With the opening of its new Paper Lab, Sappi continues to add functionality to the Competence Centre for Speciality Papers and Boards at its Alfeld mill. “This Paper Lab will enable us to take our consistently high quality paper product to an entirely new level,” says Kristof Mertens, Manager for Quality Control at Sappi. “We will also be using the Paper Lab to conduct field quality testing with the latest in technological capabilities.” The establishment of the Paper Lab is a further step in the expansion of the speciality papers division at Sappi and follows the approximately 61 million euro rebuild of the PM 2 paper machine officially launched during an opening ceremony last year.
Driven by its acquisition of Harlequin, revenue rose 20% at HarperCollins in the second quarter ended December 31, 2014 over the comparable period in fiscal 2014, hitting $469 million. EBITDA increased 13%, to $77 million. Parent company News Corp noted that using adjusted results, which exclude the Harlequin purchase, sales rose by $1 million to $392 million, but EBITDA dropped to $65 million from $68 million.
News Corporation (“News Corp” or the “Company”) (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended December 31, 2014. The Company reported fiscal 2015 second quarter total revenues of $2.28 billion, a 2% increase as compared to prior year second quarter revenues of $2.24 billion. The majority of the revenue increase reflects strength in the Book Publishing and Digital Real Estate Services segments, partially offset by lower advertising revenues at the News and Information Services segment and negative foreign currency fluctuations. Adjusted revenues (as defined in Note 1) were flat compared to the prior year.
On Wednesday, talks between the Pacific Maritime Association (PMA) representing port management, and the International Longshore and Warehouse Union (ILWU) officially broke down. Without an agreement, experts have suggested that nearly 30 west coast ports could be shut down within a week. According to reports, the two sides remain at odds on several issues, including wages, pensions and arbitration to settle contract disputes.
RadioShack Corp., the 94-year-old consumer- electronics chain, filed for bankruptcy with a plan to turn about half of its 4,000 stores into Sprint Corp. locations and close the rest.
Ink, the world’s leading travel Media Company, launches the second of its three new magazines for American Airlines, Nexos magazinein February 2015. Launching with an exclusive feature story and shoot with Gloria and Emilio Estefan in Miami, the bi-monthly magazine expands its reach by being available on a new suite of multi media platforms including: onboard magazines for passengers travelling on routes: Latin America, Caribbean, Mexico and Spain, online, mobile and tablet formats.
Domtar Corporation (NYSE: UFS) (TSX: UFS) today reported net earnings of $71 million ($1.10 per share) for the fourth quarter of 2014 compared to net earnings of $281 million ($4.33 per share) for the third quarter of 2014 and net earnings of $65 million ($1.00 per share) for the fourth quarter of 2013. Sales for the fourth quarter of 2014 were $1.4 billion.
Brent crude climbed 10 percent this week, adding to an 8.6 percent gain last week. It’s still about half the price it was in June. The CBOE Crude Oil Volatility Index, which measures price fluctuations using options of the U.S. Oil Fund, ended at 63.14 on Thursday, the most since April 2009. Saudi Arabia cut prices for March exports to Asia to the lowest in at least 14 years, signaling OPEC’s largest producer may continue to fight for market share.
AAA Fuel Gage 02/06/15 National Average Prices: http://www.fuelgaugereport.aaa.com/ Regular: Current Average - $2.166/gallon Month Ago Average - $2.194/gallon Year Ago Average - $3.270/gallon Diesel: Current Average - $2.805/gallon Month Ago Average - $3.086/gallon Year Ago Average - $3.920/gallon Current Exchange Rates as of 02/06/15 12:53 UTC American Dollar to Canadian Dollar = 0.803710 American Dollar to Chinese Yuan = 0.160176 American Dollar to Euro = 1.145848 American Dollar to Japanese Yen = 0.008526 American Dollar to Mexican Peso = 0.067866 http://www.x-rates.com/table/?from=USD&amount=1.00
Fourth Quarter 2014 Summary * Reported earnings per share increased 17% to a record $0.63 per share compared to $0.54 per share in the prior year * Comparable earnings per share for the prior year, neutralizing exceptional items and currency effects, were $0.59 * Reported sales declined 6% on foreign currency exchange rate headwinds and soft demand in certain markets