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URGENT: Video shows beheading of second American journalist

DUBAI (Reuters) - The Islamic State militant group released a video purporting to show the beheading of U.S. hostage Steven Sotloff, the SITE monitoring service reported on Tuesday. A masked figure in the video also issued a threat against a British hostage, a man the group named as David Haines, and warned governments to back off "this evil alliance of America against the Islamic State", the monitoring service said. (Reporting by William Maclean, Editing by Angus MacSwan)

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Wausau Paper to have 9 board members in new agreement

Wausau Paper logo
Wausau Paper logo


MOSINEE, WI  (WSAU)  -   The Wausau Paper Board of Directors will have a slightly different structure.  The Mosinee based company announced Wednesday that an agreement has been reached with the investment firm that owns just under 15% of the Wausau Paper stock.  

Starboard Value LP has recommended two new board members.  When the 2013 Annual Meeting takes place, the board will go from eight members to nine.  There will be seven independent directors, Thomas Howatt as the Non-Executive Chairman of the Board, and Henry Newell who is the President and Chief Executive Officer.

Board member Dennis Kuester will be leaving the board during the next reorganization, as he has reached a mandatory retirement age.  

New board members agreed to by the involved parties will be John Kvocka and George Murphy.