XML FeedsCategory: Financial News
EACOM posts loss of $2.5 million in its latest quarter
Aug 31, 2010 | In Financial News | 1 feedback »
EACOM Timber Corporation has posted a loss of $2.5 million in its latest quarter, compared to a loss of $205,000 a year ago. (The quarter results do not include any operations of the acquired Forest Products Business because acquisition was completed on… more »
B.C's firefighting bill is up to $170 million
Aug 30, 2010 | In Forest Fires, Financial News | Send feedback »
The cost of fighting forest fires in British Columbia this year has topped $170 million.
As of yesterday, the fires had burned 322,349 hectares in B.C. More than half of that amount was in the Cariboo Fire Centre.
There are no more evacuation orde… more »
Fraser Papers will be late in filing second quarter results
Aug 30, 2010 | In Financial News | Send feedback »
Fraser Papers Inc.Fraser Papers Inc. announced today that the financial statements for the interim period ended July 3, 2010, including the related management discussion and analysis, and CEO and CFO certifications will not be filed by the September 1, 2… more »
Premier Danny Williams pleased with AbitibiBowater deal
Aug 26, 2010 | In Financial News | Send feedback »
Newfoundland and Labrador Premier Danny Williams is pleased with the recently announced deal that will see Canada pay AbitibiBowater $130 million to settle the pending trade war over the province's action to seize the company's assets.
Premier William… more »
AbitibiBowater wins approval of court to borrow $1.35 billion
Aug 25, 2010 | In Financial News | 2 feedbacks »
AbitibiBowater won approval of a U.S. court today to borrow $1.35 billion to fund the company's exit from bankruptcy.
The Judge gave permission to borrow the funds after no objection to the financing proposal was received.
Units of JPMorgan Chase &… more »
Auction of White Birch Paper postponed
Aug 25, 2010 | In Financial News | Send feedback »
A creditor of the White Birch Paper company, has complained about the auction of White Birch Paper's assets.
Service d'Impartition Industrial holds a $1.75 million construction lien on White Birch's FF Soucy plant in Riviere-du-Loup, Quebec, and is un… more »
St. Marys Paper wants more cash from Ontario
Aug 25, 2010 | In Financial News | 1 feedback »
St. Marys Paper in Sault Ste. Marie has submitted its latest restructuring plan to the Ontario government - a plan that includes a funding request in the tens of millions of dollars.
The province of Ontario has already put millions of dollars into the… more »
AbitibiBowater Announces Intention to Withdraw NAFTA Notice of Arbitration - Settlement Agreement Reached with the Government of Canada for C$130 Million
Aug 24, 2010 | In Financial News | 2 feedbacks »
AbitibiBowater today announced a formal settlement agreement with the Government of Canada with regards to its assets and rights in Newfoundland and Labrador, Canada, expropriated by the provincial government under Bill 75 in December 2008. The Governmen… more »
Peter Brant sells his Picasso to try to save White Birch from bankruptcy
Aug 24, 2010 | In Financial News | Send feedback »
Peter M. Brant, American businessman and owner of the White Birch Paper Company has sold a painting by Pablo Picasso reportedly in an effort to save his White Birch Paper Company from bankruptcy.
This information was disclosed during an Aug. 6 court h… more »
AbitibiBowater upgrades LaTuque sawmill
Aug 21, 2010 | In Financial News | Send feedback »
AbitibiBowater is investing $1.8 million into its La Tuque sawmill in Quebec to enhance the mill's production.
La Tuque is roughly 240 kilometres north of Quebec City.
AbitibiBowater said employee wage concessions and lower fibre costs allowed them… more »
AbitibiBowater posts a quarterly loss of $297 million
Aug 18, 2010 | In Financial News | 4 feedbacks »
AbitibiBowater has reported a net quarterly loss of $297 million (US) compared to $510 million in the same quarter a year ago.
Revenues grew 14 per cent to US$1.18 billion from US$1.04 billion on higher prices for paper, pulp and wood products, though… more »
AbitibiBowater wants to borrow $1.35 billion to exit from bankruptcy protection
Aug 9, 2010 | In Financial News | 4 feedbacks »
AbitibiBowater is seeking approval to borrow $1.35 billion to exit from bankruptcy protection.
However, AbitibiBowater wants the fees for borrowing the $1.35 billion kept confidential. The arranging banks are JPMorgan Chase, Barclays Plc, and Citigro… more »
Ainsworth posts net loss of $17.3 million
Aug 8, 2010 | In Financial News | Send feedback »
Ainsworth Lumber Co. Ltd. has posted a net quarterly loss of $17.3 million compared to a net income of $29.8 million in the second quarter of 2009.
Ainsworth President and CEO Rick Huff said, "Based on the work we have done to streamline the business… more »
PRT reports net earnings of $181K
Aug 7, 2010 | In Financial News | Send feedback »
PRT Forest Regeneration Income Fund (the "Fund") has announced results for its second quarter ended June 30, 2010.
For the six month period ending June 30, 2010, the Fund reported net earnings of $181,000 ($0.02 per unit) and Cash Available for Distr… more »
NewPage reports net quarterly loss of $174 million
Aug 5, 2010 | In Financial News | Send feedback »
NewPage Corporation has reported a net quarterly loss of $174 million, compared to a net loss of $6 million a year ago.
Net sales were $890 million in the second quarter of 2010 compared to $736 million in the second quarter of 2009, an increase of $1… more »
