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Stock Market & Financial Investment News

News Breaks
January 31, 2013
18:38 EDTPBFPBF Energy comments on Toledo refinery operations
PBF Energy reported that its Toledo refinery experienced a drop in steam pressure last night, which was followed by a brief fire beginning at 11:50pm ET within the Fluid Catalytic Cracking, or FCC, complex. Emergency response personnel extinguished the fire in approximately 25 minutes and there were no injuries or known offsite impacts. Appropriate government agencies have been contacted and a full investigation into the cause of the incident is underway. Regarding operations, the FCC was the only unit involved and it has been temporarily shut down. The refinery's other processing units are currently running at reduced rates or on standby. The company expects that it will take several weeks for the refinery to return to planned operations.
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August 19, 2014
17:34 EDTPBFPBF Energy announces $200M share repurchase program
PBF Energy announced that its board of directors has authorized the repurchase of up to $200M of PBF Class A common stock. This repurchase authorization expires on September 30, 2016. “Returning capital to our shareholders is fundamental to creating value and enhancing shareholder returns,” said PBF Energy CEO Tom Nimbley. “Today’s announcement reaffirms this ongoing commitment to our shareholders.”

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