News Breaks |
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| February 3, 2013 |
| 16:25 EDT |  | PEIX, ADM, VLO, GPRE | Ethanol glut continues as demand wanes, Bloomberg says
The Energy Information Administration report showed that ethanol stockpiles climbed to a six-week even while production dropped off as demand isn't strong enough to cut a glut of the biofuel, says Bloomberg. Reference Link |
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News For PEIX;ADM;VLO;GPRE From The Last 14 Days Check below for free stories on PEIX;ADM;VLO;GPRE the last two weeks. |
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| May 20, 2013 |
| 10:05 EDT | | VLO | Valero could seek to form logistics MLP by year end, SA Biz Journal says
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| May 16, 2013 |
| 07:37 EDT |  | VLO | Morgan Stanley to host a conference
Refining Corporate Access Day is being held in New York on May 16. |
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| May 15, 2013 |
| 17:18 EDT |  | VLO | BP Capital gives quarterly update on stakes
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| 16:55 EDT | | ADM | Berkshire Hathaway gives quarterly update on stakes
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| 14:57 EDT | | ADM | Archer Daniels says added $200M cost savings expected by end 2014
Operational improvements are expected to enable Archer Daniels Midland to realize $200M in additional cost savings by the end of 2014, and to free up an additional $1B in cash by the end of 2013, the company said in advance of its presentation at the BMO Capital Markets 2013 Farm to Market Conference. The additional $200M is expected to come from reducing energy and water use; implementing a companywide maintenance-management system; standardizing processes, procedures and inventory controls; and leveraging the company’s scale in the area of procurement. The additional $1B in working cash improvements would bring the total the company has unlocked since mid-2012 to $2B, through better inventory-management; monetization of underutilized assets as part of an ongoing portfolio management effort; extracting cash from various joint ventures; and improved processes for managing payables and receivables. |
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| 07:31 EDT | | ADM, GPRE | BMO Capital to host a conference
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| May 13, 2013 |
| 16:18 EDT | | PEIX | Pacific Ethanol announces effectiveness of one-for-fifteen reverse stock split
Pacific Ethanol announced that it has filed an amendment to its Certificate of Incorporation to effect a one-for-fifteen reverse stock split of its issued and outstanding shares of common stock. The reverse stock split will be effective as to stockholders of record on Tuesday, May 14. Trading of the company's common stock on a split-adjusted basis is expected to begin at the open of trading on May 14. As a result of the reverse stock split, every fifteen shares of pre-split common stock will automatically be reclassified as and converted into one share of post-split common stock. The reverse stock split, which was approved by the company's stockholders on May 10, will reduce the number of shares of the Company's outstanding common stock from approximately 162.9M shares to approximately 10.9M shares. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share. |
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| May 10, 2013 |
| 17:07 EDT |  | ADM | Archer Daniels files automatic mixed securities shelf
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| 11:29 EDT | | VLO | Valero Energy management to meet with Oppenheimer
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