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Home » Business News
Business News
Wednesday 19. August 2009

HP Reports Third Quarter 2009 Results

Net revenue of $27.5 billion, down 2% from the prior year and up 4% in constant currency; GAAP operating profit down 14% to $2.2 billion; GAAP earnings per share $0.67, down from $0.80 a year earlier; Non-GAAP operating profit up 8% to $3.0 billion; non-GAAP earnings per share $0.91, up from $0.86 a year earlier; Cash flow from operations of $3.9 billion, up 15% from the prior year; Record Services profit of $1.3 billion

Wednesday 19. August 2009

Stora Enso continues the change

The Group plans to further reduce its high-cost manufacturing base

Wednesday 19. August 2009

Stora Enso will take an impairment charge of about EUR 347 million in the third quarter of 2009

Stora Enso has undertaken goodwill and fixed asset impairment testing during the third quarter of 2009. The resultant impairment charge will have a negative non-cash impact of about EUR 347 million on the Group’s third quarter operating profit, which will be reported as non-recurring item. This impairment charge is in addition to the fixed asset impairment of EUR 245 million announced earlier today in respect of asset restructuring.

Wednesday 19. August 2009

Nordson Corporation Increases Dividend for Fourth Quarter of Fiscal Year 2009

46th consecutive year of dividend increases ranks company 16th for longest running record of increases

Tuesday 18. August 2009

MeadWestvaco Corporation Announces Offering of Notes

MeadWestvaco Corporation (NYSE:MWV) today announced that it has commenced a public offering of $250 million aggregate principal amount of its Notes due 2019.

Tuesday 18. August 2009

MeadWestvaco Corporation Announces Cash Tender Offer for its 6.85% Notes Due 2012

MeadWestvaco Corporation (NYSE:MWV) (“MeadWestvaco” or “MWV”) today announced the commencement of a cash tender offer for up to $250 million in aggregate principal amount (the “Maximum Tender Amount”) of its 6.85% Notes due 2012 (the “2012 Notes”).

Tuesday 18. August 2009

WEYERHAEUSER COMPLETES SALE OF COMMERCIAL BUSINESS TO ATLAS HOLDINGS LLC

Weyerhaeuser Company (NYSE: WY) today announced the completion of the sale of its Commercial business to a wholly-owned subsidiary of Atlas Holdings LLC. Terms of the sale were not disclosed.

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