- American City Business Journals•2 hours ago
Memphis-based International Paper (IP) is paying more than $1.2 billion out of pension plan assets to more than 25,000 former employees. The move was previously announced in the company’s 10-K filing, and Carol Roberts, International Paper’s CFO, said the move reduced the pension commitment the company has made while also eliminating some of the company's debt. Roberts said the payments were part of a strategy to reduce the risk in the company’s pension plan and was available to employees who were terminated, but term vested.
- American City Business Journals•3 hours ago
A pension buyout of more than $270 million had a large impact on second quarter net earnings for Memphis-based International Paper Co. (IP), but the company reported strong results overall. International Paper reported second quarter earnings of $40 million, or 10 cents per share, compared to net earnings of $227 million, or 54 cents per share, in the second quarter of 2015. The company also saw slight declines in sales, reporting second quarter sales of $5.3 billion, compared to $5.7 billion in the second quarter of 2015.
International Paper CompanyMexico
|Bid||0.00 x 90000|
|Ask||796.96 x 90000|
|52wk Range||617.00 - 836.13|
|Day's Range||832.76 - 832.76|
|Avg Vol (3m)||45|
As of 2:43 PM EDT. Mexico Delayed Price. Market open.