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Forest Products Industry

IT'S OFFICIAL: Goldman Sachs is advising Elon Musk on his plans to take Tesla private (TSLA)

Forest Products IIII - 3 hours 5 min ago

Goldman Sachs is working with Tesla on its bid to go private, the bank confirmed Wednesday. It's still unclear whether there was a formal agreement when Elon Musk tweeted about working with the Wall Street firm. Follow Tesla's stock price in real-time here.


Regulatory limbo hits Tencent with first profit fall in nearly 13 years

Forest Products IIII - 4 hours 34 min ago

Chinese technology giant Tencent Holdings Ltd has "no clarity" on when it may get approval to start charging for its most popular game, it said on Wednesday, after reporting its first quarterly profit fall in nearly 13 years on weak gaming revenue. Company president Martin Lau said "the biggest issue" before Tencent could return to rapid revenue growth was to gain regulatory approval to start charging for its PlayerUnknowns' Battlegrounds (PUBG) video game in China, while confirming a sector-wide freeze for new game approvals in the world's largest gaming market due to a government restructuring. Tencent's profit in April-June fell 2 percent year-on-year to 17.87 billion yuan ($2.59 billion), while revenue grew 30 percent, the slowest in three years, to 73.68 billion yuan, with sequential declines in both mobile and PC games.


Why Canopy Growth Corporation Stock Is Skyrocketing Today

Forest Products IIII - 5 hours 15 min ago

A huge investment from Constellation Brands sends the marijuana stock into orbit.


Does Warren Buffett Love Southwest Airlines?

Forest Products IIII - 6 hours 17 min ago

The famous investor added substantially to his conglomerate's stake in the airline last quarter.


Boeing (BA) Secures Navy Deal to Upgrade Military Aircraft

Forest Products IIII - 6 hours 20 min ago

Boeing (BA) won an order for delivering retrofit documentation and kits to convert nine F/A-18E and two F/A-18F aircraft into a Blue Angel configuration.


Turkey issues new tariffs on US as trade fight escalates

Forest Products IIII - 6 hours 26 min ago

Turkey is cracking down on US cars and alcohol, as part of new tariffs aimed at the Trump administration. Yahoo Finance’s Alexis Christoforous, Dion Rabouin, and Dan Roberts have more.


Can Oracle (ORCL) Keep the Earnings Surprise Streak Alive?

Forest Products IIII - 6 hours 34 min ago

Oracle (ORCL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.


Boeing and Airbus Post Weak July Aircraft Order Totals

Forest Products IIII - 7 hours 24 min ago

The two aircraft manufacturers announced lots of deals at the Farnborough Airshow last month, but hardly any of them were finalized during July.


There's nothing in Wells Fargo's Nvidia double upgrade, s...

Forest Products IIII - 7 hours 51 min ago

CNBC's Jim Cramer weighs in on Wells Fargo's Nvidia double upgrade.


Atlantia Said to Call Emergency Meeting on Genoa Bridge Disaster

Forest Products IIII - 8 hours 4 min ago

Atlantia Spa’s Autostrade arm will hold an emergency meeting as top executives come under pressure to quit after dozens died when an Italian bridge it operated collapsed, people with knowledge of the matter said. The extraordinary board meeting is expected to be held next week to consider the impact of the disaster in Genoa, which killed at least 39 people. Directors of Atlantia, whose Chief Executive Officer Giovanni Castellucci has become a focus of anger over the tragedy, may also meet, according to the people, who asked not to be named as the plans aren’t public.


3 Things Investors Need to Know About Plug Power's Q2 Earnings

Forest Products IIII - 8 hours 25 min ago

Sales continue to grow, but keeping up to date with this fuel-cell leader requires more than checking in with one metric.


Cisco Systems Q4 Earnings Preview

Forest Products IIII - 8 hours 38 min ago

Cisco Systems (NASDAQ: CSCO ) announces its next round of earnings this Wednesday. Here's Benzinga's advanced look at Cisco Systems' Q4 earnings report. Earnings and Revenue Based on Cisco Systems management ...


3 Charts That Show Cypress Semiconductor Isn’t Done Growing Yet

Forest Products IIII - 9 hours 26 min ago

The chipmaker crushed estimates once again.


Western U.S. sawmills produced 7.1% more lumber in H1/2018

International Forest Industries - 9 hours 33 min ago

Western U.S. sawmills produced 7.406 billion board ft. (bbf) of softwood lumber in the first half of 2018, a 7.1% increase from 6.915 bbf in the first six months of 2017, the Western Wood Products Assn. (WWPA) of Portland, Oregon, reported.

Of the six-month total, Coastal mills accounted for 4.678 bbf, up 8.1% from 4.326 bbf last year, while inland mills produced 2.517 bbf, up 6.8% from 2.356 bbf in the first half of 2017. California redwood production dropped to 212 million board ft. (mmbf), down 9.4% from 234 mmbf in the previous year.

In June alone, Western U.S. sawmills produced 1.226 bbf, a decline of 1.0% from 1.239 bbf in the year before, and down 4.3% from 1.281 bbf in May 2018.

Coastal mills contributed 766 mmbf to June’s output, a year-over-year gain of 0.7% from 770 mmbf, but down 3.6% from 805 mmbf in May 2018. Inland mills accounted for 408 mmbf – down 3.3% from 422 mmbf a year earlier, and down 5.8% from 433 mmbf in the previous month.

California redwood production in June was 43 mmbf, an 8.9% year-over-year drop from 47 mmbf, and 1.1% lower that output in May 2018 of 43 mmbf.

Western softwood lumber inventories in June grew 5.4% to 1.231 bbf from last year’s 1.167 bbf.

Production as a percent of practical capacity was 83% in June, level with 83% in May 2018 and up from 80% in June last year. Average production as a percent of practical capacity for the six months to June was 83%, up from 77% in the first half of 2017.

The post Western U.S. sawmills produced 7.1% more lumber in H1/2018 appeared first on International Forest Industries.

Corona Beer Giant Puts $3.8 Billion Bet on U.S. Love of Cannabis

Forest Products IIII - 9 hours 49 min ago

Constellation Brands Inc., which for seven decades has made its money off beer, wine and whiskey, sees its future in a marijuana leaf. In the biggest (legal) cannabis deal, the Victor, New York-based beverage company will spend about $3.8 billion to boost its stake in Canadian grower Canopy Growth Corp., betting legalization will gain traction around the world and especially in the U.S. “This is rocket fuel,” Canopy Chief Executive Officer Bruce Linton said on the company’s earnings call Wednesday.


The First of 3 Social Security Inflation Data Points Used to Calculate COLA Is In

Forest Products IIII - 9 hours 53 min ago

Seniors could be looking at their biggest raise in seven years, but that doesn't tell the whole story.


Finland: logging volume 29% up in June 2018

International Forest Industries - 10 hours 26 min ago

In June 2018, an all-time high volume of 5.1 million m3 of roundwood was harvested for use by the forest industries in Finland. This logging volume was 29% up over the previous year and 52% up over the ten-year June average, reports Natural Resource Institute Finland (Luke).

Sawlogs accounted for 2.1 million m3 and pulpwood for 3.0 million m3 out of the total roundwood harvested for the industrial purposes.

Industrial roundwood logging volumes from forests in non-industrial private ownership were 3.9 million m3. The Finnish forest industry companies and the state harvested 1.1 million m3 of roundwood from their forests.

Besides, in June 2018, 333,000 m3 of wood was harvested in Finland for energy production.

The post Finland: logging volume 29% up in June 2018 appeared first on International Forest Industries.

Sweden: continued increase in notified area of final felling during June and July

International Forest Industries - 11 hours 31 min ago

In Sweden, notified area of final felling increased by 14% in June and by 4% in July, compared to corresponding months of last year, reports the Swedish Forest Agency.

Quarterly statistics during the year shows an increase of 34% in the second quarter of 2018 compared with the first quarter 2018. The second quarter of 2018, compared to the corresponding quarter of 2017, notified area of final felling increased by 7%.

The 14% increase in June corresponds to a total notified area of final felling to 30,136 hectares. This is the largest increase in June since 2012.

On the county level, notified area of final felling increased in 16 of 21 counties. The largest increase in notified area of final felling was reported in Västmanland by 50%, Stockholm by 44% and Västernorrland by 39%. The largest decrease was reported in Södermanland by -34%, Skåne by -27% och Örebro by -14%. On the regional level, notified area of final felling increased in all four regions.

In July 2018, the increase was lower in total notified area of final felling. The increase of 4% amounted to a total of 20,541 hectares. This is the largest increase in July since 2011.

On the county level, notified area of final felling increased in 11 of 21 counties. The largest increase in notified area of final felling was reported in Uppsala by 86% and in Östergötaland by 52%. The largest decrease was reported in in Västmanland by 48% and in Skåne by 44%. On the regional level, there was increase in Northern Sweden (Norra Norrland) by 8% and Central Sweden (Svealand) by 22% respective 22%. There was a decline in South of Northern Sweden (Södra Norrland) by two% and South Sweden (Götaland) by 8%.

During the first seven months of 2018, compared with 2017, there is an increase of 5% of notified area of final felling.

The post Sweden: continued increase in notified area of final felling during June and July appeared first on International Forest Industries.

Natural Gas Price Forecast – natural gas markets break resistance again

Forest Products IIII - 16 hours 27 min ago

Natural gas markets broke resistance again during trading on Tuesday, breaking above the $2.97 level. This is another strong sign, but at this point we still haven’t reached the major resistance barrier. That lies above.


The 25 highest-paying jobs in America, according to Glassdoor

Forest Products IIII - 16 hours 43 min ago

Tech and healthcare jobs dominated the list of highest-paying jobs in America, according to a new report by Glassdoor.


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by Dr. Radut