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Subject:NewsBeat:Daily News 10/23/2001
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Date:Wed, 24 Oct 2001 05:59:06 -0700 (PDT)



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NewsBeat:Daily News 10/23/2001



This email is a daily service of Forestweb <http://www.forestweb.com<;'s NewsBeat.

All the stories from Tuesday, Oct. 23, are available under Tuesday's Headlines. <http://www.forestweb.com/taf/yesterday.taf?dt=10/23/01<;

Newly posted on Forestweb: Wood Resources International. North America Wood Fiber Update -- September 2001. Click WRI <http://www.forestweb.com/taf/commentary.taf?file=/editorial/analyst/wri/wri.10.12.01.html<;to read.

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Contents


FOEX NBSK price slightly up; U.S. newsprint sinks again ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1996&_UserReference=9BACFC3BFDBDF3C13BD590B2#story14605<...)
Newsprint output drops again in September, stocks also come down ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1996&_UserReference=9BACFC3BFDBDF3C13BD590B2#story14606<...)
Finnish forest industry criticises Germany's pulp mill project ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1996&_UserReference=9BACFC3BFDBDF3C13BD590B2#story14612<...)
Bowater selling total of 264,000 acres of timberland to Hancock and Wachovia ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1996&_UserReference=9BACFC3BFDBDF3C13BD590B2#story14595<...)
D.R. Horton, Schuler Homes $1.2 billion merger to create No. 2 U.S. homebuilder ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1996&_UserReference=9BACFC3BFDBDF3C13BD590B2#story14588<...)
Kimberly-Clark sees higher sales, lower income in third quarter ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1996&_UserReference=9BACFC3BFDBDF3C13BD590B2#story14586<...)
Weyerhaeuser 3Q earnings cut in half on 'weak global economic conditions' ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1996&_UserReference=9BACFC3BFDBDF3C13BD590B2#story14587<...)
Smurfit-Stone's 3Q earnings drop on lower packaging demand ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1996&_UserReference=9BACFC3BFDBDF3C13BD590B2#story14582<...)
Georgia-Pacific settles Columbus, Ohio, 1997 explosion suit for $22 million ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1996&_UserReference=9BACFC3BFDBDF3C13BD590B2#story14619<...)


FOEX NBSK price slightly up; U.S. newsprint sinks again

10/23/2001 10:29:29, Forestweb


SAN FRANCISCO, Oct. 23, 2001 (Forestweb) --- The PIX price of northern bleached softwood kraft (NBSK) in Europe has increased to $464.96/tonne, up $1.02/tonne from a week ago, according to FOEX Indexes Ltd....
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14605&_UserReference=9BACFC3BFDBDF3C13BD590B2<)

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Newsprint output drops again in September, stocks also come down

10/23/2001 10:50:13, Forestweb


By James McLaren

SAN FRANCISCO, Oct. 23, 2001 (Forestweb) -- North American newsprint production continues to lay low, down 15.6% in September compared with last year as the sector operated at ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14606&_UserReference=9BACFC3BFDBDF3C13BD590B2<)


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Finnish forest industry criticises Germany's pulp mill project

10/23/2001 14:04:58, Helsingin Sanomat


Planned subsidies would distort competition

Oct. 23, 2001 (Helsingin Sanomat) -- The Finnish forest industry has severely criticised the financing arrangements of the new pulp ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14612&_UserReference=9BACFC3BFDBDF3C13BD590B2<)


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Bowater selling total of 264,000 acres of timberland to Hancock and Wachovia

10/23/2001 09:06:31, Forestweb


Editor's note: Industry analyst Mark Wilde, Managing Director Deutsche Banc. Alex Brown says Bowater's total $230 million timber sale in southeastern U.S. is "good news." The price of $870/acre is lower than earlier sales, but in line with current market conditions, says Wilde....
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14595&_UserReference=9BACFC3BFDBDF3C13BD590B2<)

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D.R. Horton, Schuler Homes $1.2 billion merger to create No. 2 U.S. homebuilder

10/23/2001 06:26:57, PRNewswire


ARLINGTON, Texas and EL SEGUNDO, Calif., Oct. 23, 2001 (press release -- D.R. Horton, Inc. and Schuler Homes, Inc. today announced that they have signed a definitive agreement under which Schuler Homes will merge into D.R. Horton through a cash and stock transaction valued at approximately $1.2 billion, including the assumption of debt....
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14588&_UserReference=9BACFC3BFDBDF3C13BD590B2<)

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Kimberly-Clark sees higher sales, lower income in third quarter

10/23/2001 06:11:10, PRNewswire


DALLAS, Oct. 23, 2001 (press release) -- Kimberly-Clark Corporation today announced its results for the third quarter of 2001. As previously reported, sales were more than $3.7 billion, an increase of 5.1 percent compared with 2000. Excluding currency effects, sales rose about 8 percent, benefiting from continued volume growth and higher selling prices....
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14586&_UserReference=9BACFC3BFDBDF3C13BD590B2<)

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Weyerhaeuser 3Q earnings cut in half on 'weak global economic conditions'

10/23/2001 06:19:24, BW


FEDERAL WAY, Wash., Oct. 23, 2001 (press release) -- Weyerhaeuser Company today reported third-quarter net earnings of $91 million, or 41 cents per share, that include nonrecurring after-tax items of $6 million. ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14587&_UserReference=9BACFC3BFDBDF3C13BD590B2<)

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Smurfit-Stone's 3Q earnings drop on lower packaging demand

10/23/2001 05:35:06, BW


CHICAGO, Oct. 23, 2001 (press release) -- Smurfit-Stone Container Corporation reported net income available to common shareholders of $28 million, or $0.11 per diluted share, for the third quarter of 2001. This compares to net income of $79 million, or $0.32 per diluted share, in the third quarter of 2000. Sales for the three- month period were $2,088 million, down 10.3 percent from third quarter year-ago levels. ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14582&_UserReference=9BACFC3BFDBDF3C13BD590B2<)

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Georgia-Pacific settles Columbus, Ohio, 1997 explosion suit for $22 million

10/23/2001 15:02:22, The Columbus Dispatch


Company to compensate blast victims

Reins and formaldehyde plant rebuilt after accident; G-P paid more than $400,000 in fines for safety violations

...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14619&_UserReference=9BACFC3BFDBDF3C13BD590B2<)


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