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1. Verso Paper Sees Third-Quarter Loss
- Wednesday, November 14, 2012
Memphis-based Verso Paper Corp. took a net loss of $104.7 million in the third quarter compared to a year ago with the closure of its mill in Sartell, Minn.
2. Verso Paper Calls Off Merger Talks
- Thursday, September 06, 2012
Memphis-based Verso Paper Corp. has called off talks with NewPage Corp. and its creditors about acquiring or merging with NewPage.
3. Verso Says Minnesota Mill Down for Months
- Tuesday, June 12, 2012
Memphis-based Verso Paper Corp. will be working in the coming months with alternate suppliers to make up for the loss of 5,000 tons of finished paper as well as other inventory destroyed in a May 28 fire at its mill in Sartell, Minn.
4. Fatal Fire Hits Verso’s Minn. Mill
- Wednesday, May 30, 2012
SARTELL, Minn. (AP) – The future of a paper mill that's one of the main employers and taxpayers in the central Minnesota town of Sartell was unclear Tuesday as firefighters spent a second day trying to extinguish a fire that killed one worker and injured four.
5. Verso Paper Posts Q1 Operating Loss
- Tuesday, May 15, 2012
Memphis-based Verso Paper Corp. posted a $12.3 million operating loss for the first three months of 2012 compared to the same quarter a year ago.
6. Verso Paper CEO to Retire in Mid-May
- Monday, April 23, 2012
Coated paper maker Verso Paper Corp. said Friday that its CEO Michael Jackson will retire in mid-May and be replaced by the former CEO of newsprint maker AbitibiBowater Inc.
7. Many Questions Raised Before Going Public
- Monday, April 16, 2012
As Facebook prepares for its multibillion-dollar initial public offering (IPO) next month, it sheds light on how companies – including local ones – decide whether to go public or not.
Memphis-based pharmaceutical company GTx Inc. went public in 2004 and local paper producer Verso Paper Corp. held its IPO in 2008, but the overall number of publicly traded companies both locally and nationally has dropped over the past two decades.
8. Performance Of Memphis Public Cos. Varies Widely
- Monday, April 16, 2012
Memphis is home to several publicly traded companies that have made an indelible mark on industries ranging from transportation to finance and manufacturing.
Here’s a snapshot of how those companies are faring at the moment. (For a detailed look at AutoZone, see related story, "The Fast Lane.")
9. Verso Posts Loss for Year but Net Sales Growth
- Thursday, March 08, 2012
Verso Paper Corp. posted a net loss of $54.3 million for 2011, compared to a net loss of $126.4 million for calendar year 2010, according to year-end and fourth-quarter 2011 statements released Wednesday, March 7.
10. Verso to Lay Off 300 in Maine, Minn.
- Wednesday, October 12, 2011
MEMPHIS (AP) – Verso Paper Corp. said Tuesday that it will lay off 300 employees and permanently shut down three paper machines at mills in Maine and Minnesota, citing soft demand for coated groundwood papers and rising materials costs.
11. Verso CEO Named Executive of the Year
- Friday, March 18, 2011
Mike Jackson, president and chief executive officer of Verso Paper Corp., was named the 2011 Executive of the Year by Technical Association of the Pulp and Paper Industry and Paper Industry Management Association.
12. Trial Set For June In Verso Money Laundering
- Wednesday, May 19, 2010
The trial of a woman accused of laundering some of the $10 million her husband allegedly embezzled from a Tennessee company has been rescheduled for June 28 in federal court in Oxford.
Federal court records say Danielle J. Williams withdrew more than $300,000 from accounts where her husband allegedly put the stolen money.
13. Verso Recognized As Innovator of the Year
- Tuesday, April 20, 2010
Verso Paper Corp. has been honored as the 2009 Southeast Regional Green Business Innovator of the Year in a ceremony at the Green Business Summit hosted by Lipscomb University.
14. Verso Paper Launches New Printing Papers
- Thursday, July 30, 2009
Verso Paper Corp. has launched a new line of lightweight, uncoated Web printing papers: Versobook, Versotext and Versoblend.
15. Paper Companies Get Unexpected Tax-Credit Windfall
- Thursday, April 23, 2009
WASHINGTON (AP) - A law to make the earth a little greener is giving paper mills an unintended multibillion-dollar tax windfall with the help of a little diesel fuel.
The bonanza, however, could be short-lived.
16. Verso Paper Reports $18.5M Net Income
- Monday, November 10, 2008
Verso Paper Corp. has reported a net income of $18.5 million for the third quarter of 2008, compared to a net loss of $25.8 million the previous year.
17. U of M’s Bingham Elected To Board Of American Psychological Association
- Wednesday, September 17, 2008
Dr. Rosie Phillips Bingham, vice president for student affairs and a professor in counseling, education psychology and research at the University of Memphis, has been elected to the board of directors of the American Psychological Association.
18. Sams Named Director At Verso Paper Corp.
- Friday, August 22, 2008
David Sams has been named director of environment, health and safety for Verso Paper Corp.
He will report to Lyle Fellows, senior vice president for manufacturing, and Peter
Kesser, vice president, general counsel and secretary.
19. Verso Paper Gives $100K To Forest Conservation
- Wednesday, August 13, 2008
Memphis-based Verso Paper Corp. will give a $100,000 grant over two years to the Trust to Conserve Northeast Forestlands to expand participation in its Forest Stewardship Council, a forest certification program.
20. Verso Paper Cuts Number, Price of Shares in IPO
- Friday, May 16, 2008
NEW YORK (AP) - Coated paper company Verso Paper Corp. on Wednesday pruned the number and expected price of shares to be offered in its pending initial public offering.
The Memphis-based company now plans to offer 14 million shares at $12 per share. Previously, the IPO was expected to total nearly 18.8 million shares and price between $16 and $18 apiece.
21. Verso Paper Takes Advantage Of Rising Prices With IPO
- Tuesday, May 13, 2008
NEW YORK (AP) – Memphis-based coated paper company Verso Paper Corp. is hoping the good old-fashioned principle of supply and demand will drive interest in its initial public offering this week.
22. Braverman Joins The West Clinic
- Wednesday, December 06, 2006
Dr. Aliza Braverman has joined The West Clinic as a rheumatology specialist. She is the first rheumatologist to join the team.
Mike Jackson has been named president and CEO of Memphis-based Verso Paper Holdings LLC. He succeeds LH Puckett, who is retiring but will remain a member of the board of directors. Jackson previously served as a senior vice president at Weyerhaeuser Co. in Federal Way, Wash. He was with the company for 29 years.