News For VLO From The Last 14 Days Check below for free stories on VLO the last two weeks.
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February 4, 2010
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| 15:01 EDT |  | VLO |
| theflyonthewall.com: | Valero Renewables closes on purchase of Jefferson Ethanol plants | | Valero Renewable Fuels, a wholly owned subsidiary of Valero Energy, announced today that it has closed on its purchase of an ethanol plant from Renew Energy. The plant, located near Jefferson, Wis., has an annual production capacity of 110 million gallons. Valero paid $72M for the plant. The purchase gives Valero Renewables a total of 10 ethanol plants with a combined production capacity of 1.1B gallons per year, making it one of the nation's largest ethanol producers. :theflyonthewall.com |
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January 27, 2010
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| 07:51 EDT | | VLO |
| theflyonthewall.com: | Valero Energy expects 2010 to be another challenging year for the industry | | "Weak demand, narrow margins, and low discounts in the fourth quarter exemplified how difficult refining conditions were in 2009,” said Bill Klesse, Valero’s Chairman of the Board and CEO. “While 2009 may have been the bottom for refining profitability, there’s too much inventory and spare refining capacity in the industry right now for margins to rebound quickly. Economic growth will help demand recover in 2010, but we also expect new refining capacity to come online in the U.S. and around the world. Therefore, 2010 is expected to be another challenging year for the industry while refiners close marginal capacity and wait for demand growth to work down spare capacity.” :theflyonthewall.com |
| | 07:50 EDT |  | VLO |
| theflyonthewall.com: | Valero Energy reports Q4 EPS (28c) vs. consensus of (47c) | | Reports Q4 revenue $18.86B vs. consensus $18.34B. :theflyonthewall.com |
| | 07:19 EDT |  | VLO |
| | 07:00 EDT | | VLO |
| theflyonthewall.com: | On the Fly: Periodicals Wrap-Up | | WALL STREET JOURNAL: Oracle Corp. (ORCL) is planning to hire 2,000 people, outnumbering the cuts the company is making in its long-delayed takeover of Sun Microsystems (JAVA), the Wall Street Journal reports. Says Oracle CEO Larry Ellison: "We are not cutting Sun to profitability...We think that this business will be profitable immediately."...Struggling to survive the worst fuel market since the 1980s, Valero Energy Corp. (VLO) is reversing an acquisition binge that had made it North America's largest oil refiner, reports the Wall Street Journal. Valero is working to sell its remaining plants on the U.S. East Coast and in the Caribbean. It has put off international expansion plans, and today will likely indicate whether it will cut its dividend...BARRON'S: Barrons.com believes that Apple (AAPL) remains a worthwhile investment, despite all the hype about the company's soon-to-be-unveiled tablet computer... ASSOCIATED PRESS: Apple's (AAPL) rumored tablet could pose a challenge to established players in the video game business, the Associated Press reports, so long as potential buyers aren't scared off by a price that may be higher than an Xbox 360 (MSFT), PlayStation 3 (SNE) and Wii (NTDOY) combined. :theflyonthewall.com |
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