• Most Popular
  • Most Shared

International Paper debt protection costs jump

Mon Mar 17, 2008 10:45am EDT

Stocks

   

NEW YORK, March 17 (Reuters) - The cost to insure the debt of International Paper surged 30 percent on Monday after the company said it agreed to acquire Weyerhaeuser Co's (WY.N) packaging business for $6 billion, making it North America's largest corrugated box maker.

Stocks  |  Bonds

International Paper's credit default swaps weakened to around 295 basis points, or $295,000 per year for five years to insure $10 million in debt, from 227 basis points at Friday's close, according to Markit Intraday. (Reporting by Karen Brettell; Editing by Theodore d'Afflisio)

Stocks
Bonds


More from Reuters

Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

"Polluters are given rights to continue their dirty habits"

A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

    Climate Conference
    A farmer carries buckets to collect water as he walks on a dried-up pond on the outskirts of Yingtan, Jiangxi province November 3, 2009. REUTERS/Stringer

    The heat is on

    Farmers in northwest China are living with lost crops, dry wells and frequent droughts. Their resulting poverty is directly linked to climate change.  Full Article 

    Green Business
    Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

    Pictures that defined a decade

    A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

    Pictures