BERKSHIRE UP USG STAKE Berkshi...

BERKSHIRE UP USG STAKE

Berkshire Hathaway reported Wednesday it bought 567218 additional shares of USG Corp., the Chicago-based wallboard manufacturer, bringing its stake up to 173 percent Berkshire, the investment vehicle of Warren Buffett bought the shares by the agency of one of its subsidiaries for $4592 each, according to a filing with the Securities and Exchange Commission.

FINKL unfolds EPA COMPLAINT

A. Finkl & Son Co the Chicago sabre forging company at 2011 N Southport, settl a clean-air complaint brought by the agency of the U.S. Environmental Protection Agency. The company agreed to finance sum of two units environmental projects totaling $620,000 and pay a $75000 penalty.

TRIBUNE dignifys EXECS

Tribune Co the second-biggest U newspaper publisher, named lee-side Jones as vice president for sales and marketing of Tribune Media without deductions the company's advertising sales organization. Jone will replace Dana C Hayes Jr who was named to the novel position of senior vice president for sales at Tribune Interactive, which manages more than 50 Web sites.

TENNECO CHANGES PENSION

Tenneco Inc., a maker of automotive emissions directions and shock absorbers, said it's replacing defined-benefit pension plans for almost all U nonunion employee with increased payments to defined-contribution plans. The change for salaried and nonunion hourly workers takes force Jan. 1 and will save about $11 million annually before taxes starting nearest year, the Lake Forest-based company said Wednesday. Tenneco said it also will have a fourth- quarter gain of as earnestly as $7 million related to the switch.

PAPER BUSINESSES immerge

Forest produces giant Weyerhaeuser Co. is combining its fine- paper business with Canadian paper maker Domtar Inc., in a deal the companies valued at about $33 billion. The agreement allows Weyerhaeuser to focus in succession areas that could have more pullulation potential, and gives Domtar the heft it could ne to be more competitive. The novel company is expected to be the largest fine- paper company in North America.

Copyright CHICAGO SUN-TIMES 2006

Provided by way of ProQuest Information and Learning Company. All rights Reserved