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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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Washington
Dow Jones/AP
Weyerhaeuser Co
S.R. Roger
Weyerhaeuser
Federal Way
Weryerhaeuser
Propos
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Cedar River Paper Co
Smulekoff
Eeesrest
Third Ave
Mipweps
Manne