Word: lumbered
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...France 30 miles northwest of Avignon, had leaked into surrounding rivers and topsoil. Inhabitants of the Vaucluse department were ordered to refrain from drinking water, eating locally caught fish, and irrigating crops with potentially contaminated water. The water prohibition remains in effect for thousands of parched locals as inspections lumber on. "We're being treated like sub-citizens," protested Yves Beck, mayor of neighboring town Bollène to the AFP. Qualifying what he called slow and unsympathetic response of authorities to the situation "unacceptable," Beck warns legal action for hardship and losses suffered may be taken. "We've told...
Marathon Asset Management, a competitor for the lumber company, had previously offered to pay $530 million to Pacific’s bondholders...
...firm bidding for a bankrupt company like Pacific Lumber would have a greater need for a steady capital source in order to meet the acquired company’s obligations. The recent “credit crunch” has reduced the number of firms that would have access to such capital...
...interview, former HMC chief executive Jack R. Meyer attributed Harvard’s sizable lumber holdings to the fact that lumber hedges the risk of more traditional investments...
Officials from Pacific Lumber did not return repeated requests for comment...