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Latest Great Lakes Paper Stories

2009-04-16 10:53:25

The Toronto Stock Exchange halted trading Thursday on paper giant AbitibiBowater Inc. after the company filed for Chapter 11 bankruptcy protection in Delaware. The company, which has headquarters in Montreal, is grappling with $4.7 billion in debt in its Canadian Abitibi and U.S. Bowater divisions. A company statement said: The company has concluded that there are no viable alternatives to its previously announced proposed refinancing of its Bowater and Abitibi-Consolidated subsidiaries, and...

2009-03-02 14:33:00

US$ ABH (NYSE, TSX) MONTREAL, March 2 /PRNewswire-FirstCall/ - AbitibiBowater Inc. today announced that Bowater Incorporated ("Bowater"), a subsidiary of AbitibiBowater, Bowater Newsprint South LLC ("Newsprint South"), a subsidiary of AbitibiBowater, and certain of Bowater's subsidiaries and affiliates, entered into amendments to Bowater's U.S. and Canadian credit agreements. The amendment to the U.S. credit agreement was entered into among AbitibiBowater, Bowater, Newsprint South and...

2008-12-04 08:00:00

US$ ABH (NYSE, TSX) - Curtails Paper Production Capacity by 1 Million Metric Tons - Projects $375 Million in Annualized Synergies in 2008, One Year Ahead of Plan - Initiates a Further 20% Reduction in SG&A Costs in 2009 MONTREAL, Dec. 4 /PRNewswire-FirstCall/ - AbitibiBowater Inc. today announced several actions aimed at creating a more flexible and responsive operating platform, addressing ongoing volatility in exchange rates, energy and fiber pricing, as...


Word of the Day
cock-a-hoop
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'
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