Results 1 - 20 of 2,038 in Commercial Printing
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PMP says full year EBIT around $85m
Catalogue, magazine and book printer PMP Ltd says it expects its operating earnings for fiscal 2008 to be below last financial year's result due to higher operating costs.
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Recent Preferred Stock Offerings Offer Attractive Terms
The difficult environment for raising capital has lead to many companies issuing preferred stocks.
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Bowne & Co. Reports First Quarter 2008 Results
Bowne & Co., Inc. , a global leader in shareholder and marketing communications services, today announced profitable first quarter operating results in a difficult capital markets environment.
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Merrill executives say firm regains strength
Merrill Lynch & Co Inc , which suffered heavy losses as it wrote down billions in bad loans during the recent credit crunch, said on Monday it can rebuild its financial strength.
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Home Capital Q1 net up 19 per cent to $25.2M on solid mortgage and card results
- Home Capital Group Inc. (TSX: HCG) should keep on producing strong results for the remainder of 2008, CEO Gerald Soloway predicted Monday as the mortgage company booked a 19 per cent rise in first-quarter profit. "In some ways, we're like the little engine that just keeps on chugging quarter after quarter, putting up very strong results," as Home Capital reported strong earnings growth in its mortgage and credit-card lending, Soloway told a conference call after the Toronto-based company released its financial results. The first quarter results "are a continuation of the momentum that we had during all of last year. That momentum continued into the first quarter" and is still continuing, he said. Net income was $25.2 million or 72 cents per share, up from $21.2 million or 61 cents per share in the first three months of last year, despite a $2.1-million after-tax loss in the latest quarter on Quebecor World Inc. preferred shares. The Montreal-based printing company sought court protection from its creditors in January. Quebecor World's preferred shares would rank ahead of common shares but behind bondholders when its finances are restructured. Soloway said Home Capital believes that Quebec World loss "was a one-time event. Without the one-time event we really had a super quarter." Home Capital said its first-quarter return on equity was 27.9 per cent, off from 29.3 per cent a year ago. Assets, including mortgage-backed securities originated by the company, were $6.96 billion at March 31, up 30 per cent from a year earlier. First-quarter mortgage originations were $867.2 million , up 59 per cent, as Home Capital wrote $601.9 million in home mortgages, $245.8 million in commercial mortgages and $19.5 million in retail and apartment mortgages. Soloway said originations were boosted by "the withdrawal of some of our non-regulated competitors from the residential mortgage marketplace." Going forward, he said, "we'll get a very strong pickup this quarter in the residential mortgages by the momentum we've shown in the first five weeks of this (second) quarter." Home Capital will "be in for a good increase over last year's residential mortgage originations," he said. "Probably you'll see some slowing down in the commercial mortgage originations. We think that some of the good opportunities are not there at the moment. There's a little hesitation in the commercial mortgage market." Home Capital is "quite comfortable being quite cautious with that market just to make sure that the economy goes the way we think it's going to go." Home Capital said it securitized $145.8 million in CMHC-insured securities during the first quarter, up from $134.4 million a year earlier, as "government-backed instruments ... have been only modestly affected by current credit market conditions." Outstanding balances on the company's Visa card portfolio swelled 30 per cent to $324.3 million. Total impaired loans represented 0.71 per cent of the portfolio, down slightly from 0.72 per cent at the end of 2007. Home Capital also announced the retirement of William Dimma, chairman for the past 14 years. He is to be succeeded by Norman Angus, an investment banker who has been on the Home Capital board since 2005. The company also announced a quarterly dividend of 12 cents per share on its outstanding common shares, which is equivalent to an annual dividend of 48 cents per share. The dividend is payable on June 1 to shareholders of record at the close of business on May 21. On the TSX, Hope Capital shares were trading up $1.70, or more than four per cent, at $40.
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The Goldfarb Corporation announces settlement in litigation with Fleming Packaging
The Goldfarb Corporation - The Goldfarb Corporation announced today that it has reached a settlement in an action against the Corporation in connection with the U.S. bankruptcy of Fleming Packaging Corp.
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ICI meeting covers use of alternatives in funds
Other key topics included independent directors and 12 -1 fees The use of alternative hedge-fund-like strategies within mutual funds was a hot topic of discussion last week at the Investment Company Institute's ...
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GAO finds big jump in HSA plan participation
That said, the report, released April 30 by the Government Ac-countability Office, found that 40% of people who enrolled in high-deductible plans did not open an HSA - even though they were eligible to do so.
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AbitibiBowater Introduces Ecopaque
... recently formed company. Ecopaque is the breakthrough high whiteness UFS substitute developed for the commercial printing industry. UFS substitutes are specifically engineered mechanical fiber papers offering better opacity at lighter basis weights ...
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Visant Corporation Announces 2008 First Quarter Results
ARMONK, N.Y., May 12 /PRNewswire/ -- VISANT CORPORATION today announced its results for the first quarter ended March 29, 2008, including consolidated net sales of $247.0 million, compared to consolidated net ...
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2007 Arkansas Class 7A State Softball Tournament, Russellville
THE COURIER / Robert Carey Lady Cyclone senior Sarah Reasoner tags out a Fort Smith Northside baserunner at second during Friday's opening game.
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AbitibiBowater Introduces New Environmentally Friendly Paper
... The company says, "ECOPAQUE(TM) is the breakthrough high whiteness UFS substitute developed for the commercial printing industry. UFS substitutes are specifically engineered mechanical fiber papers offering better opacity at lighter basis weights ...
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CIT Serves as Financial Advisor in Sale of PBM Graphics
... materials, marketing materials and other general commercial printed products. The company also performs commercial printing for the pharmaceutical industry and runs a sophisticated packaging and fulfillment operation. Based in Houston, TX, ...
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AbitibiBowater introduces ECOPAQUE(TM) - A high whiteness UFS...
... formed company. ECOPAQUE(TM) is the breakthrough high whiteness UFS substitute developed for the commercial printing industry. UFS substitutes are specifically engineered mechanical fiber papers offering better opacity at lighter basis weights than ...
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BREMEN - Superior Fibers recently acquired the assets of Precisionaire polyester pleat media from Flanders corporation, according to a news release from Superior Fibers.
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Harvey W. Protzel died May 9, 2008, at his son's home in Cape Girardeau. He was born June 30, 1919, in St.
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Epson Transforms Commercial Sign-Making Industry With New Epson Stylus Pro GS6000 Printer
Epson Canada Limited, a world leader in advanced digital imaging technology, today announced it has entered the outdoor commercial printing industry with the introduction of the Epson Stylus Pro GS6000 printer, ...
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Home Capital's First Quarter Sustains Earnings Momentum: Net Income...
TORONTO, May 12 /CNW/ - Home Capital Group Inc. today announced positive financial results for the first quarter of 2008.
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Angry UPS Franchisees Behind Closed Doors of Shareholder Meeting
While UPS held its annual meeting Thursday at the Delaware Hotel DuPont, two shareholders who were planning to attend spent their time in a coffee shop downstairs.
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Thain: Merrill won't raise more capital
Merrill Lynch & Co Inc. chief executive John A. Thain thinks that the worst of the credit crisis is over and doesn't see the need for the firm to raise more capital, he told The Business Times, a ...
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