International Business News - VSE 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 Wall Street extends Dow's rally to third day NEW YORK (AP)--Wall Street showed some signs of stability Tuesday as investors, heartened by government plans to aid consumer lending companies, selectively bought more stocks following a huge two-day rally. Gains in blue chips gave the Dow Jones industrials and the Standard & Poor's 500 index their first triple-session advance in more than two months. http://www.ibtimes.com/articles/20081125/business-highlights.htm Tue, 25 Nov 2008 19:18:44 EST The first salvo may have been fired this week in a long-awaited shakeout for the U.S. ethanol industry. VeraSun Energy Corp., the nation's No. 2 ethanol producer, announced it had received an unsolicited takeover bid one month after seeking bankruptcy protection, and just hours after the nation's biggest producer, Poet LLC, said it was talking with other companies about buyouts. http://www.ibtimes.com/articles/20081125/verasun-gets-unsolicited-buyout-offer.htm Tue, 25 Nov 2008 16:51:49 EST Poet LLC, the nation's top ethanol producer, is in buyout talks with a number of ethanol companies, the company's founder told The Associated Press on Monday. http://www.ibtimes.com/articles/20081124/poet-in-buyout-talks-with-other-ethanol-producers.htm Mon, 24 Nov 2008 15:56:53 EST VeraSun Energy Corp. on Friday said it has paid for, or will pay for, substantially all corn delivered in the 20 days prior to the ethanol producer's Chapter 11 bankruptcy filing, as well as corn delivered since. http://www.ibtimes.com/articles/20081121/verasun-says-it-is-paying-for-corn-deliveries.htm Fri, 21 Nov 2008 15:19:31 EST America's corn farmers, who have become closely tied to the nation's biofuel production, are getting caught up in some of industry's recent fallout. Those supplying VeraSun Energy Corp., the nation's second largest ethanol producer, are being told the company doesn't necessarily have to honor its corn contracts under Chapter 11 bankruptcy protection. http://www.ibtimes.com/articles/20081120/farmers-caught-up-in-ethanol-shakeout.htm Thu, 20 Nov 2008 16:57:15 EST Shares of ethanol producer Aventine Renewable Energy Holdings Inc. sunk below the $1 threshold for the first time Monday as investors reacted to a company announcement that it was suspending plant construction to conserve cash. http://www.ibtimes.com/articles/20081117/aventine-renewable-shares-fall-below-1.htm Mon, 17 Nov 2008 20:47:27 EST Ethanol producer VeraSun Energy Corp., which two weeks ago filed for Chapter 11 bankruptcy protection, said in a regulatory filing Friday that it has terminated Danny C. Herron, the company's president and chief financial officer. http://www.ibtimes.com/articles/20081114/verasun-terminates-herron-as-president-and-cfo.htm Fri, 14 Nov 2008 16:07:40 EST Among the earnings projection stories for Thursday, Nov. 13, from AP Financial News: SIOUX FALLS, S.D. (AP)--Ethanol producer VeraSun Energy Corp. said it expects to report a third-quarter net loss of about $464 million--more than four times the number quoted in an earlier announcement that accelerated the company's fall into bankruptcy protection. http://www.ibtimes.com/articles/20081113/outlook-roundup-verasun-energy-maximus.htm Thu, 13 Nov 2008 14:22:15 EST Ethanol producer VeraSun Energy Corp. said it expects to report a third-quarter net loss of about $464 million--more than four times the number quoted in an earlier announcement that accelerated the company's fall into bankruptcy protection. http://www.ibtimes.com/articles/20081113/verasun-forecasts-drastically-higher-3q-loss.htm Thu, 13 Nov 2008 15:31:21 EST This summer, alternative energy was looking like it was poised for a phenomenal 2009. With oil trading around $147 a barrel, why wouldn't consumers and business turn to something other than the status quo? Even billionaire oilman and investor T. Boone Pickens was jumping on the bandwagon, launching a plan to boost the use of wind and natural gas to ease American dependence on foreign oil. http://www.ibtimes.com/articles/20081112/meltdown-101-the-economy-and-alternative-energy.htm Wed, 12 Nov 2008 17:11:23 EST Troubled ethanol producer VeraSun Energy Corp. said Tuesday it has indefinitely suspended plans to begin operating a new biorefinery in Janesville, Minn. http://www.ibtimes.com/articles/20081104/verasun-energy-suspends-work-on-ethanol-plant.htm Tue, 04 Nov 2008 16:08:45 EST Ethanol producer VeraSun Energy Corp. said Monday it received commitments for up to $215 million in debtor-in-possession financing to pay bills after filing for Chapter 11 bankruptcy protection last weekend. http://www.ibtimes.com/articles/20081104/verasun-energy-gets-215m-financing-commitment.htm Tue, 04 Nov 2008 07:55:55 EST Shares of VeraSun Energy Corp., which accounts for about 13 percent of the nation's ethanol capacity, were suspended Monday on the New York Stock Exchange as the company sought $190 million to make payroll. http://www.ibtimes.com/articles/20081103/verasun-shares-suspended-company-seeks-190m.htm Mon, 03 Nov 2008 17:09:10 EST Standard & Poor's Ratings Services cut its ratings on VeraSun Energy Corp. to the lowest level of default after the ethanol producer said it will seek Chapter 11 bankruptcy protection from its creditors. http://www.ibtimes.com/articles/20081103/s-p-verasun-rating-cut-on-bankruptcy-filing.htm Mon, 03 Nov 2008 16:05:31 EST Treasury prices rose modestly in quiet trading Monday after a bleaker-than-expected reading on the manufacturing sector, but investors avoided making large bets ahead of the presidential election. Meanwhile, key interbank lending rates extended their declines, a sign of further easing in the credit markets. http://www.ibtimes.com/articles/20081103/treasurys-edge-up-after-manufacturing-contraction.htm Mon, 03 Nov 2008 18:31:38 EST VeraSun Energy Corp., the nation's second largest ethanol producer accounting for about 13 percent of U.S. capacity, said late Friday it is seeking Chapter 11 bankruptcy protection after skyrocketing corn costs and a deterioration in capital markets left the company short on cash. http://www.ibtimes.com/articles/20081101/verasun-seeks-chapter-11-bankruptcy-protection.htm Sat, 01 Nov 2008 12:54:39 EDT Among the stock activity stories for Wednesday, Oct. 29, from AP Financial News: NEW YORK (AP)--Shares in Johnson & Johnson fell 4 percent Wednesday after JPMorgan downgraded the stock, saying it is overvalued. http://www.ibtimes.com/articles/20081029/movers-roundup-johnson-johnson-verasun-energy.htm Wed, 29 Oct 2008 19:18:19 EDT Shares of VeraSun Energy Corp. fell Wednesday after a report surfaced saying the ethanol producer is looking into Chapter 11 bankruptcy protection. Debtwire, a financial news service owned by the FT Group, reported late Tuesday citing two unnamed sources that the Sioux Falls, S.D.-based company found debtor-in-possession financing from Ableco "as its imminent Chapter 11 filing gains momentum." http://www.ibtimes.com/articles/20081029/verasun-falls-on-report-bankruptcy-filing-imminent.htm Wed, 29 Oct 2008 20:18:41 EDT Among the stock activity stories for Tuesday, Oct. 28, from AP Financial News: SIOUX FALLS, S.D. (AP)--Shares of ethanol producer VeraSun Energy Corp. closed up nearly 46 percent Tuesday in a surge one analyst says could have been prompted by investors covering short sales. http://www.ibtimes.com/articles/20081028/movers-roundup-verasun-energy-temple-inland.htm Tue, 28 Oct 2008 18:56:56 EDT Shares of ethanol producer VeraSun Energy Corp. closed up nearly 46 percent Tuesday in a surge one analyst says could have been prompted by investors covering short sales. http://www.ibtimes.com/articles/20081028/verasun-shares-jump-on-likely-short-sell-cover.htm Tue, 28 Oct 2008 17:38:41 EDT