XOM Profits 2 Cents a Gallon on Gasoline

“ExxonMobil’s earnings are from operations in more than 100 countries around the world. The part of the business that refines and sells gasoline and diesel in the United States represents less than 3 percent – or 3 cents on the dollar – of our total earnings. For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”

Read the rest here.

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“We continue to see positive economic trends in an expanding economy, supporting profitable growth across all major markets that we serve. Looking ahead, both discussions with our customers and review of key leading indicators suggest healthy economic growth will continue throughout 2011 and beyond.

CSX’s overall volume growth in the first quarter increased 7 percent versus the same period last year. Although the industry experienced some limited volume volatility due to weather in the first quarter, global and domestic demand is strong.”

Full interview

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“The dollar descended to a three-year low against major currencies on Thursday on the Federal Reserve’s intention to keep near-zero interest rates and softer-than-expected U.S. jobs and economic growth data underscored the bearish sentiment.”

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The spread was cut down to almost $10 last week. However, things have turned up for Brent this week, sending the spread to nearly $13 or 11.5%.

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AMZN, AAPL, BIDU, FFIV, FSLR, GOOG, NFLX, PCLN, QCOM, WYNN

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Most likely, this is another scam. However, it’s a rather big company in China and Morgan Stanley is lead underwriter.

China Zenix Auto International Limited, a leading China-based manufacturer of commercial vehicle wheels for OEMs and the aftermarket, announced terms for its IPO on Thursday. The Zhangzhou, China-based company plans to raise $122 million by offering 11.6 million shares at a price range of $9.50 to $11.50. At the mid-point of the proposed range, China Zenix Auto International Limited will command a market value of $542 million. China Zenix Auto International Limited, which was founded in 2003 and booked $485 million in sales for the 12 months ended December 31, 2010, plans to list on the NYSE under the symbol ZX. Morgan Stanley is the lead underwriter on the deal, which is expected to price during the week of May 9.

Ticker symbol will be ZX

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Perhaps premature and all conversation, but currency imbalances effecting trade and investment seems to be a driving force within this discussion. Rather than internal expression we are now potentially witnessing a external force.

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“The PDF document has layers.”

Denninger

Infowars (I know)

National Review

Wire Update

[youtube:http://www.youtube.com/watch?v=3g30VCl_cgk&feature=player_embedded 616 500]

Related: Obama’s true birth place? ROFL

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Ticker STVI.ob owns Are You Interested, a dating app for Facebook and iphone. To date, they have over 17 million users on Facebook, making it the #8 app on the social networking site.

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Despite higher input costs impacting margins and some perceived slower growth CEOs are generally upbeat about the future….perhaps they could be avoiding voicing concerns.

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BETHESDA, Md. (TheStreet) — An FDA advisory panel meets today to review a new hepatitis C drug from Vertex Pharmaceuticals(VRTX_).

“The Vertex drug, known as telaprevir, is one of the most advanced entrants in a new class of oral drugs that acts directly against the hepatitis C virus and promises to radically improve cure rates while cutting treatment duration.

The same panel of FDA-appointed experts voted 18-0 Wednesday to recommend approval of a competing hepatitis C drug developed by Merck(MRK_).

Both telaprevir and boceprevir could be approved and launched later this year, transforming the way hepatitis C is treated and leading to blockbuster sales.”

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“WASHINGTON — The United States on Wednesday authorized Americans to buy oil from Libyan rebels, easing sanctions to open a stream of funding to opponents of Libyan strongman Moamer Kadhafi.

The US Treasury specifically authorized transactions with Qatar Petroleum and the Vitol Group “related to oil, gas, or petroleum products exported from Libya under the auspices of the Transitional National Council of Libya.”

Buyers must report the transactions to the Treasury Department and provide information to show that the Libyan government or others under sanctions derive no benefit, the Treasury Department statement said.”

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“Newly-released footage shows Saudi-backed Bahraini forces using poison gas against anti-government protesters in the tiny Persian Gulf country.

Similar footage had previously come out of Bahrain showing the brutality of Bahraini and Saudi forces against peaceful anti-government protesters.

Meanwhile, medical staff at a Bahraini hospital said they received a patient suffering from a serious condition caused by poison gas that was reportedly used by Bahraini forces. ”
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“Saudi authorities continue to arrest pro-reform activists over fears popular anti-government protests might spread across the kingdom.

Over the past week, the Saudi police raided the houses of two Shia internet activists, named Mustafa al-Mubarak and Hussein al-Hashem, detaining them for taking part in the demonstrations, Reuters reported on Wednesday. ”

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But “we live in an imperfect world,” he told CNBC. “I’m not going to be able to get rid of the Fed.” So the next best thing is to limit the Fed’s power, and Paul has frequently introduced bills to do just that.”

Read more: Ron Paul: We Must Weaken Fed’s Powers

“Let me issue and control a nation’s money supply, and I care not who makes its laws.” (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty)

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens…There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” (John Maynard Keynes)

Background quotes found here

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Spreads are up 2.4% to $27.38

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ticker BHI

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Cirrus Logic sees Q1 revs $88-94 mln vs $99.20 mln Thomson Reuters consensus; GM 51-54%

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Ticker BA

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