Quebecor World -- Back on Top of Its World

o Quebecor World receives final approval for $1 billion debtor-in-possession (DIP) financing.

o The Magog, Quebec, facility, a producer of magazines and retail inserts, is shuttered. Roughly 300 jobs are lost.

o The McGraw-Hill Cos. and Quebecor World come to terms on a contract extension through 2014 that sees the printer providing educational textbooks, ancillary products, professional learning tools and catalogs. The deal is worth a total of $285 million.