Weyerhaeuser Co. said its reducing its quarterly dividend to 25 cents a share from 60 cents a share and cutting costs to counteract a business slowdown.

Weyerhaeuser Co. said its reducing its quarterly dividend to 25 cents a share from 60 cents a share and cutting costs to counteract a business slowdown.

FEDERAL WAY, Wash.—-The board of directors of Weyerhaeuser Company declared a dividend of 25 cents per share on the common stock of the corporation payable March 2, 2009 to shareholders of record at the close of business Jan. 30, 2009.

A south Alabama county wants Louisiana-Pacific Corp. to pay as much as 0,000 to amend an economic incentives package because it laid off nearly 140 employees at a new mill amid the economic downturn.

A south Alabama county wants Louisiana-Pacific Corp. to pay as much as 0,000 to amend an economic incentives package because it laid off nearly 140 employees at a new mill amid the economic downturn.

International Paper Co. said late Friday that it will cut 1,000 to 1,500 jobs worldwide by the end of 2009, according to a filing with the Securities and Exchange Commission.

International Paper Co. said Friday it will eliminate 1,000 to 1,500 salaried jobs by the end of next year as the “next step” in cost-cutting moves.

Moody’s Investors Service on Wednesday downgraded some debt ratings of Louisiana-Pacific Corp., citing the wood products company’s weakened financial position.