011

    Vertis Communications to boost customer engagement for Shoe Carnival

    Vertis Communications, a results-driven marketing communications company that delivers inventive advertising, direct marketing and interactive solutions to prominent brands across North America, today announced that it has extended its relationship with Shoe Carnival, a leading family footwear retailer with 327 stores across the nation. Vertis was named exclusive provider of highly-versioned advertising inserts and Inserts2online® designed to drive customer engagement and maximize ROI.

    Under the new agreement, which continues a relationship spanning more than two decades, Vertis will create high impact promotional pieces that showcase the retailer’s unique style and wide product selection. The superior quality, highly-versioned promotions are designed to support store specials and grand opening events. To extend Shoe Carnival’s marketing investment and drive the company’s bottom line, Vertis will implement its Inserts2online® digital solution that transforms print inserts into interactive online content. Inserts2online® enhances the customer shopping experience by providing customers with additional capabilities for researching and evaluating products and specials, and the ability to make better purchasing decisions, share offers with friends and print coupons directly from the customer’s website.

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  • 12.19.2011

    Wausau Paper Announces Timberland Sales Agreements

    Wausau Paper today announced entry into definitive agreements for the sale of its remaining timberland holdings, totaling approximately 80,200 acres located in Northern Wisconsin, for $42.9 million. Marketed and brokered by LandVest Timberlands, Wausau Paper reached separate agreements to sell approximately 72,800 acres to The Lyme Timber Company and approximately 7,400 acres to The Forestland Group. Both transactions are expected to close prior to the end of 2011.
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  • 12.17.2011

    790,000 acres/320,000 hectares of additional forest lands to be certified to the Sustainable Forestry Initiative®

    Sappi Fine Paper North America is pleased to announce the continued progress of an innovative pilot project by Time Inc., Hearst Enterprises, National Geographic Society, Verso Paper Corp. and the Sustainable Forestry Initiative that has resulted in 790,000 acres/320,000 hectares of additional forest lands to be certified to the Sustainable Forestry Initiative® (SFI®) Standard in Maine. This collaborative effort is an extension of an earlier project through which 620,000 acres/250,000 hectares were certified to the SFI 2010–2014 Standard in 2010 – bringing the total of additional lands certified to the SFI Standard to 1.4 million acres/570,000 hectares.
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  • 12.17.2011

    Packaging co MeadWestvaco expects to gain $1 billion in sales over next 5 years

    RICHMOND, Va. — Packaging company MeadWestvaco says it expects to gain about $1 billion of incremental revenue over the next three to five years by focusing on emerging markets and product innovation.

     

    The Richmond-based company told investors at a conference on Wednesday that it expects to see annual growth of 5 percent to 10 percent by continuing to build its packaging platform. Its markets include packaging for food, beverage, tobacco, personal care, home and garden products, health care, and corrugated packaging.

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