Posted on 04/16/2009 12:19:43 PM PDT by Stayfree
Specifically, AbitibiBowater said it will restructure under court supervision under the Chapter 11 bankruptcy law in the United States and the Companies' Creditors Arrangement Act in Canada...
U.S. newsprint demand has been falling for more than 20 years. After peaking at 12.3 million tonnes in 1987, sales were just 6.8 million tonnes in 2008.
(Excerpt) Read more at thestar.com ...
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