On Wednesday, International Paper Co (NYSE:IP)’s shares inclined 0.75% to $50.92.
International Paper Co (IP) released its 2014 Sustainability Report sharing progress against its voluntary sustainability aims, a new sustainability strategy and highlighting collaborations that advance sustainability throughout the life cycle of its products. The 2014 report features stories from around the world that collectively capture some of International Paper’s key sustainability efforts and impacts.
As a global manufacturer operating in more than 24 countries, natural resources are crucial to International Paper’s supply chain. This is why the company is continuously working to improve all aspects of their value chain, especially sourcing of wood fiber, water use, and energy efficiency.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging. The Industrial Packaging segment manufactures containerboards, counting linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Printing Papers segment produces printing and writing papers, such as uncoated papers for end user applications, counting brochures, pamphlets, greeting cards, books, annual reports, and direct mail, in addition to envelopes, tablets, business forms, and file folders. This segment sells uncoated papers under the Hammermill, Springhill, Williamsburg, Postmark, Accent, Great White, Chamex, Ballet, Rey, Pol, and Svetocopy brand names. It also produces pulp for manufacturing printing, writing, and specialty papers, in addition to towels and tissues, filtration products, diapers, and sanitary napkins.
Two Harbors Investment Corp (NYSE:TWO)’s shares gained 0.77% to $10.41.
Two Harbors Investment Corp (TWO) declared a quarterly dividend of $0.26 per share of common stock for the second quarter of 2015. This dividend is payable on July 21, 2015 to common stockholders of record at the close of business on June 30, 2015.
Two Harbors distributes dividends based on its current estimate of taxable earnings per common share, not GAAP earnings. Taxable and GAAP earnings are predictable to differ principally because of differences in discount accretion and premium amortization, certain non-taxable unrealized and realized gain and losses on derivatives, and non-deductible general and administrative expenses.
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights, commercial real estate debt and related assets, and other financial assets.
At the end of Wednesday’s trade, Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP)‘s shares dipped -0.40% to $75.41.
Ctrip.com International, Ltd. (ADR) (CTRP) declared that it proposes to offer up to US$1 billion in aggregate principal amount of convertible senior notes due 2020 (the “2020 notes”) and convertible senior notes due 2025 (the “2025 notes” and, together with the 2020 notes, the “notes”), subject to market conditions. The conversion rate and other terms of the notes have not been finalized and will be determined at the time of pricing of the offering. The Company intends to grant to the initial purchaser a 30-day option to purchase up to an additional US$150 million principal amount of the notes solely to cover over-allotments, if any. The notes will be convertible into Ctrip’s American depositary shares (“ADSs”), each representing as of the date of this press release 0.25 of an ordinary share of Ctrip, at the option of the holders, in integral multiples of US$1,000 principal amount, at any time prior to the close of business on the second business day right away preceding the maturity date. Ctrip will not have the right to redeem the notes prior to maturity except in the event of certain tax law changes. Holders of the notes will have the right to require the Company to repurchase for cash all or part of the 2020 notes on July 1, 2018 and all or part of the 2025 notes on July 1, 2020, at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but not taking into account, the repurchase date.
Ctrip.com International, Ltd., together with its auxiliaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel administration in the People’s Republic of China.
Family Dollar Stores, Inc. (NYSE:FDO), ended its Wednesday’s trading session with 0.79% gain, and closed at $79.15.
Family Dollar Stores, Inc. (FDO) declared in connection with its projected acquisition by Dollar Tree, Inc. (“Dollar Tree”) that Family Dollar and Dollar Tree signed a contract Containing Consent Orders projected by the staff of the U.S. Federal Trade Commission (“FTC”). The agreement comprises a draft Decision and Order, which remains subject to acceptance and final approval by the FTC Commissioners, and would permit Dollar Tree to acquire Family Dollar subject to an obligation to complete the divestiture of 330 Family Dollar stores within a specified period following the closing of the acquisition of Family Dollar. As formerly declared by Dollar Tree, Dollar Tree has reached an agreement to divest these 330 Family Dollar stores to Sycamore Partners. Dollar Tree has informed Family Dollar that Dollar Tree intends to close its acquisition of Family Dollar shortly after the FTC accepts the Decision & Order for public comment and continues to expect the closing to occur in early July 2015.
Family Dollar Stores, Inc. operates a chain of general merchandise retail discount stores primarily for low- and middle-income consumers in the United States. Its merchandise assortment comprises consumables, such as batteries, diapers, food products, hardware and automotive supplies, health and beauty aids, household chemicals, paper products, pet food and supplies, and tobacco; and home products, counting blankets, sheets, towels, giftware home décor products, and housewares.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
