An Economic Tale Of 2 Newsweeklies

The U.S. economy may be chugging along, but U.S. magazine editors still think the big story is the economy, stupid. But two major newsweeklies -- Bloomberg Businessweek and Time — took different tacks with their cover stories, focusing on the inequity of the U.S. economic expansion and the disruption being created by the so-called “sharing economy,” respectively.
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Huhtamäki Oyj completed the acquisition of Positive Packaging

Huhtamaki has completed the acquisition of Positive Packaging, a flexible packaging company with nine manufacturing facilities in India and the United Arab Emirates as well as significant business in Africa and other export markets. With the acquisition Huhtamaki continued to implement its strategy of quality growth and significantly strengthens its position in the fast-growing emerging markets.
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EFI Reports Record Revenue for Fourth Quarter and Full Year 2014

For the quarter ended December 31, 2014, the Company reported record revenue of $211.1 million, up 7% compared to fourth quarter 2013 revenue of $197.2 million. Non-GAAP net income was $25.1 million or $0.52 per diluted share, which included an unfavorable non-operational currency impact of $0.02 per share, compared to non-GAAP net income of $23.8 million or $0.49 per diluted share for the same period in 2013, which included a favorable non-operational currency impact of $0.01 per share. GAAP net income was $11.9 million or $0.25 per diluted share, compared to $75.2 million or $1.54 per diluted share for the same period in 2013.
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Ebooks Will Surge in Classrooms, Study Says

Classroom materials will dramatically transition from paper to digital books in the next two years, educators predict, according to a survey from LightSail Education, a K–12 literacy platform that partners with Baker & Taylor. The January 28 report, polling 475 educators, predominantly school and district leaders, also revealed a strong preference for digital libraries over rental models.
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‘Big Oil’ Cuts $20 Billion in Five Hours to Preserve Dividends

Royal Dutch Shell Plc will cut $15 billion of investment over the next three years as the crash in oil prices saw fourth-quarter profit miss forecasts. Shell, the first of the world’s largest oil companies to report earnings following the slump in crude to a five-year low, will defer or cancel about 40 projects worldwide, Chief Executive Officer Ben van Beurden said today. Exploration will also be curtailed.
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Tembec reports financial results for its first quarter ended December 27, 2014

Consolidated sales for the three-month period ended December 27, 2014, were $332 million, as compared to $354 million in the same quarter a year ago. The Company generated a net loss of $62 million or $0.62 per share in the December 2014 quarter compared to net earnings of $2 million or $0.02 per share in the December 2013 quarter. The current quarter results include a non-recurring debt refinancing charge of $37 million and a non-cash loss of $17 million related to the translation of US dollar denominated debt. Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $20 million for the three-month period ended December 27, 2014, as compared to adjusted EBITDA of $13 million a year ago and adjusted EBITDA of $29 million in the prior quarter.
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Inflight empire: How Ink Global is cornering airline magazine market

The front pocket of an airline seat may seem an unlikely place to find a winning business model, but the slender space in front of the laminated safety card has been a goldmine for the UK publisher Ink Global for the better part of 20 years. "I'm fed up with listening to whiners in the media who talk about the decline of print -- I just don't believe that to be true," says Ink co-founder Michael Keating. "I think inflight magazines actually buck that trend."
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