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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Mar 06, 2003

Page

22

Maine Wood Product Plants Vanish Amid Imports

In rural Maine the C.B. Cummings & Sons mill and other wood product plants have closed or downsized as cheap imports erode traditional family run operations. Dozens of jobs vanished, with firms like H.G. Winter & Sons Penley Corp and Bethel Furniture Stock adopting cuts or new plans to survive.

Maine wSotiated Press Norway C.B. Cummings & Sons Tinker Toys C.B. Cummings Tyler Winter H.G. Winter and Sons Winter Cummings Brad Cummings Charles Bradley Cummings Richard Penley Penley Corp Paris Penley Bethel Furniture Leon Favreau C.B. Cummings & Sons Wood Products

Bankruptcy bill reappears in Congress

In Washington the push to overhaul federal bankruptcy laws resumes after near passage last year. Rep. Christopher Cannon chairing a subcommittee says quick drafting and voting are likely, while Rep. Mel Watt criticizes the House version as a paupers court.

Washington Congress Christopher Cannon Utah House Judiciary Mel Watt D-N.c Watt Charlotte Bush Administrative Office U.S House Senate Senate Judiciary Committee Orrin Hatch

Weyerhaeuser CEO pay drops 23 percent to 1.6 million

Weyerhaeuser chief Roger Rogel saw total annual pay fall to 1.6 million from 2.1 million as base pay held at 1.1 million and bonus shrank to 500 thousand. He gained 175 thousand stock options worth about 4.1 million exercisable at 61.25 dollars, expiring February 12, 2012. A shareholder proposes an independent chairman rule amid past scandals. The company operates Cedar Rapids plants and paper firms and posted 18.5 billion in sales last year.

Washington Dow Jones/AP Weyerhaeuser Co S.R. Roger Weyerhaeuser Federal Way Weryerhaeuser Propos

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By Clarke Canfield Rogel Securities and Exchange Commission Ing Enron Corp WorldCom Inc Tyco International Ltd Cedar Rapids Cedar River Paper Co Smulekoff Eeesrest Third Ave Mipweps Manne
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