HOUSTON—-MAXXAM Inc. reported a net loss of .4 million, or .67 per share loss for the twelve months ended December 31, 2008, compared to a net loss of .9 million, or .93 per share loss, for the same period of 2007.

Cabinet maker American Woodmark Corp. said Tuesday it is cutting its production capacity and closing two facilities amid the continued housing slump.

American Woodmark Corporation , a leading supplier of cabinetry to the remodeling and new construction industries, announced today that the continuing housing slump has led to the decision to reduce production capacity.