Weyerhaeuser swings to loss on housing
Weyerhaeuser Co., one of the world's largest lumber and packaging producers, said Friday it swung to a fourth-quarter loss as the deteriorating US housing market cut into demand for lumber.
Weyerhaeuser Co., the second-largest owner of US timberland, has declared a record $5.6 billion special dividend to lock in the company's conversion this year to a real estate investment trust.