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Home » Business News
Business News
Monday 02. February 2009

Weyerhaeuser Names Risco VP – International Operations

Weyerhaeuser Company (NYSE: WY) today announced that Marvin (Ray) Risco has been named vice president-International Operations effective Jan. 26.

Monday 02. February 2009

Nebraska Book Company Obtains Approval for Revised Credit Agreement

Nebraska Book Company, Inc., a Kansas corporation (the “Company”), announced that it has received required lender approval for amendments to its current Senior Credit Facility. The Company indicated that it expects to close on the amendments within days.

Monday 02. February 2009

American Media Successfully Completes Financial Restructuring

American Media Operations, Inc. (the “Company”) announced today it had completed its financial restructuring with the successful completion of the cash tender offers for its outstanding senior subordinated notes (the “Tender Offers”) and receipt of requisite consents in the related consent solicitations (the “Consent Solicitations”) in respect of an aggregate of approximately $570 million of its outstanding senior subordinated notes, consisting of (1) $414,544,000 aggregate principal amount of 10 1/4% Series B Senior Subordinated Notes due 2009 (collectively, the “2009 Notes”) and (2) $155,454,000 aggregate principal amount of 8 7/8% Senior Subordinated Notes due 2011 (collectively, the “2011 Notes” and, together with the 2009 Notes, the “Existing Notes”).

Monday 02. February 2009

Metso’s Nomination Committee proposes seven members to the Board

The Nomination Committee established by Metso’s Annual General Meeting proposes to the next Annual General Meeting, which is planned to be held on March 31, 2009, that the number of Board members is seven.

Monday 02. February 2009

Fujifilm turns a biopharmaceutical venture Perseus Proteomics into its subsidiary to thrust into the antibody-based therapeutics business

FUJIFILM Corporation (President and CEO: Shigetaka Komori; hereafter, Fujifilm) has raised its equity stake in Perseus Proteomics, Inc. (President and CEO: Akiyuki Furuya; hereafter, Perseus) from 22% to approx. 77% to become its parent company.

Monday 02. February 2009

DANONE Successfully Completes the Sale of Frucor to Suntory

Danone Asia Pte Ltd, a subsidiary of Groupe DANONE (Paris:BN), has successfully completed the sale of its drinks subsidiary Frucor, based in New Zealand and Australia, to Suntory Limited, for an amount of over 600 million in cash.

Monday 02. February 2009

BASF’s research strategy focuses on innovative solutions for the issues of the future

Continuing research in the Growth Clusters, research budget at previous years’ high level; BASF Fuel Cell investing up to €10 million in new production plant in the United States

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