Irving Paper Price Increase

Please be advised that Irving Paper will increase its prices of Irving SCA, Irving SCB, Irving Radiance (SCA+) and Irving Opulence (SCA++) $50USD/ST and $65CDN/ST effective with all new and existing orders shipping on and after November 1, 2016. This increase affects all basis weights.
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Staples Announces Stores Closed on Thanksgiving Day

Staples is helping customers make more happen this holiday season with great deals in stores, online and via mobile. On Thanksgiving Day, while Staples' stores are closed, will feature amazing savings with online deals so customers can shop from the comfort of their home. On Black Friday the deals in stores will begin at 6 a.m. in the majority of locations and where states allow - check for locations and hours. Visit for the latest deals through Cyber Monday. click Read More below for the rest of the release
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Verso Supercalendered Price Increase Announcement

Effective with all new and existing orders with confirmed delivery dates of November 1, 2016 and later, Verso Corporation is increasing the transaction price of all Supercalendered grades, including but not limited to: Voyager® and Superior Gloss® - $2.50/CWT USD or $3.25/CWT CAD. The increase applies to all basis weights and related private label grades.
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Port Hakwesbury Paper SC Price Announcement

PHP Sales Services, LLC is announcing a $2.50/cwt USD and $3.25/cwt CAD transaction price increase on all Supercalendered paper grades for orders shipping on or after November 1, 2016, regardless of order date. This pricing change includes all of the following grades: Maritime®; Prominence®; Prominence® Plus; Artisan®; Artisan® Plus. This price increase applies to all basis weights plus all related private label grades and associated brand extensions.
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UPM Paper Asia to be renamed UPM Specialty Papers

UPM Specialty Papers has global market leadership in labelling materials and focuses on high quality release liners, face papers and flexible packing papers. Fine papers continue to be an integral part of the business portfolio in Asia. The business area has a strong market position, competitive products and world-class assets in Finland and China. In 2015 its sales exceeded EUR 1,160 million. "Our business area has a solid foothold in Europe with our label and packaging materials. In Asia Pacific, we are one of the largest office paper suppliers and the new production line in Changshu has strengthened our labelling materials positioning in the region. In Americas we are establishing a stronger local presence by reinforcing our sales", says Bernd Eikens, Executive Vice President, UPM Specialty Papers.
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Oil Trims Second Monthly Gain as OPEC Agrees to Production Cut

West Texas Intermediate for November delivery was at $47.27 a barrel on the New York Mercantile Exchange, down 55 cents at 8:21 a.m. in London. The contract rose 78 cents to $47.83 on Thursday, capping a 7.1 percent advance over two days. Total volume traded was about 11 percent below the 100-day average. Prices are down about 2.1 percent for the quarter. Brent for November settlement, which expires Friday, lost as much as 67 cents to $48.57 a barrel on the London-based ICE Futures Europe exchange. Prices are up 3.4 percent this month and down 2.1 percent for the quarter. The global benchmark crude was at a premium of $1.37 to WTI. The more-active December contract was 64 cents lower at $49.17 a barrel.
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Costco Wholesale Corporation Reports Fourth Quarter and Fiscal Year 2016 Operating Results

Net sales for the fourth quarter were $35.73 billion, an increase of two percent from $34.99 billion in fiscal 2015. Net sales for the fiscal year were $116.07 billion, an increase of two percent from $113.67 billion last year. Net income for the fiscal year was $2.35 billion, or $5.33 per diluted share, compared to $2.38 billion, or $5.37 per diluted share, last year. Net income last year was positively impacted by a $57 million ($.13 per diluted share) tax benefit in connection with a second-quarter special cash dividend.
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InnerWorkings to Oversee Preferred Hotels & Resorts’ Branded Collateral, Magazine

Under the exclusive multi-year agreement, InnerWorkings will facilitate the production of all branded items that Preferred Hotels & Resorts creates for its offices, member hotels, current and potential partners and loyal guests, from the company’s Preferred Travel magazine to collateral for its iPrefer hotel rewards program, as well as all related shipping and freight logistics. “InnerWorkings will help us improve time and cost efficiencies by consolidating our global marketing supply chain,” explains Ken Mastrandrea, COO at Preferred Hotels & Resorts. “We look forward to the transparency and simplicity of their single, global solution.”
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