International Business News - AVR http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Ethanol producer VeraSun Energy Corp. on Tuesday named a former oil industry executive as its non-executive board chairman. Duane Gilliam, a VeraSun director who also chairs the board's compensation committee, succeeds Gordon Ommen, who resigned "to focus on other business opportunities," the company said. http://www.ibtimes.com/articles/20080701/ethanol-producer-verasun-energy-gets-new-chairman.htm Tue, 01 Jul 2008 07:53:04 EDT Shares of corn-based ethanol producers on Friday began rising after an early-session tumble brought on by worries over soaring corn costs and an expected wave of new ethanol capacity. http://www.ibtimes.com/articles/20080627/sector-snap-shares-of-ethanol-producers-falling.htm Fri, 27 Jun 2008 15:38:36 EDT Shares of large ethanol producers rose Wednesday after one company raised the amount of newly built capacity it will keep idle to 330 million gallons per year. http://www.ibtimes.com/articles/20080625/ethanol-producers-shares-rise-after-capacity-idled.htm Wed, 25 Jun 2008 12:05:05 EDT Corn ethanol producer VeraSun Energy Corp. on Wednesday raised to three the number of newly built production facilities whose startup is being delayed due to "volatility in the market." http://www.ibtimes.com/articles/20080625/verasun-delays-start-of-3rd-ethanol-plant.htm Wed, 25 Jun 2008 09:40:01 EDT The Renewable Fuels Association, which represents the U.S. ethanol industry, spent nearly $162,000 in the first quarter lobbying on federal regulations that encourage use of the fuel, according to a recent disclosure form. http://www.ibtimes.com/articles/20080623/ethanol-trade-group-spent-162-000-lobbying-in-1q.htm Mon, 23 Jun 2008 16:18:34 EDT An analyst cut his 2008 ethanol production forecast and lowered estimate for some of the biofuel's biggest producers Wednesday, as corn prices spike nationwide due in part to Midwest flooding. http://www.ibtimes.com/articles/20080618/ahead-of-the-bell-ethanol-producers.htm Wed, 18 Jun 2008 09:04:46 EDT Record-high corn prices, among other market conditions, have ethanol producers slowing expansion and analysts crunching numbers to find the industry's break-even point. http://www.ibtimes.com/articles/20080617/record-high-corn-prices-slow-ethanol-expansion.htm Tue, 17 Jun 2008 12:36:33 EDT The values of ethanol producers hemorrhaged Thursday as the price of their key feedstock, corn, climbed to record levels because U.S. floods have devasted this year's crop. http://www.ibtimes.com/articles/20080612/sector-snap-surging-corn-prices-slash-ethanol.htm Thu, 12 Jun 2008 15:47:00 EDT Among the premarket stories for Wednesday, June 11, from AP Financial News: NEW YORK (AP)--Two analysts cut estimates on Amerigroup Corp. Wednesday, the day after the health insurer suspended its full-year profit guidance due to rate negotiations in Tennessee. http://www.ibtimes.com/articles/20080611/premarket-roundup-amerigroup-progressive.htm Wed, 11 Jun 2008 09:42:32 EDT Shares of ethanol producers may open lower Wednesday, a day after the Department of Agriculture said the corn harvest will be low and the presumptive Republican presidential nominee called again for an end to ethanol subsidies. http://www.ibtimes.com/articles/20080611/ahead-of-the-bell-ethanol-shares-may-fall-further.htm Wed, 11 Jun 2008 08:44:44 EDT Shares of ethanol producers fell Tuesday as evidence accumulated that the price of corn, from which ethanol is made, will keep rising because of weather problems, costlier petroleum and rising Third World demand for food. http://www.ibtimes.com/articles/20080610/sector-snap-ethanol-stocks-declining.htm Tue, 10 Jun 2008 13:06:15 EDT Shares of ethanol producers rose sharply Monday after Pacific Ethanol Inc.'s first-quarter results easily beat Wall Street expectations and motor fuel prices increased. http://www.ibtimes.com/articles/20080519/sector-snap-ethanol-producers-shares-jump.htm Mon, 19 May 2008 11:15:35 EDT Shares of ethanol producers climbed Monday after a security analyst dismissed recent talk that Congress may repeal or lessen current required use of the corn-based commodity. http://www.ibtimes.com/articles/20080512/shares-of-ethanol-producers-rising.htm Mon, 12 May 2008 11:21:32 EDT U.S. producers of corn-based ethanol used to be able to promote their business and their shares with a blend of patriotism and eco-sensitivity other industries could only envy. http://www.ibtimes.com/articles/20080509/market-spotlight-once-trendy-ethanol-struggles.htm Fri, 09 May 2008 14:03:55 EDT Shares of Aventine Renewable Energy Holdings Inc. fell Monday after an analyst warned that the ethanol producer faces a cash shortfall. Lehman Brothers analyst Mansi Singhal estimated, in a client note, that Aventine faces a cash shortfall of $60 million. http://www.ibtimes.com/articles/20080505/aventine-shares-fall-as-analyst-warns-of-cash-shortfall.htm Mon, 05 May 2008 14:06:24 EDT Shares of ethanol producers opened mixed Monday as the price of crude oil rose, while the broader market declined. Crude oil futures for June delivery rose $2.28 to $118.60 a barrel in electronic trading on the New York Mercantile Exchange, boosted by news of an attack on a Nigerian oil facility. http://www.ibtimes.com/articles/20080505/opening-glance-ethanol-shares-open-mixed-as-market-declines.htm Mon, 05 May 2008 10:26:19 EDT Following is a summary of top stories in the energy sector Friday afternoon. Gasoline Price Rise Stalls http://www.ibtimes.com/articles/20080502/energy-sector-roundup-pump-prices-pause.htm Fri, 02 May 2008 15:31:46 EDT Shares of ethanol maker Aventine Renewable Energy Inc. soared 11 percent Friday as its first-quarter revenue and adjusted net income easily beat analyst estimates. http://www.ibtimes.com/articles/20080502/aventine-renewable-energy-shares-soar-on-1st-qtr-profit.htm Fri, 02 May 2008 11:42:41 EDT Shares of ethanol producers rose Friday after an analyst initiated coverage of three companies, saying the sector's overcapacity could cease to be a problem as soon as late fall. http://www.ibtimes.com/articles/20080425/sector-snap-analyst-says-end-of-ethanol-oversupply-in-sight.htm Fri, 25 Apr 2008 13:18:23 EDT Ethanol stocks fell Monday as a government survey showed that corn supplies will be tighter this year, indicating higher costs for ethanol producers. Farmers are expected to plant 86 million acres of corn this year, the Department of Agriculture predicted Monday, down 8 percent from 2007, when the amount of corn planted was the highest since World War II. The report is based on sample surveys of 86,000 farm operators in the first two weeks of March. http://www.ibtimes.com/articles/20080331/sector-snap-ethanol-shares-decline.htm Mon, 31 Mar 2008 12:33:38 EDT