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Stock Market & Financial Investment News

News Breaks
April 25, 2013
15:40 EDTTSOCourt approves injunction against Tesoro
Los Angeles Superior Court Judge Ralph W. Dau ruled in favor of an injunction against Texas oil giant, Tesoro Corporation, filed by the Water Replenishment District of Southern California. WRD filed the injunction to stop Tesoro from pumping groundwater because the company has not paid its monthly replenishment assessment since May 2012 and owes more than $900,000, funds which are crucial to WRD's ability to provide safe and reliable water to the public. Judge Dau's approval of the injunction requires Tesoro to pay within 10-days its outstanding bills to WRD or discontinue pumping groundwater it uses for its plant operations. WRD, area groundwater pumpers and ratepayers applaud the judge's decision as a ruling that protects the long term health of the region's groundwater basins.
News For TSO From The Last 14 Days
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December 19, 2014
10:12 EDTTSOHigh option volume stocks
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December 17, 2014
07:19 EDTTSOIndependent Refiners sector cut to Market Weight at Wells Fargo
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December 10, 2014
08:12 EDTTSOTesoro price target raised to $100 from $86 at Credit Suisse
Credit Suisse raised Outperform rated Tesoro's price target to $100 following the growth strategy update.
December 9, 2014
08:15 EDTTSOTesoro to outline potential drop down assets of at least $500M potential EBITDA
Tesoro (TSO) and Tesoro Logistics (TLLP) will host their annual analyst and investor day. At the meeting, Tesoro will outline potential drop down assets that represent at least $500M of potential EBITDA for the logistics business. These drop downs compliment the substantial organic growth opportunities being executed by this business, the company stated.
08:14 EDTTSOTesoro Logistics accelerates timeline to reach $1B of EBITDA to 2017
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08:13 EDTTSOTesoro expects to exceed 2014 improvement targets by over 30%
Tesoro (TSO) and Tesoro Logistics (TLLP) will host their annual analyst and investor day and the companies will provide details on the specific initiatives underway which will drive growth and create value for shareholders and unitholders. They will also provide a full-year 2015 financial outlook and detailed longer-term financial goals. "I am proud to report that in 2014 we have not only met, but we expect to exceed our targets by 30%. "In 2015, we expect to continue this momentum and deliver over $550M of additional improvements which will significantly increase shareholder value by capitalizing on our strong position on the West Coast, capturing margin improvements across our value chain and growing our logistics business," said Greg Goff, Tesoro President and CEO.

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