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Editorial Results (free)

1. Fueling Up -

If the political ads along these lines haven’t already started by the time this story is printed, don’t worry. They’ll arrive soon enough.

Somewhere out there, a Republican political strategist is cooking up an ad that hits President Barack Obama over the average price at the gas pump these days – which, while it has fallen in recent weeks, is still a lot higher than when the president took office. At press time, the national average for a gallon of regular gas was $3.72 – up from a little less than $2 when George W. Bush left office.

2. Refinery Operator Valero Energy Posts Q4 Profit -

SAN ANTONIO, Texas (AP) – Valero Energy Corp. said Tuesday that it earned a profit in the fourth quarter as new refineries helped boost revenue beyond expectations.

3. Valero Narrows 4Q Loss to $438M as Demand Improves -

NEW YORK (AP) – Valero Energy Corp. said Wednesday its fourth-quarter loss narrowed as demand for fuel and other refined petroleum products picked up.

4. Valero Shares Fall as Analyst Downgrades Stock -

NEW YORK (AP) - Shares of Valero Energy Corp. fell on Wednesday as an analyst downgraded the refiner's stock, citing a potential $1 billion asset write-down and a weak outlook for the industry.

5. Valero to Eliminate Jobs At New Jersey Refinery -

More bad news for the oil refining industry in southern New Jersey.

San Antonio-based Valero Energy Corp., which has a refinery in Memphis, has reported it plans to eliminate 100 jobs of the 550 at its Paulsboro, N.J., plant by year’s end.

6. Valero Energy to Close Part of Delaware Refinery -

SAN ANTONIO (AP) - Valero Energy Corp., the nation's largest independent refiner, said Tuesday it will close an unprofitable portion of a Delaware refinery, laying off at least 150 employees and 100 contract workers.

7. Valero Reports Q2 Loss as Energy Demand Crumbles -

HOUSTON (AP) - Valero Energy Corp., the largest U.S. independent oil refiner, said Tuesday it lost $254 million in the second quarter as lower margins and weak demand for gasoline and other refined products hammered results.

8. Valero Closes Aruba Refinery For at Least Two Months -

Valero Energy Corp., which has a refinery in Memphis, said it will close its Aruba refinery for at least two months this summer as falling prices for its refined products make the plant less profitable.

9. Valero, State Tension Eases -

It’s too soon to say the danger has passed for Valero Energy Corp.’s Memphis refinery, which officials had been worried would be forced to shut down if state legislation with an expensive new mandate stays on track.

10. Valero Q1 Profit Jumps 18 Pct But Revenue Tumbles -

HOUSTON (AP) - Valero Energy Corp. said Tuesday its first-quarter profit rose more than 18 percent, easily beating Wall Street expectations as higher margins for turning crude into gasoline offset weak demand for a variety of refined products.

11. Tabor Orthopedics to Renovate Newly Purchased Office Building -

1244 Primacy Parkway
Memphis, TN 38119
Permit Amount: $1.5 Million

Project Cost: $1.5 million
Permit Date: Applied April 2009
Completion: October 2009
Owner: Primacy Partners LLC
Tenant: Tabor Orthopedics
Contractor: Grinder, Taber & Grinder Inc.
Architect: Archimania

12. Valero Files Permits For Refinery Improvements -

Valero Refining Co. and Valero Energy Corp. this week filed three permit applications totaling $2.5 million with the city-county Office of Construction Code Enforcement to install new foundations and buildings at the Valero refinery at 543 Mallory Ave. off Interstate 55 near Downtown.

13. Valero to Idle Delaware City Refinery for Repairs -

DOVER, Del. (AP) - Valero Energy Corp. says it will shut down its Delaware City oil refinery for at least a month while repairs are made to a major refining unit.

14. Sector Snap: Refineries Climb on Higher Margins -

NEW YORK (AP) - Shares of refining companies gained on Thursday on news that U.S. refining margins were mostly higher this past week and on expectations that the heavily shorted stocks will rebound.

15. Valero Shares Rise on Upgrade -

NEW YORK (AP) - Shares of Valero Energy Corp. on Monday lifted after Goldman Sachs raise the refiner's price target and upgraded refineries across the board.

16. Falling Energy Prices Yet to Show Economic Return -

PHOENIX (AP) - Economists believe that American consumers as a whole pocket a billion dollars every time the price for a gallon of gas drops by a penny. Given that retail gas prices have dropped by $2.44 per gallon since July, there should be a lot of money flowing back into the economy.

17. Valero Net Income Falls 9 Percent; Spending Cut -

HOUSTON (AP) - Valero Energy Corp., the largest U.S. independent oil refiner, said Tuesday its third-quarter profit fell 9 percent from a year ago, but its results were better than Wall Street forecasts.

18. Valero’s Q2 Profit Down 67 Percent -

Valero Energy Corp. reported Tuesday its second-quarter profit fell 67 percent as refining margins for products such as gasoline shrank.

The San Antonio-based company announced net income for the April to June period fell to $734 million, or $1.37 a share, from $2.25 billion, or $3.89 per share, a year ago.