Organic Growth in RF Segment and Acquisition Performance Partially Offset Decline in Industrial and Energy Segments
NewPage announced today that it has engaged an investment banking firm, Sanabe & Associates, LLC, to support NewPage with the marketing and sales process for the Kimberly, WI facility. This is the same firm that helped NewPage market the Niagara, WI facility.
Strong 1Q09 Cash from Operations
The Annual Shareholders Meeting of Axel Springer AG agreed with the proposal made by the Supervisory Board and Management Board in Berlin on April 23, 2009 to allocate a share of EUR 130,603,699.60 of the net income of EUR 145,112,000.00 for the payment of dividends and to allocate the remaining amount of EUR 14,508,300.40 to other retained earnings.
Quebecor World Inc. has signed a multi-year agreement valued at approximately $100 million with Boardroom Inc., covering the printing and distribution of millions of newsletters, books, special reports and more.
The McClatchy Company (NYSE:MNI) today reported a net loss from continuing operations in the first quarter of 2009 of $37.7 million, or 45 cents per share. Adjusted for certain items, (1) the loss from continuing operations was $22.9 million, or 28 cents.
First-quarter net sales declined by 6% and amounted to EUR 438.0 (468.3) million. As 38% of Tieto’s net sales are generated in non-euro countries, the weakened currencies, especially the Swedish krona, had a negative impact on net sales in euros. In local currencies, net sales declined by 2%. Weak performance in the finance and telecom sectors had a negative impact on the Group’s net sales.
