Oil refiner and marketer Western Refining Inc. (WNR) reported weaker-than-expected third quarter results, pulled down by lower margins and throughput on the back of weak fuel demand and high inventories caused by the prolonged economic slowdown. This was partially offset by lower costs and expenses. Its loss per share came in at 5 cents, wider than the Zacks Consensus Estimate of 3 cents. In the year-ago period, the Texas-based company earned $1.60 per share. Revenues were down 40.1% year over year to $1.9 billion. Western follows larger rivals Valero Energy Corp. (VLO) and Sunoco Inc. (SUN) that also posted bigger-than-expected losses. Refining Segment Results Western’s refining segment experienced a significant decline in operating income (operating income of $22.2 million vs. $180.8 million in the year-earlier quarter), adversely impacted by weak values for finished products, relative to crude and other feedstock prices. Throughput...

In September, the trade deficit expanded to $36.5 billion -- an increase of $5.7 billion or 18.5% over August. This was a much bigger increase than was expected, as consensus expectations were for a deficit of $31.8 billion. Since the trade deficit is a direct input into the GDP calculations, look for the next iteration of the third quarter GDP numbers to be revised down from the original read of 3.5% growth. The reason for the growth in the trade deficit is also a bit of a silver lining. It happened because imports rose by $9.3 billion to $168.4 billion, while exports rose by $3.7 billion. The increase in both imports and exports indicates that world trade -- which is very important to global growth -- is on the mend. A 5.8% monthly increase is unusual, but is probably a reflection of higher overall demand in the ...

Marathon Oil Corporation’s (MRO) third-quarter 2009 results came in better-than-expected, helped by the contribution from increased oil and natural gas production. Earnings per share, excluding mark-to-market and divestment losses, came in at 61 cents, above the Zacks Consensus Estimate of 56 cents. However, as has been the case with the other oil majors that have already reported -- Exxon (XOM), ConocoPhillips (COP) and Chevron (CVX) -- earnings and revenue comparisons with the year-earlier period were quite ugly, severely hampered by lower realized commodity prices and weak refining margins. Marathon’s adjusted earnings per share plunged 77.9%, while sales declined 37.9% to $14.5 billion. Lower Prices More Than Offset Increased Upstream Volumes Income from the upstream segment totaled $491 million during the quarter, down 43.5% from the year-ago level. The company reported production (available for sale) of 393,000 oil-equivalent barrels per day (BOE/d), ...

eDoorways Corp. today discussed the “LEARN” doorway and demoed its eC Device at the Ibero-American Science and Technology Education Center’s (ISTEC) XVIIth Annual General Assembly on the Campus of the University of New Mexico (UNM) in Albuquerque, New Mexico, USA. The presentation made earlier this week was so popular that the 200 people in attendance from various parts of Latin America, Spain, Portugal and the US requested a second demonstration.

The theme of this year’s General Assembly is “Using Technology to Enable Collaboration, and Collaboration to Advance Science and Technology.” Speakers included Founder and Executive Vice President of ISTEC, Dr. Ramiro Jordan, Dr. David J. Schmidly (President of UNM), Martin J. Chavez (Albuquerque, NM Mayor) and Dr. Mauro Miskulin (ISTEC President), amongst other esteemed educational, political and corporate guests. Also included was eDoorways’ lead consultant Ajene Watson, Managing Member of Ajene Watson

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Entree Gold Inc., a Canadian mineral exploration company, announced today that its application for conversion of the Shivee Tolgoi and Javhlant exploration concessions to mining licenses has been approved by the Mineral Resources Authority of Mongolia. The sites are located in southern Mongolia, not far from the northern border of China, and total over 75,000 hectares, or about 185,000 acres.

The Javhlant license, along with the eastern portion of the Shivee Tolgoi license, are subject to a joint venture with Ivanhoe Mines Ltd through its subsidiary Ivanhoe Mines Mongolia Inc. LLC (NYSE: IVN, Nasdaq: IVN). The license sites completely surround Ivanhoe Mine’s Oyu Tolgoi mining license site, and conversion of these licenses consolidates a huge land position upon which the Oyu Tolgoi mining complex will be established. Mining licenses have a 30-year term, with two possible renewals of 20 years each.

Entree president and CEO, Greg Crowe, stated: “The granting of

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eDoorways Corporation announced this afternoon that it will be playing an integral role at the Ibero-American Science and Technology Education Center (ISTEC) XVIIth annual General Assembly, held the week of October 26 – 30, 2009, on the Campus of the University of New Mexico (UNM) in Albuquerque, NM – USA. Not only will eDoorways co-sponsor the event, but its officers will deliver keynote presentations on Tuesday, October 27, and Wednesday, October 28.

Gary Kimmons, Chairman & CEO of eDoorways Corporation, stated, “This is a very important event for ISTEC and for eDoorways and the beginning of a partnership between us. The theme for this year’s General Assembly is, ‘Using Technology to Enable Collaboration, and Collaboration to Advance Science and Technology.’ As it happens, that is exactly what our LEARN and SOLVE Doorways can help bring about. We foresee a genuine symbiosis here

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eDoorways Corp. today announced that it has been scheduled to present at ISTEC’s (Ibero-American Science and Technology Education Center) 17th annual General Assembly, held the week of October 26 – 30, 2009, on the Campus of the University of New Mexico (UNM) in Albuquerque, NM — USA. The theme for this year’s General Assembly is, “Using Technology to enable Collaboration, and Collaboration to Advance Science and Technology.”

Gary Kimmons, Chairman & CEO of eDoorways Corporation, stated, “This is one of those rare opportunities. Where a growing company like eDoorways has the chance to get on the ‘big stage’ in front of groups like Sun Microsystems, Hewlett Packard, National Instruments, Institute of Electrical and Electronics Engineers, Charles Darwin Research Station and the World Bank, all members of ISTEC, mainly because we’ve been recognized for the possibilities we bring to society through our

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GMX Resources Inc. (GMXR) recently agreed to sell a 40% interest in its gas gathering and compression business to Kinder Morgan Energy Partners L.P. (KMP) for $36 million. The closing of the transaction is subject to customary closing conditions and is expected to conclude in early November. This transaction will fund GMX’s addition of a second rig to the Haynesville/Bossier Shale horizontal drilling program. The salt water disposal assets and other poly pipelines will not be part of the transaction and will continue to be wholly owned by Endeavor Pipeline Inc., a wholly owned subsidiary of GMX Resources. The gas gathering and compression business provides gathering services to the company in its Cotton Valley Sands and Haynesville/Bossier Shale horizontal developments in East Texas. It will provide funding for future infrastructure needs to support GMX's anticipated production growth. Separately, GMX said its second FlexRig 3 ...

Linn Energy, LL (LINE) beat analyst expectations and continues to trend higher while making new acquisitions.

Company Description

Linn Energy is in the business of developing and acquiring oil and gas assets in the U.S.

Topping Expectations

On Aug 6 the company reported net income of 45 cents per unit, 4 cents higher than the Zacks Consensus Estimate. This was the second consecutive earnings surprise for Linn.

Earnings came in above expectations on production at the high end of guidance and expenses at the low end. Additionally, Linn announced the acquisition of 2 certain properties in West Texas and New Mexico for $118 million.

Estimates Climbing

Following the report the full-year Zacks Consensus Estimate has jumped. Forecasts for this year average $2.07, up from $1.73. The consensus for next year is $2.04, up from $1.49.

While the growth rate for next year is a down slightly, this year's earnings are

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Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) has announced that it has filed PCT patent applications for new International Patent protections for its Nano Cavitation Technologies

Medtronic, Inc. (NYSE: MDT), announced today the initiation of a feasibility study of an interventional treatment for erectile dysfunction (ED) that uses a specially-designed drug-eluting stent system. The study, called ZEN (Zotarolimus-Eluting Peripheral Stent System for the Treatment of Erectile Dysfunction in Males with Sub-Optimal Response to PDE5 Inhibitors), is being

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