A group of about 20 BP gas station operators in Newark, N.J., have filed a lawsuit against BP, accusing the company of reneging on contracts, the New Jersey Star-Ledger reported. According to the suit, BP allegedly agreed in 2006 to continue the operator contracts that were in place for four years and renew [...]
Valero Energy Corporation’s Board of Directors has adopted a say-on-pay policy, a compensation consultant disclosure policy, as well as other policies that aim to enhance the company’s corporate governance program. Under the say-on-pay policy, stockholders will be provided an annual non-binding advisory vote on executive compensation, starting with the company’s 2010 annual meeting [...]
Riiser Energy has opened a new convenience store on Grand Avenue in Wausau, Wis., the Wausau Daily Herald reported. The new R-Value Savings Store is located at 2300 Grand Ave., and will offer new more products and promotions, including additional beverages and package deals for its products. The store in Wausau is Riiser’s [...]
A proposed ordinance being discussed in Macon, Ga., would limit signs in Macon convenience store windows as a safety measure to ensure police can see into the stores at night, the Macon Telegraph reported. The proposal is a direct response to recent violence in the community that saw three people killed at Middle Georgia [...]
Customers with boats and older cars now can purchase ethanol-free gasoline from Aloha Petroleum’s retail gas location in Kahalu’u, Hawaii—a 7-Eleven at 47-515 Kamehameha Hwy. Hawaii had mandated that 85% of retail gasoline in the had to be blended with 10% ethanol as of April 2, 2006. But after the mandate went into [...]
While this troubled economy lingers, there might never be a better time than right now to increase your efforts to make a positive difference in the lives of your employees. As I reflected on gracious words attributed to a motivational speaker, the late professor Leo Buscaglia, I was both struck by his gentle touch, and [...]
Trefethen Capital Partners (TCP) have formed a new venture that will provide capital to operators in the c-store and petroleum retailing industries. Financing will take the form of sale-leaseback, subordinated debt and preferred equity. Transaction size will range from $10 million to $50 million, and terms will vary depending upon the collateral, credit [...]
Top executives from CITGO Petroleum Corporation competed in the ING New York City Marathon on Nov. 1 to raise funds for the Simón Bolívar Foundation. The Foundation provides specialized medical assistance to low-income patients, mainly Venezuelan, who receive treatment in health centers in Argentina, Italy, the U.S. and other countries. The Team [...]
The Carthage, N.Y. Nice N Easy Grocery Shoppes team was honored last night as Retail Business of the Year at the Carthage Chamber of Commerce 2009 Business Awards Banquet. ”From the day we opened the store, we have strived to be an important member of the community and the folks (in Carthage) realize [...]
Tulsa, Okla.-based QuikTrip Corp. is being featured on Fortune magazine’s Web site as one of the few U.S. companies that has never laid off an employee, the Tulsa World reported. Fifty-one year old QuikTrip has never had to downsize its workforce despite operating 533 stores and employing 11,000 people. QuikTrip also ranked [...]
Shannon Moore of Tucson was named the winner of the XYIENCE/Circle K Harley-Davidson giveaway on Oct. 27, and received a 2009 Harley-Davidson Sportster 883 Low. Reuben Rios, XYIENCE vice president of sales, and Heather Heller, Circle K business manager in the package beverages, beer, and liquor division, presented Moore, with his new bike at the [...]
Tomorrow, Friday, Nov. 6, Wilson Farms and Reid Petroleum will launch western New York’s second E85 fuel station at Wilson Farms, located at 95 South Transit Road near High Street, in Lockport. A ribbon cutting ceremony begin at 2 p.m. that afternoon along with comments from Paul Nanula, the CEO and president of [...]
Minnesota’s first refinery, now the Marathon Petroleum Co. refinery in St. Paul Park, Minn., which launched subsidiaries SuperAmerica gas stations and SuperMom’s bakery, is celebrating its 70 year anniversary, the Hastings Star Gazette reported. The refinery, originally named the Northwestern Refining Company, began with 24 employees and an output of 1,000 barrels of [...]
7-Eleven Inc., the world’s premier convenience retailer, has contracted with Digital Display Networks Inc. to create one of the nation’s largest out-of-home digital networks in more than 6,200 7-Eleven stores throughout the U.S. and Canada. When it is fully deployed nation-wide, 7-Eleven TV is expected to reach an estimated 190 million monthly viewers. [...]
Studies show that as cash-strapped consumers are eating more meals at home, the perishable department (bakery, fresh meat, deli and produce) is growing faster, leading non-grocery channels to take notice, according to Nielsen data. About half (46%) of U.S. households say they are eating out less, and as a result, value-priced meals at [...]