Wednesday, May 9, 2012

Consolidated Graphics Reports Declines

Consolidated Graphics Reports Declines in Revenue and Income: Consolidated Graphics announced financial results for its fourth quarter and year ended March 31, 2012. Its revenue for the quarter totaled $250.6 million, a $7.6 million decrease (2.9 percent) compared to the prior-year quarter.

Catalyst Moves Creditor Meetings To May 18th

http://foresttalk.com/index.php/2012/05/09/catalyst-paper-pushes-creditor-meetings-back-another-3-days/
Catalyst Paper has 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.

Norway Central Bank's 5% Stake in Stora

Norway central bank takes 5 pct stake in Stora:
Norway's central bank raised its stake in Finnish paper maker Stora Enso to over 5 percent, according to a regulatory filing on Wednesday.

AF&PA Testimony In Favor Of Illegal Logging


American Forest & Paper Association (AF&PA) President and CEO Donna Harman testified today on Capitol Hill on the implementation and enforcement of the 2008 Lacey Act amendments, citing industry concerns over the proposed RELIEF Act (H.R. 3210) and FOCUS Act (H.R. 4171).


USPS To Cut Hours


The U.S. Postal Service is backing off a previous plan to close thousands of post offices, and will instead cut hours at 13,000 rural facilities in an effort to save $500 million a year.