Oil & Gas Refining & Marketing

Valero Energy Corp. (VLO) announced that it will build two hydrocracker units. The company has revamped its plan to build two such units at its refineries in Port Arthur, Texas and St. Charles, Louisiana, at a total cost of $2.9 billion. The hydrocracker units will remove sulfur during the refining...

Valero Energy Corp. (VLO) has increased its capital spending budget by $300 million for 2011 from this year's budget of $2.3 billion. The company said this in a slide presentation filed with the U.S. Securities and Exchange Commission. Valero also gave hints of pre-tax $100 million savings this...

World Fuel Services (NYSE: INT) announced today that it has successfully amended and restated its existing credit facility. The amended and restated credit facility allows for borrowings of up to $800 million and is scheduled to mature in September 2015. “We substantially increased the size of our...

Science Applications International Corporation (SAIC) (NYSE: SAI) today announced its wholly-owned subsidiary, Benham Constructors, LLC has been awarded two new contracts by a subsidiary of Holly Corporation (NYSE: HOC), an independent petroleum refiner and marketer, to provide engineering,...

For Immediate Release Chicago, IL – September 7, 2010 – Zacks.com Analyst Blog features: Burger King Holdings Inc. (BKC), McDonald's Corp. (MCD), Diageo plc (DEO), Krispy Kreme Doughnuts Inc. (KKD) and Cooper Companies Inc. (COO ). Get the most recent insight from Zacks Equity Research with...

Jon Worth produced this word cloud from European Commission (EC) President Jose Manuel Barroso's "State of the European Union." Listening to Barroso his proposal for EU project bonds for infrastructure projects stuck out in financial terms. The rest? See the word cloud. Barroso, a non-publicly...

The Wall Street Journal posted an article about ETFs which made a point that I have been making here and at the Street.com for years which is about the need to look under the hood of any ETFs you study or buy to see what the largest holdings are and depending on the weight of those largest holdings...

Eye-care and surgical product maker Cooper Companies Inc. (COO) reported better-than-expected third-quarter fiscal 2010 (ended July 31, 2010) results with adjusted earnings per share of 91 cents outshining the Zacks Consensus Estimate of 71 cents and the year-ago earnings of 54 cents. Adjusted...

Sunoco, Inc.’s (NYSE: SUN) Board of Directors today declared a cash dividend for the fourth quarter of 2010 of $0.15 per share on all full shares of common stock outstanding, payable December 10, 2010 to shareholders of record at the close of business on November 17, 2010.

The Cooper Companies, Inc. (NYSE: COO) today announced financial results for the fiscal third quarter ended July 31, 2010. * Revenue increased 4% year-over-year to $295.6 million. CooperVision (CVI) revenue up 3% to $249.0 million, and CooperSurgical (CSI) revenue up 5% to $46.6 million. * GAAP...

Verenium Corporation (Nasdaq: VRNM) today announced the closing of the sale of its cellulosic biofuels business to BP Biofuels North America for $98.3 million, subject to the additional financial terms of the transaction announced on July 15, 2010. In the transaction, BP acquired the Company's...

World Fuel Services Corporation (NYSE: INT) announced today that its board of directors has declared a quarterly cash dividend of $0.0375 per share payable on October 6, 2010 to shareholders of record on September 17, 2010.