Penny Picks

AbitibiBowater closes sale of power plant to Hydro-Quebec for $582.9M * By The Associated Press * On 6:00 pm EST, Wednesday December 9, 2009 o Buzz up! 0 [...]

Little has changed at Bowater Mersey Paper Company Ltd. in Brooklyn, leading to what might be the largest media clarification in an extremely long time. On Sept. 17, AbitibiBowater Inc. announced production would be reduced by about 50 per cent at the plant. The announcement combined with Bowater plans to study the feasibility of running one [...]

AbitibiBowater will cut 535 jobs at four plants News ServicesSeptember 18, 2009 AbitibiBowater Inc. is suspending or reducing production indefinitely at four mills in Canada as it adjusts to falling international demand for newsprint and commercial-printing papers. The digital printing paper mill in Beaupre, Que., will be shut down completely Oct. 31 at a cost of 340 jobs. One [...]

AbitibiBowater’s mill in Clermont, Que http://www.theglobeandmail.com/report-on-business/abitibi-to-halt-work-at-canadian-us-plants/article1291770/

AbitibiBowater to suspend production at five plants including four in Canada, cuts 1,500 jobs (CP) – 46 minutes ago MONTREAL — AbitibiBowater announced Thursday that it will suspend production indefinitely at several Canadian and U.S. mills in a corporate streamlining that will affect about 1,500 Canadian workers. The cuts, which begin Oct. 31, reflect the insolvent newsprint giant’s [...]

http://www.abitibibowatercommittee.com/basics.php3

AbitibiBowater Thorold Mill Certified to FSC ABH (NYSE, TSX) MONTREAL, Sept. 16 /PRNewswire-FirstCall/ – AbitibiBowater announced today that its Thorold, Ontario newsprint mill has been certified to the Forest Stewardship Council chain-of-custody standard (FSC CoC). This certification tracks FSC certified material through the production process – from the fiber sources to the consumer, including all successive stages [...]

The pricing of bonds can foretell how viable the company is http://cxa.marketwatch.com/finra/BondCenter/BondTradeActivitySearchResult.aspx?StartDate=08/13/2009&EndDate=09/14/2009&SelectionOption=2&TradeSize=&SortBy=0&ID=MTAyMTgzQUs2

AbitibiBowater, USW ink deal Today at 11:51 By tbnewswatch staff The union representing AbitibiBowater’s woodland workers voted in favour of a deal that intends to help the mill cut costs. About 400 of the woodland workers, who are represented by the United Steel Workers union, voted 72 per cent in favour of the cost-cutting deal Sunday night. While the [...]

AbitibiBowaterImage by William Munoz via Flickr On Thursday, the bankruptcy court entered an order setting a deadline (or bar date) for the filing of proofs of claim against AbitibiBowater Inc. and its affiliates for certain types of claims. AbitibiBowater filed for bankruptcy protection on April 16, 2009. The court’s order sets a deadline of November 13, 2009 [...]