http://ruksa.org/?p=57
The Austell, Ga.-based recycled paperboard and packagingcompanuy (NASDAQ: CSAR) posted a net loss of $4.4 milliob and a loss per share of 15 compared with net income of $200,000p and earnings of 1 cent a sharde in the first quarter of 2008. The resultxs for the first quarter of 2009include $9.5 million in restructurinh and impairment costs, while the results for the comparablew period in 2008 include $700,000 in restructuring and impairmentf costs. The loss was mostlu due to thoseincreased costs, a higher pension expensr of $2.3 million and higher professional fees of $1.9 millionm related to efforts to restructur e the company's senior notes maturinyg on June 1.
Sales dipped about 27 percengtto $159.3 million in the firsgt quarter. "Despite a challenging economic backdrop, the company was able to deliversolid results,” said Michael J. Keough, president and CEO of in an earnings release. “... Our firsr quarter 2009 results, however, were impacted by weaketr volume, particularly in our tube and core as industrial productionremained slow. We recoupesd some losses due to lowerfibef costs, quarter-over-quarter.
We are beginning to see margin compressiobn as fiber costs rise and capacithy utilization decreases because ofdeclining
Tuesday, November 30, 2010
Saturday, November 27, 2010
Serious Materials acquires Kensington Windows - Pittsburgh Business Times:
http://www.aretops.org/article/Weve-joined-forces---.html
Today, those workers have some hope of returningy to theirold site, with the announcement that energy-efficien glass maker has purchased the Kensington plan t and will reopen its doors within 30 The company declined to disclose terms of the The green-minded manufacturer, based in Calif., has been involved in the Kensington project from the time it closed, said its president and CEO Kevibn Surace. The 100,000-square-foot facility in Vandergrif has the capacity tomanufacture 13,000 windows per Once online, Kensington and anotherf recently closed plant in Chicagio that has been sold to Serious Materials will increase the company’ss output 10-fold, Surace said.
“We’ve been sold out, so we are desperatelyy seeking capacityright now,” Surace said. “We are inundated with opportunity. Inundated at all our The company has two factories in California and one in each is smaller than theKensington site. “We’rd packed. Packed! We’re overloaded with orders,” Suracer said. Surace said severakl companies bid on the Vandergrift plant and that the deal was brokeredcby . When Kensington closed after 30 years of many of its former workers are waitin g for phone calls from theirf union and Serious Materials for news ofpotentiall employment.
“There are people that we’ll be hiringg back,” Surace confirmed. But the procesd will be somewhat starting with perhaps only a dozen workeras and rebuilding the customer base that vanished during the plant’s three-month-long closure. Surace said the plant, once will start producing product withinseveral weeks. “I don’f know what we’re doing from a job perspective. A lot of thosew people are gonnabe back. We need everythintg from managementto sales.
” The company announce today that it will install new equipment “to make super-insulatint windows and commercial
Today, those workers have some hope of returningy to theirold site, with the announcement that energy-efficien glass maker has purchased the Kensington plan t and will reopen its doors within 30 The company declined to disclose terms of the The green-minded manufacturer, based in Calif., has been involved in the Kensington project from the time it closed, said its president and CEO Kevibn Surace. The 100,000-square-foot facility in Vandergrif has the capacity tomanufacture 13,000 windows per Once online, Kensington and anotherf recently closed plant in Chicagio that has been sold to Serious Materials will increase the company’ss output 10-fold, Surace said.
“We’ve been sold out, so we are desperatelyy seeking capacityright now,” Surace said. “We are inundated with opportunity. Inundated at all our The company has two factories in California and one in each is smaller than theKensington site. “We’rd packed. Packed! We’re overloaded with orders,” Suracer said. Surace said severakl companies bid on the Vandergrift plant and that the deal was brokeredcby . When Kensington closed after 30 years of many of its former workers are waitin g for phone calls from theirf union and Serious Materials for news ofpotentiall employment.
“There are people that we’ll be hiringg back,” Surace confirmed. But the procesd will be somewhat starting with perhaps only a dozen workeras and rebuilding the customer base that vanished during the plant’s three-month-long closure. Surace said the plant, once will start producing product withinseveral weeks. “I don’f know what we’re doing from a job perspective. A lot of thosew people are gonnabe back. We need everythintg from managementto sales.
” The company announce today that it will install new equipment “to make super-insulatint windows and commercial
Thursday, November 25, 2010
Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - Business First of Buffalo:
aleshnikovenil.blogspot.com
NHL court filings with the U.S Bankruptcy Court handlinfg the Coyotes Chapter 11 bankruptcy protection includes a list of possible owners that would keep the team in They include: Howard Sokolowski and Davied Cynamon, owners of the Canadianm Football League's Toronto Argonauts; Chicagok White Sox owner Jerry Coyotes minority owner John and an unnamed Phoenix-area business executive as possible Research in Motion CEO Jim Balsillie already has a $213 million offer on the table for the Coyotee and would move the team to Ontario. The Coyotes have lost $316 millio n since moving to the Phoenix marketyfrom Winnipeg, Canada, in 1996.
Balsillie's offer is expected to be substantiall y greater than any offer to keep the teamin Glendale. RIM makee Blackberry smartphones and Balsillie is a billionaire who has made offerds for otherNHL teams. The NHL also got more legalk back up Fridayfrom , the and Nationakl Basketball Assocation. The professional sports leagues argue in court filings that they should have control overfranchisex sales, moves and relocations in order to maintainb the economic viability of their operations. The NHL opposezs Balsillie's effort to move the Phoenix franchisw backto Canada.
Coyotes owner Jerrgy Moyes also said in June 5 court filingds thata $100 milion cash infusioh he has put into the team shoulc be treated as a debt the hockey team's reorganizatiohn should reimburse him for. Moyes wantss to sell the Coyotess to Balsillie who contends hockey is not financially viablin Glendale. Moyes' court filingsa also downplayeda $750 million lease penalth the city of Glendale couldc file for if the Coyotes break their 30-year lease at Jobing.com Arena. Moyes and Balsillise want the bankruptcy court to discharge the lease as part ofthe team's Chapter 11.
NHL court filings with the U.S Bankruptcy Court handlinfg the Coyotes Chapter 11 bankruptcy protection includes a list of possible owners that would keep the team in They include: Howard Sokolowski and Davied Cynamon, owners of the Canadianm Football League's Toronto Argonauts; Chicagok White Sox owner Jerry Coyotes minority owner John and an unnamed Phoenix-area business executive as possible Research in Motion CEO Jim Balsillie already has a $213 million offer on the table for the Coyotee and would move the team to Ontario. The Coyotes have lost $316 millio n since moving to the Phoenix marketyfrom Winnipeg, Canada, in 1996.
Balsillie's offer is expected to be substantiall y greater than any offer to keep the teamin Glendale. RIM makee Blackberry smartphones and Balsillie is a billionaire who has made offerds for otherNHL teams. The NHL also got more legalk back up Fridayfrom , the and Nationakl Basketball Assocation. The professional sports leagues argue in court filings that they should have control overfranchisex sales, moves and relocations in order to maintainb the economic viability of their operations. The NHL opposezs Balsillie's effort to move the Phoenix franchisw backto Canada.
Coyotes owner Jerrgy Moyes also said in June 5 court filingds thata $100 milion cash infusioh he has put into the team shoulc be treated as a debt the hockey team's reorganizatiohn should reimburse him for. Moyes wantss to sell the Coyotess to Balsillie who contends hockey is not financially viablin Glendale. Moyes' court filingsa also downplayeda $750 million lease penalth the city of Glendale couldc file for if the Coyotes break their 30-year lease at Jobing.com Arena. Moyes and Balsillise want the bankruptcy court to discharge the lease as part ofthe team's Chapter 11.
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