Paul Quinn News
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Resolute Forest Products Inc. Chief Executive Officer Richard Garneau says the world’s largest newsprint maker will consider acquisitions as lower borrowing costs aid a push into more lucrative products.
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Lumber futures fell the most in more than a week, capping the longest stretch of declines since 1999, as unseasonably cold and wet weather hampers home building in much on the U.S.
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International Paper Co., the world’s largest maker of office paper, is in talks about combining its xpedx unit with Bain Capital’s Unisource Worldwide Inc. to form the biggest distributor of office and copier paper.
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Lumber futures rose, capping the biggest four-session rally since 2010, on mounting speculation that construction in China is boosting demand for imported wood.
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Wood-panel makers Norbord Inc. and Ainsworth Lumber Co., among the best-performing Canadian stocks this year, will probably cool in 2013 as the accelerating U.S. housing recovery entices producers to restart idled mills.
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The U.S. Coalition for Fair Lumber Imports may file a trade complaint against British Columbia wood producers over increased processing of timber that has low government harvesting fees, RBC Capital Markets said.
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Fortress Paper Ltd. Chief Executive Officer Chad Wasilenkoff says his strategy of buying unprofitable Canadian pulp mills will either spark a rally or push him to buy the whole company.
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International Paper Co. may cut its $3.31 billion takeover offer for Temple-Inland Inc. after shares of rival packaging makers fell and the U.S. economic outlook weakened, Royal Bank of Canada and Deutsche Bank AG said.
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Lumber futures fell on speculation that the highest price in more than four years didn’t reflect the outlook for demand.
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The assertion that a short seller offered to sell market-moving research to other traders before making it public is failing to sway investors after the biggest plunge in the history of Sino-Forest Corp.
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