U.S. District Judge William Griesbach, who earlier appeared ready to leave NCR Corp. with responsibility for the entire cleanup of river, now says the company may be no more than 28 percent liable, at least for the section of the river between De Pere and Green Bay.Read more
PORTLAND, ME, May 7, 2015 (Bangor Daily News) -Managers of the shuttered Great Northern Paper mill were ordered in February to pay $9.2 million to a natural gas supplier, with half the payment covering fuel the East Millinocket mill owners promised to buy, but never did.
The arbitration award granted by attorney Peter DeTroy stems from an agreement the mill owners reached in 2012 to buy compressed natural gas delivered by truck from the Massachusetts-based Xpress Natural Gas, or XNG.Read more
Rock-Tenn Co., Norcross, Ga., has settled $249 million in projected benefit obligations through a voluntary lump-sum offer to former employees who have yet to retire, said John Stakel, senior vice president and treasurer.
In July, an offer letter was sent to more than 9,000 former employees who were participants in the Rock-Tenn Co. Consolidated Pension Plan, Rock-Tenn Co. Pension Plan for Certain Salaried Employees and RTS Packaging LLC Consolidated Pension Plan.Read more
Build NYC Resource Corp., which promotes economic development in the city, plans to sell about $96 million of revenue debt for a unit of Pratt Industries, with proceeds going to refinance bonds and buy equipment.
The Pratt Paper (NY) Inc. facility will use some funds from this week's offer of unrated municipal securities to acquire machinery to convert wastepaper into recycled products, according to bond documents.Read more
The value of the deal was not disclosed. The new firm plans to focus on its core strengths, which is producing specialist cartons, leaflets and labels for the healthcare and pharmaceutical sectors, Medica packaging said in a statement.
John Bath has been appointed as the company's new CEO.Read more