$1 bn net income incl. $380-million gain from previously-announced provision adjustments
The New York Times Company announced today that Christopher M. Mayer, senior vice president for circulation and operations at The Boston Globe, has been named publisher of that paper and head of the New England Media Group. He succeeds P. Steven Ainsley, who is retiring at the end of the year. Mr. Mayers appointment is effective January 1, 2010.
In response to adverse market conditions, as well as the cumulative severe impact of fire damage over the past few years, in particular the fires of August 2008 which destroyed 40% of the Usutu timber crop, it has become apparent that the Sappi Usutu Pulp Mill is no longer sustainable.
Decrease in Group sales of 8.1 percent; Recurring EBIT amounted to 43 million Euro – significant improvement versus the third quarter of 2008 (27 million Euro) and the second quarter of 2009 (38 million Euro); Operating result nearly doubled versus the third quarter of 2008; Continued decrease of SG&A costs – ahead of previously announced plans; Positive net result of 4 million Euro; Further strong net financial debt reduction to 500 million Euro – Improvement of 350 million Euro over 2-year period
Raises 2009 Adjusted EBITDA* Guidance to be Between $255 and $265 Million From $245 Million
Norske Skog has been ranked the best company in the Nordic region in terms of climate reporting and openness about the climate challenges facing the company.
More than 35 Chinese manufacturers and suppliers have already confirmed their stand bookings at Ipex 2010, adding more than 1,600 sqm of floor space to the international event which will take place from 18th – 25th May 2010 at the NEC in Birmingham, UK.
