Tag: falling

Why International Paper Stock Is Falling Today

A potential Brazilian acquirer is walking away from its bid for International Paper (NYSE: IP) after the target rebuffed its overtures. Investors hoping for a big premium are disappointed, sending IP shares down 8% as of 1 p.m. ET. IP chooses independence International Paper is already part of a wave of consolidation sweeping the paper […]

Woman drowns after falling near St. Mary Falls in Glacier National Park

Jun. 24—A 26-year-old Pennsylvania woman drowned after falling into the water above St. Mary Falls on the east side of Glacier National Park on Sunday afternoon, officials said. According to witnesses, the woman was washed over the falls and trapped beneath the water for several minutes. Bystanders pulled her out below the falls and administered […]

Heineken “suspends” Vietnam brewery amid falling beer sales

Heineken has decided to “temporarily suspend” one of its breweries in Vietnam against a backdrop of declining beer sales in the country. The site, located in Quang Nam in central Vietnam, is one of six Heineken has in Vietnam. According to the Dutch giant, the brewery has the smallest capacity of its factories in the […]

Falling beer demand, crushing glut putting a chill on Eastern WA hop crop

Washington hop growers are dramatically curtailing production amid a crushing glut and chilling demand for both craft and commercial beer. In the language of the hop industry, growers “strung” about 33,000 acres in 2024. That was a 15% drop from the year before, which was already reduced by 10%, according to figures released this month […]