Sales up 2.9 percent, EBIT before special items up 19 percent compared with third quarter of 2009
AbitibiBowater today filed a Notice of Arbitration under the North American Free Trade Agreement (“NAFTA”) with regards to the expropriation of its assets and rights in Newfoundland and Labrador, Canada. The Company contends that the provincial government’s enactment in December 2008 of Bill 75, which expropriates an extensive array of the Company’s rights and assets, was arbitrary, discriminatory and illegal under international law.
For the first time ever, GOA 2011 set for the Orange County Convention Center, February 24-26, 2011
New entity will report directly to company headquarters in Japan
Newspaper publisher A. H. Belo Corporation (NYSE:AHC) reported preliminary fourth quarter 2009 and preliminary full-year 2009 financial results today and will discuss these preliminary results during the conference call scheduled for 1:00 p.m. CST. On February 12, 2010, the Company issued a press release stating that its 2009 audit is substantially complete but additional time is required to finalize the accounting treatment of its future pension obligations with the Company’s new public accounting firm.
Traditional publishing industry is experiencing a new surge of digitization after completing the evolution from “type and fire” to “laser and electronics.” Building from the basis of the traditional publishing industry, and employing the strength of the advantage of modern high-tech information technology, digital publishing has entered a stage of rapid development by virtue of the vigorous support of the government as well as active promotion by enterprises within the industry.
AbitibiBowater announced today the Company has received approval for a process to call for employee and other specified creditor claims (the “Second Claims Process”) by the Quebec Superior Court in Canada and the U.S. Bankruptcy Court for the District of Delaware. This Second Claims Process follows an earlier call for specified creditor claims which was approved by the courts and announced on September 4, 2009 (the “First Claims Process”).
