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Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:43 EDTWEX, XOMWEX Inc. sees FY14 adjusted EPS $4.84-$4.99, consensus $4.87
WEX Inc. (WEX) sees FY14 revenue $813M $823M, consensus $783.93M. The company said, "FY14 guidance is based on an assumed average U.S. retail fuel price of $3.61 per gallon and approximately 39M shares outstanding. The fuel prices referenced above are based on the applicable NYMEX futures price. WEX is assuming that exchange rates will remain in the range of the current spot rates. Our full-year 2014 guidance includes an income statement impact of $10M-$13M of expenses after tax related to our planned acquisition of ExxonMobil's (XOM) European commercial fuel card program. Guidance also excludes impacts from a gain of $29M related to the anticipated sale of Pacific Pride."
News For WEX;XOM From The Last 14 Days
Check below for free stories on WEX;XOM the last two weeks.
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September 16, 2014
10:47 EDTXOMBadri sees OPEC lowering oil output target at next meeting, Reuters says
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07:19 EDTXOMCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
September 15, 2014
16:34 EDTWEXWEX Inc. initiated with a Buy at Sterne Agee
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September 12, 2014
07:28 EDTXOMExxon Mobil at risk from sanctions on Russia, WSJ says
New sanctions enacted by the U.S. and the EU against Russia over the ongoing conflict in Ukraine threaten one of Exxon Mobil's best chances to find and tap significant amounts of crude oil via its partnership with Russia's state-owned oil company OAO Rosneft, said The Wall Street Journal. A U.S. official said the new sanctions would affect Exxon's current drilling in the Kara Sea with Rosneft, though the extent of the impact was unclear, the Journal added. Reference Link
September 10, 2014
08:22 EDTXOMBofA/Merrill oil and gas analysts hold an analyst/industry conference call
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September 9, 2014
07:26 EDTWEXDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 9 at 10:30 am; not all company presentations may be webcasted. Webcast Link
September 3, 2014
17:19 EDTXOMExxon Mobil announces Slagen Refinery project to upgrade fuel oil
ExxonMobil affiliate Esso Norge AS announced plans to install a new processing unit at the Slagen refinery to enable production of high quality vacuum gas oil, a higher-yield feedstock used to create finished products such as diesel. The new residual flash tower is an upgrading unit that will improve the facility’s overall crude distillation process by replacing production of heavy fuel oil with lighter, higher-value gas oil.

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