1. Paper Stocks Get Crumpled.
- Author
-
Pressman, Aaron
- Subjects
STOCKS (Finance) ,BUSINESS enterprises ,DIVIDENDS ,CORPORATE debt - Abstract
The article focuses on the findings among business enterprises that their stocks drop while dealing with high leverage and falling demand in the U.S. According to International Paper Co.'s (IP) Chief Executive Officer (CEO), John Faraci , his company might slash its $1 a share dividend. Meanwhile, stocks at AbitibiBowater Inc. (ABH) have declined to less than 50 cents on worries that the company will not be able to continue servicing its debt.
- Published
- 2009