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Companies are turning to the commercial paper market to reduce interest costs and prepare for potential rate cuts from the Federal Reserve. Commercial paper, which has a short maturity, allows companies to quickly benefit from falling interest rates and can serve as a cheaper alternative to bank loans. Despite volatility in the market, corporate bond sales have remained strong. Issuance in the commercial paper market has increased since the initial economic shock caused by the pandemic. Companies are finding that the savings from commercial paper programs can outweigh the fixed costs, making it an attractive option. [Extracted from the article]

Reports that Corporacion Durango, the holding company for Mexican pulp and paper concern Grupo Industrial Durango, has purchased 100 percent of the shares of Gilman Paper Co. of the United States.

Reports that York, Pennsylvania-based P.H. Glatfelter Co. will reduce its production capacity in its tobacco-paper-making business by as much as one-third.

Reports on plans by Norway-based pulp and paper group Norske Skogindustrier A/S to acquire the paper division of New Zealand's Fletcher Challenge Ltd. Terms of the proposed acquisition; Completion of two other international prominent deals involving Nordic pulp and paper groups.

O'Neal is one of several celebrities named in a proposed class-action lawsuit filed by FTX investors against the collapsed cryptocurrency exchange and the stars who appeared in its advertisements. Attorneys for the plaintiffs touted on Twitter: "UPDATE: Plaintiffs in the billion $ FTX class action case just served@SHAQ outside his house." Lawyers for FTX Investors Struggle to Serve Him Papers. [Extracted from the article]