Exxon Mobil Corp. is exiting the retail gasoline business, though 75% of its 12,000 U.S. stations are already owned by branded distributors who buy ExxonMobil’s products and pay to use the company’s name, the Associated Press reported. Irving-based Exxon, the world’s biggest publicly traded oil company, plans to sell to distributors its remaining 820 company-owned [...]
UK-based grocer Tesco is looking to revamp its Fresh & Easy stores on the West Coast in hopes of fostering a "warmer" shopping environment as it readies for more openings, Retail Week reported. The company said its 61 Fresh & Easy stores in Nevada, Arizona and California will be given more color and signage, mainly [...]
ANKELEY, Iowa – Profits for c-store operator Casey’s General Stores Inc. dropped 13% in the fourth-quarter ending April 30, but its performance still defied Wall Street’s expectations, The Associated Press reported. The company reported income of $14.4 million for the three-month period, or 28 cents per share, compared with $16.6 million, or 33 cents per [...]
Belgian beer brewer InBev has offered a proposal to Anheuser-Busch Inc. to combine the two companies and form a massive global brewer. A-B acknowledged receipt of the unsolicited proposal and said its board of directors would evaluate it carefully and “pursue the course of action that is in the best interest of Anheuser-Busch’s stockholders.” InBev [...]
Franklin, Tenn.-based Horizon Travel Plazas LLC, created in 2003 by former Mapco Express executives, has filed a petition for Chapter 11 bankruptcy in U.S. Bankruptcy Court in the Middle District of Tennessee, the Nashville Business Journal and Nashville Post reported. Founded by former Mapco CEO James Alligood and Vice President of Business Development Steve Ramer, [...]
Valero Refining Texas LP has reached a settlement with the U.S. Justice Department and Environmental Protection Agency to end allegations that the oil refiner violated the Clear Water Act two years ago, the U.S. EPA reported. The government alleged Valero spilled 3,400 barrels of oil into the Corpus Christi Ship Channel on June 1, 2006, [...]
Pennsylvania-based Wawa is teaming up with Minor League Baseball to offer fans of 13 mid-Atlantic teams a promotion involving on-field fun between innings, special giveaways and appearances from Wawa’s mascot, Wally Goose. The c-store chain’s partnership extends to the Aberdeen IronBirds, Atlantic City Surf, Bowie Baysox, Camden Riversharks, Delmarva Shorebirds, Lakewood BlueClaws, Lehigh Valley IronPigs, [...]
The Hispanic Heritage Foundation (HHF) has awarded U. S. Rep. Rubén Hinojosa (D-Texas) and ExxonMobil Chairman and CEO Rex Tillerson with the Inspira Award for their leadership in education for Latinos and for inspiring a new generation of Hispanic leaders in the U.S., the organization said. The Inspira Award was created to honor Latino leaders [...]
Longtime wholesale jobber Jensen Oil, of Salt Lake City, Utah, is changing hands after more than half a century, the Salt Lake Tribune reported. After nearly 50 years operating as a wholesale petroleum products jobber – the past 20 as the owner of the company his stepfather, Ora Jensen, founded in 1948 – David Werrett [...]
SABMiller and Molson Coors Brewing Co. have formed an executive team for the joint venture between Miller Brewing Co. and Coors Brewing Co., just five days after the deal was approved by the U.S. Department of Justice, the companies said. London-based SABMiller and Denver-based Molson Coors agreed in October last year to merge the U.S. [...]
7-Eleven, Inc. has hulked up its stores, unveiling everything from green-colored Slurpees and Super Hero sandwiches to a renamed Incredible Gulp fountain drink and a new edition of The Incredible Hulk comic book, created by Marvel Comics and available exclusively at 7-Eleven. It’s all part of the buzz-build for the June 13 release of Universal [...]
Aerohive Networks, creators of the controller-less "cooperative control" wireless LAN (WLAN) architecture, said 7-Eleven has deployed its wireless LAN in its Oklahoma City corporate office and chain of convenience stores. Infoworld recently chose Aerohive as among the Top 10 high tech startup companies, primarily because of Aerohive’s innovations in creating a centrally managed wireless network [...]
Tokyo-based FamilyMart Co. is looking to expand its upscale convenience stores after last year’s opening of its first locations in West Hollywood and Westwood, Calif.,The Los Angeles Times reported. The chain hopes to have as many as 30 of its upscale, Asian-inspired “Famima” shops in the Los Angeles area by the end of this year [...]
Chester’s International opened its newest chicken foodservice site in Florence, Miss., this week at Southern Oil convenience store on East Main Street. The new store is a franchised location operated by Mitchell Morris, owner and operator of the Southern Oil convenience store in historic Florence. With the Chester’s addition, the c-store chain will serve lunch [...]
The 10th annual Sheetz Family Christmas "For the Kidz" Golf Classic in Williamsburg, Va. this week is drawing big-name stars like Pittsburgh Steelers QB Ben Roethlisberger, NFL greats Lawrence Taylor, Eric Dickerson, Cris Carter and LPGA pro Natalie Gulbis. The charity event, held yesterday and today at Kingsmill Resort in Williamsburg, raises thousands of dollars [...]