Tuesday 17. March 2009
X-RITE ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2008 FINANCIAL RESULTS
Company announces first quarter 2009 sales update
Business News
Tuesday 17. March 2009
Eric Armour Named President of Xerox’s Global Business and Strategic Marketing Group
Eric Armour has been named president of Xerox Corporation’s (NYSE: XRX) Global Business and Strategic Marketing Group. Armour, currently vice president, Corporate Strategy, succeeds Quincy Allen, who is leaving Xerox to pursue an opportunity with another firm.
Tuesday 17. March 2009
ABITIBIBOWATER ANNOUNCES EXTENSION OF EXPIRATION DATE FOR PRIVATE DEBT EXCHANGE OFFERS, CONSENT SOLICITATION AND CONCURRENT PRIVATE NOTES OFFERING
AbitibiBowater Inc. (“AbitibiBowater”) announced today that Bowater Finance II LLC, an indirect wholly owned subsidiary of AbitibiBowater, has extended the expiration date for its previously announced private exchange offers (the “Exchange Offers”), consent solicitation (the “Consent Solicitation”) and concurrent private notes offering (the “Concurrent Notes Offering”) until 11:59 p.m., New York City time, on March 20, 2009, unless further extended. The Exchange Offers, Consent Solicitation and Concurrent Notes Offering had been scheduled to expire at 11:59 p.m., New York City time, on March 13, 2009. As of March 13, 2009, approximately 54.5% of the outstanding 9.00% Debentures due 2009, 58.2% of the outstanding Floating Rate Senior Notes due 2010, 64.9% of the outstanding 7.95% Notes due 2011, 68.6% of the outstanding 9.50% Debentures due 2012, 79.2% of the outstanding 6.50% Notes due 2013 and 40.4% of the outstanding 9.375% Debentures due 2021 were validly tendered and not validly withdrawn in the Exchange Offers.
Tuesday 17. March 2009
PNEAC Announces 2009 Publication of the Year Awards
The Printers National Environmental Assistance Center (PNEAC) announces two winners of the Publication of the Year award.
Tuesday 17. March 2009
Cenveo Announces Full Year 2008 Results
Strong operational performance highlighted by record financial results across a number of metrics
Tuesday 17. March 2009
Alcoa Takes Decisive Action: Cost Structure Improved and Liquidity Reinforced
$2 Billion in Procurement Efficiencies by 2010; $400 Million in Overhead Rationalization by 2010; Capital Expenditures Reduced to $850 Million Sustaining Rate in 2010; $800 Million of Working Capital Cash Improvement in 2009 Quarterly Dividend Reduced from $.17 to $.03, Saving More Than $400 Million Annually; Public Offering of Approximately $1.1 Billion of Common Stock and Convertible Notes
Tuesday 17. March 2009
Slump in demand leads to sharp fall in sales for the Gallus Group amounting to CHF 237 million (previous year: CHF 289 million).
Fall in demand in the label business