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Stock Market & Financial Investment News

News Breaks
March 11, 2013
06:04 EDTMPC, VLO, TSOFederal ethanol mandate means higher costs for oil refiners, WSJ reports
The cost of complying with a federal mandate to use corn ethanol in fuel has increased sharply in the past few months, putting a squeeze on oil refiners, reports the Wall Street Journal. The price of each credit that refiners need under the law was over $1.00 on Friday, up from just a few cents last year. The new expenses "will have an impact on refinery margins," said Tom Kloza, chief oil analyst with the Oil Price Information Service. Reference Link
News For VLO;MPC;TSO From The Last 14 Days
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March 4, 2015
17:26 EDTTSOTesoro sees FY15 CapEx $600M; FY16 CapEx $625M; FY17 CapEx $575M
Guidance from slides presentation.
07:14 EDTVLOSimmons to hold a conference
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March 3, 2015
16:15 EDTMPCMarathon Petroleum appoints Timothy Griffith as CFO
Marathon Petroleum announced a series of key management changes at MPC headquarters, including the appointments of Donald C. Templin as executive vice president, Supply, Transportation and Marketing, and Timothy T. Griffith as senior vice president and CFO. Both will report to Heminger. Templin, who has served as senior vice president and CFO since June 2011, will provide executive oversight for Supply, Distribution and Planning, Marketing, Transportation and Logistics, and Business Development. Griffith joined MPC in August 2011 as vice president of finance and treasurer, and assumed responsibility for investor relations in early 2014. In his new role, he will oversee the Accounting and Controller's group, Information Technology, Tax, Finance and Investor Relations, and will continue to serve as treasurer. In addition to the changes outlined above, Heminger announced that George P. Shaffner has been appointed senior vice president, Health, Environment, Safety and Security, and John S. Swearingen has been appointed senior vice president, Transportation and Logistics. Also reporting to Templin will be James P. Heintschel in the newly created role of vice president, Business Development. Heintschel served as Business Development director prior to this appointment. All executives involved in the moves will remain at MPC's headquarters in Findlay. These appointments are effective immediately.
February 27, 2015
12:22 EDTVLOValero Energy Partners acquires certain Valero terminating businesses for $671M
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February 24, 2015
07:30 EDTTSOJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link

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