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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.
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February 7, 2016
18:51 EDTTSOTesoro reaches $8.08M settlement over unpaid bonuses
The National Labor Relations Board announced Friday that it approved a settlement agreement between Tesoro and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union. Under the bilateral agreement, Tesoro will pay more than $8.08M to 769 employees at their Carson, CA and Anacortes, WA facilities who engaged in the winter 2015 refinery strike. In February 2015, collective bargaining agreements at both facilities expired. Workers at the Carson, Anacortes, and facilities across the country began a strike that stretched into late March when a new contract was reached. On March 6, Tesoro awarded bonuses for the previous year to non-unit and non-striking employees, but withheld such bonuses from striking employees, deeming them ineligible to receive them. The annual incentive bonuses were based upon performance and profits during the previous calendar year. The settlement provides the workers with 100% of the bonuses they were eligible to receive. Reference Link
February 3, 2016
08:13 EDTTSOTesoro names Kim K.W. Rucker as EVP, General Counsel
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February 1, 2016
18:56 EDTTSOTesoro reports Q4 EPS ex-items $1.83, consensus $2.08
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14:32 EDTTSONotable companies reporting after market close
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