Alon USA (ALJ) on the prowl for more refinery assets in the US, according to the Reuters article. Alon USA President and Chief Executive Officer Jeff Morris told the Reuters Global Energy Summit in New York that his company would be interested in buying certain refineries, citing those in the Rockies and the Midwest. Morris also said refineries that processed the cheaper priced heavy crudes were more appealing than those that ran the lighter, sweeter — and more expensive — grades. See Aaron Katsman’s previous article on how the summer driving season may impact ALJ.

Elbit Systems (ESLT) seems to have won a deal from the US Marines for ruggedized computers. The Marines $18.5MM order is for small hand-held computers to provide situational awareness to the forces. Haaretz reports the deal is a relatively small one in a pipeline that measures $3.8 Billion at the end of Q1 2007. Read IsraelNewsletter.com’s recent article on Elbit Systems (War Brings Boom to Elbit Systems).

Reuters reports that Yediot Achronot uncovers news that Tower Semiconductor (TSEM) is in talks to buy $80MM worth of capital equipment from AMD (AMD). Bond offering is also on the way.

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