reportonbusiness.com: notSet

Posted AT 7:50 AM EDT on 25/07/08

Norbord loss deepens as U.S. demand drops

Reuters

TORONTO — — Norbord Inc. reported a bigger second-quarter loss on Friday as a collapse in the United States housing market continued to drain demand for its wood panels. The company, which has 15 factories in the United States, Europe and Canada, said it lost $37-million (U.S.), or 25 cents per share, in the period ended June.

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