Tesoro Corp
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A day of reckoning awaits the stock market rally, but not just yet, StockMonster's Guy Adami says.
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HOUSTON, May 17- Independent western U.S. refiner Tesoro Corp said on Friday that it has signed a side letter agreement with California Attorney General Kamala Harris on its planned $2.4- billion purchase of BP Plc's Los Angeles- area refinery and other assets.
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May 17- The U.S. Federal Trade Commission on Friday said it approved Tesoro Corp's purchase of BP Plc's 240,000 barrel per day Los Angles area refinery and other assets in a 3-0 vote. The commission found the deal would not substantially lessen competition among seven refiners for gasoline in California, the nation's largest gasoline market.
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*BP Arco station owners told sale could happen by June 1. HOUSTON/ WASHINGTON, May 16- Independent western U.S. refiner Tesoro Corp may take ownership of BP Plc's 240,000 barrel per day refinery in Carson, California, as early as June 1, sources familiar with the transaction said on Thursday.
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HOUSTON, May 16- Independent western U.S. refiner Tesoro Corp may take ownership of BP Plc's 240,000 barrel per day Carson, California, refinery, 800- station retail network and distribution and storage assets as early as June 1, said sources familiar with the transaction on Thursday.
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A day of reckoning awaits the stock market rally, but not just yet, StockMonster's Guy Adami says.
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HOUSTON, May 2- Tesoro Corp is nearing the end of the regulatory review of its planned purchase of BP Plc's 240,000- barrels-per-day Los Angeles- area refinery in Carson, California, Tesoro Chief Executive Greg Goff said on Thursday.
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Stocks exit April on a new high, and with the promise of continuing easy money policies, investors could be tempted to rethink the "sell in May and go away" strategy of recent years.
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A surprise drop in gasoline supplies sent oil and gasoline futures higher, but pump prices are likely to head lower.
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WASHINGTON, April 18- Three women lawyers at the U.S. Justice Department's antitrust division are on the short list to fill a Democratic vacancy on the Federal Trade Commission, according to sources knowledgeable about the process.
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HOUSTON, April 17- Twelve contract workers were hurt on Wednesday morning when a fire broke out at a unit undergoing repairs at Exxon Mobil Corp's 344,500 barrel per day Beaumont, Texas, refinery, a company spokeswoman said. The blaze was quickly brought under control and extinguished, said company spokeswoman Rachael Moore.
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Stocks finished sharply lower Wednesday, with the S&P 500 and Nasdaq falling 1 percent each, amid building worries over North Korea and after San Francisco Federal Reserve Bank President John Williams said the central bank could begin to taper purchases this summer if the economy continues to improve.
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*CVR Energy, HollyFrontier vulnerable to higher RIN costs. CVR Energy Inc and HollyFrontier Corp, inland refiners with limited capacity to blend biofuels into the pipeline, are suffering from a jolt to investor confidence while stocks of their coastal peers continue a two-year upward march.
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March 27- Phillips 66 Partners LP has registered for an initial public offering of units in the midstream partnership that would raise $300 million, making Phillips 66 just the latest U.S. refining company to launch such a tax-efficient vehicle.
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WASHINGTON, March 22- The tax reform tempo is picking up in the U.S. Congress, with lawmakers meeting, task forces floating proposals and lobbyists scurrying to get in on the action- a small piece of which recently took place in an historic Capitol Hill meeting room.
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*FTC probing Office Depot/ OfficeMax deal, Tesoro refinery buy. WASHINGTON, Feb 28- President Barack Obama is to name Edith Ramirez, once his colleague at the Harvard Law Review, as chairwoman of the Federal Trade Commission, the FTC said on Thursday.
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Check out which companies are making headlines after the bell Thursday: