Tuesday 01. September 2009
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Business News
Tuesday 01. September 2009
Rockwell Automation Endorses Creating a U.S. Manufacturing Czar; Calls Press Briefing to Seek Federal Support to Transform Manufacturing
Rockwell Automation applauds President Obamas decision to create a position to steer U.S. manufacturing policy and has set a press briefing to seek federal support to research and develop smarter, safer and more sustainable manufacturing.
Tuesday 01. September 2009
schlott gruppe announces planned change to composition of Supervisory Board
Number of employees in 2009 remains below threshold for co-determined Supervisory Board following sale of sachsendruck and staff downsizing; Supervisory Board to be composed solely of investor representatives based on opinion of Management Board
Tuesday 01. September 2009
CPI Corp. Announces 2009 Second-Quarter Results
Comparable same-store sales, excluding impacts of revenue deferral adjustments, foreign currency translation, loyalty program revenue deferral and store closures, decreased 8% versus the prior-year second quarter.
Tuesday 01. September 2009
MeadWestvaco Corporation Announces Early Tender Results, Increased Maximum Tender Amount and Increased Late Tender Offer Consideration for its Cash Tender Offer for its 6.85% Notes Due 2012
MeadWestvaco Corporation (NYSE: MWV) (“MeadWestvaco”, “MWV”, or the “Company”) today announced the early tender results of its previously announced cash tender offer (the “Tender Offer”) for its 6.85% Notes Due 2012 (the “Notes”). As of the previously announced Early Tender Deadline of 5:00 p.m., August 28, 2009, according to information provided by the depositary, $312,070,000 aggregate principal amount of the Notes had been validly tendered and not withdrawn. MeadWestvaco also announced that it is increasing its previously announced Maximum Tender Amount from $250,000,000 to $325,000,000.
Tuesday 01. September 2009
Appleton Announces Extension of Consent Date for Private Exchange Offers and Consent Solicitations and Receipt of Approximately 82% of Senior Notes and 77% of Senior Subordinated Notes
Appleton Papers Inc. announced today that it is extending the consent date for its previously announced private offers to exchange its outstanding 8.125% Senior Notes due 2011 (the “senior notes”) and 9.75% Senior Subordinated Notes due 2014 (the “senior subordinated notes,” and together with the senior notes, the “old notes”) for new 11.25% Second Lien Notes due 2015 (the “new notes”).
Tuesday 01. September 2009
Sappi Southern Africa Commences Consultations Regarding Cost Reduction and Efficiency Improvement Initiatives at Its Kraft and Fine Paper Mills in South Africa
Sappi Southern Africa (NYSE:SPP) today began a process of consultations with employees and trade unions at its Kraft and Fine Paper mills regarding cost reduction and efficiency improvement initiatives to ensure that the company is well positioned to take full advantage of the expected improvement in operating conditions and markets.