Packaging industry not spared by tough economy
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• The U.S. Forest Products iiStock Index of the 27 largest forest company says stocks fell 41 percent to 50.59 from the same period a year ago, Forestweb reports. Among the most active stocks is Smurfit-Stone Container Corp. (SSCC) at $0.04, almost a 100-percent drop from last year. Temple-Inland fell 74 percent to $4.46, and International Paper (IP) saw its stock price fall to $10.73, or a 66 percent year-over-year change. In addition, IP posted a loss of $452 million in the last quarter of 2008.
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