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Home » Business News
Business News
Tuesday 30. December 2008

GLV Inc. Announces Cost-Reduction Measures in the Pulp and Paper Group

In response to the global economic slowdown, management of GLV Inc. (“GLV” or the “Company”; ticker symbols GLV.A, GLV.B / TSX) announces it has implemented measures in North America and Europe that will allow the Pulp and Paper Group to reduce its operating costs by some $5.5 M annually.

Tuesday 30. December 2008

TSO retains Drug Tariff contract

TSO has rewon the contract to print and distribute the Drug Tariff for the Department of Health, the contract will run for five years.

Tuesday 30. December 2008

Eastman Takes Additional Cost Reduction Actions in Response to Global Recession

Eastman Chemical Company (NYSE:EMN) today announced a series of actions the company is taking to respond to current economic conditions while continuing to pursue its plans for growth.

Tuesday 30. December 2008

Cereplast Secures $20 Million Financing Commitment

Cereplast, Inc. (OTCBB:CERP), manufacturer of proprietary bio-based sustainable plastics, today announced it has entered into a common stock purchase agreement to sell up to $20,000,000 of common stock to Cumorah Capital, Inc.

Tuesday 30. December 2008

Landec Corporation Names Steve Goldby as New Member of Board of Directors

Landec Corporation (Nasdaq: LNDC), a developer and marketer of patented polymer products for food, agriculture and licensed partner applications, today announced that Steve Goldby, a Partner with Venrock in Palo Alto and a patent attorney, has been named a director of Landec Corporation.

Tuesday 30. December 2008

Chesapeake Corporation Reaches Agreement to Sell All of Its Business Operations As a Going Concern to Affiliates of Irving Place Capital Management, L.P. and Oaktree Capital Management, L.P.

Parent Company and U.S. Operating Subsidiaries File Voluntary Chapter 11 Petitions in U.S. To Consummate Sale; All Global Manufacturing and Distribution Facilities Operating As Usual; Obtains Commitment For Up To $37 Million in DIP Financing To Fund Operations

Tuesday 30. December 2008

WEYERHAEUSER DISCONTINUES REVIEW OF WESTWOOD SHIPPING

Citing weaker shipping markets and tight financing conditions for potential buyers, Weyerhaeuser Company (NYSE:WY) today announced it is discontinuing active marketing of its Westwood Shipping Line.

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