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AbitibiBowater Files for Bankruptcy

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AbitibiBowater Inc. announced that it and certain of its U.S. and Canadian subsidiaries have filed voluntary petitions in the United States under Chapter 11 of the United States Bankruptcy Code. As well, AbitibiBowater and certain of its Canadian subsidiaries will seek creditor protection under the Companies' Creditors Arrangement Act ("CCAA") in Canada. AbitibiBowater's subsidiaries located outside the United States and...
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Boise Indefinitely Idles Newsprint Machine

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Boise Inc. said it has decided to indefinitely idle its D-2 newsprint machine at its mill in DeRidder, Louisiana. The D-2 machine has been idled since February 9. The company will continue to operate the D-3 newsprint machine and the D-1 linerboard machine at the DeRidder mill. Boise began selling newsprint on March 1 of this year, transitioning away from...