XML FeedsCategory: Financial News
Catalyst Paper trims loss to just $4.4 million in 2009
Mar 12, 2010 | In Financial News | Send feedback »
Catalyst Paper is saying that their "extraordinary cost reduction measures" allowed them to trim their company's losses for 2009, to just $4.4 million - down from a loss of $220 million in 2008.
"We bore the full brunt of a global recession and struc… more »
CEP doesn't like today's budget - it does nothing for forest workers or pensioners
Mar 4, 2010 | In Misc., Financial News | 3 feedbacks »
"All political parties should vote to bring this government down now," says Communications, Energy and Paperworkers Union President Dave Coles in reaction to today's budget."Yet another budget, filled with rhetoric and platitudes, that does nothing f… more »
Western Forest Products reports quarterly net loss of $3.1 million
Mar 4, 2010 | In Financial News | Send feedback »
Western Forest Products has posted a net quarterly loss of $3.1 million for its fourth quarter of 2009, on sales of $139.3 million.
Over the entire year of 2009, Western Forest Products posted a net loss of 75.3 million on sales of $580.5 million.… more »
Ainsworth reports a net loss of $12.4 in their fourth quarter
Feb 26, 2010 | In Financial News | Send feedback »
Ainsworth Lumber Co. Ltd. has released its 2009 fourth quarter and year end results.
In their fourth quarter, Ainsworth recorded a net loss of $12.4 million, compared to a net loss of $156.7 million in the fourth quarter of 2008.
Over the full year… more »
AbitibiBowater Files NAFTA Notice of Arbitration Seeks C$500 Million Compensation for Expropriation of Assets in Canada
Feb 25, 2010 | In Financial News | 2 feedbacks »
AbitibiBowater today filed a Notice of Arbitration under the North American Free Trade Agreement ("NAFTA") with regards to the expropriation of its assets and rights in Newfoundland and Labrador, Canada. The Company contends that the provincial governmen… more »
White Birch Paper Company to Restructure Debt
Feb 24, 2010 | In Financial News | Send feedback »
The White Birch Paper Company and its subsidiaries have announced that they have sought creditor protection in Canada under the Companies’ Creditors Arrangement Act to preserve and maximize the value of the business and improve their capital structure.… more »
AbitibiBowater Receives Court Orders to Call for Employee and Other Creditor Claims
Feb 24, 2010 | In Financial News | Send feedback »
AbitibiBowater announced today the Company has received approval for a process to call for employee and other specified creditor claims (the "Second Claims Process") by the Quebec Superior Court in Canada and the U.S. Bankruptcy Court for the District of… more »
Restructuring of AbitibiBowater could be hampered by environmental claims in Newfoundland & Labrador
Feb 23, 2010 | In Environmental News, Financial News | 1 feedback »
The province of Newfoundland and Labrador has issued 5 ministerial environmental claims that order AbitibiBowater to clean several sites.
Some of these sites are still owned by AbitibiBowater but are not in operation, and some of them have been expr… more »
Terrace Bay Pulp receives extension to creditor protection
Feb 23, 2010 | In Financial News | 1 feedback »
Terrace Bay Pulp received an extension to its creditor protection today.
The company now has protection from its creditors until April 30th, 2010.
Today in the Superior Court of Justice, documents were filed with the court that list 373 claims a… more »
NewPage reports net loss of $55 million in its fourth quarter
Feb 18, 2010 | In Financial News | Send feedback »
NewPage Corporation has reported a net loss of $55 in its fourth quarter of 2009 on net sales of $857 million.
For the full year 2009, net loss attributable to the company was $308 million, including $133 million related to debt refinancing in the t… more »
Domtar's stock price on an "incredible run"
Feb 17, 2010 | In Financial News | Send feedback »
Since reaching a low last March of $7.80, Domtar's stock price has soared to around $54.
The stock has lost a little air since topping $62 in December, but its current range ranks it as one of the biggest turnaround stories of the past year.
Will t… more »
West Fraser Timber posts quarterly net loss of $20 million
Feb 14, 2010 | In Financial News | Send feedback »
West Fraser Timber has posted a net loss of $20 million in its fourth quarter on sales of $647 million.
2010 is expected to be another challenging year for West Fraser's lumber and panel operations as U.S. housing starts, although expected to improve… more »
Fraser Papers, Brookfield meet union on pensions
Feb 12, 2010 | In Financial News | 1 feedback »
At this hour, Fraser Papers, Brookfield Asset Management, and the Government of New Brunswick are meeting with the Communications, Energy and Paperworkers Union of Canada in Toronto.
The meeting follows an aggressive, public campaign by Canada's larg… more »
Interfor's results continue to improve, but still post net loss of $5 million
Feb 12, 2010 | In Financial News | Send feedback »
Interfor, International Forest Products Limited, have posted a net loss of $5.0 million in its fourth quarter of 2009.
These results can be compared to a net loss of $7.5 milliion in Interfor's third quarter. In the fourth quarter of 2008, Interfor p… more »
Canfor posts net quarterly loss of $17 million
Feb 10, 2010 | In Financial News | Send feedback »
Canfor has reported a net loss of $17 million in their fourth quarter of 2009. The loss can be compared to a net loss of $5.2 million for the third quarter of 2009 and a net loss of $229.8 million for the fourth quarter of 2008.
For the entire year o… more »
