Daily Stocks News » VLO

Major Movers on July 12; SPRD, RSH, FIVE, WBMD, QSII, VLO

Warren Paige — Fri, 12 Jul 2013 18:27:28 +0000

Shares of Spreadtrum Communications Inc. (ADR) (NASDAQ: SPRD) catapulted about 12.90% by afternoon trade on Friday after the smartphone chip maker announced that it has agreed to be acquired by China’s Tsinghua Holdings Co for $1.78 billion. The offer price of $31 per ADS implies a premium of 17% over SPRD closing stock price on [...]

Valero Energy to Spin Off its CST Brands Business (VLO)

Warren Paige — Sat, 06 Apr 2013 03:29:31 +0000

Valero Energy Corporation (NYSE: VLO) said on Friday that its board has approved the plan to spin off retail business, CST Brands, as the Company shifts its focus on key strategic areas.

Accordingly, San Antonio TX based Company, will give its shareholders 80% of its equity in CST Brands.

That means, shareholder will get [...]

Big Gainers on January 29; VLO, GNTX, PFE

Warren Paige — Tue, 29 Jan 2013 16:06:18 +0000

Shares of Valero Energy Corporation (NYSE: VLO), an independent petroleum refining and marketing company, have surged in early trading today after the company reported its fourth-quarter financial results.

For the fourth quarter of 2012, VLO reported net income of $1 billion, or $1.82 per share, compared to $45 million, or $0.08 per share reported [...]