Chevron Corp. has announced that a group led by its Venezuelan subsidiary has been selected to negotiate its participation in a project composed of three blocks in the Orinoco Oil Belt (Faja) of eastern Venezuela. “We look forward to being part of this new opportunity that will expand development of one of the world’s largest [...]
Atlanta-based RaceTrac Petroleum has been awarded more than $3.4 million from a Financial Industry Regulatory Authority (FINRA) arbitration panel for damages the gas station chain sustained after it invested in the Bear Stearns hedge funds that imploded in 2007, Hedgefund.net reported. The FINRA arbitration award was issued in December, but was recently announced via the [...]
Ogden, Utah-based Flying J Inc., which filed for bankruptcy in December 2008, has filed a plan of reorganization through which it would repay all senior creditors by divesting most of its assets, including its travel center and trucking operations, Reuters reported. Flying J filed for bankruptcy due to a drop in oil prices and tighter [...]
Colorado’s convenience-store owners won a victory this week when the state’s House Business Affairs and Labor Committee approved a measure Wednesday that would allow c-stores of under 5,000 feet to sell products with a higher alcoholic content than the reduced-strength beer that they now are limited to selling, Denver Business Journal. The proposal won by a [...]
An Ohio coalition refutes the findings of a recent report claiming that increasing Ohio’s cigarette tax by $1 per pack would bring the state $299.7 million per year. The report released yesterday, entitled, Tobacco Taxes: A Win-Win-Win for Cash-Strapped States is based on national and state surveys of registered voters. “Any economist will tell you [...]
This week, the National Association of Tobacco Outlets (NATO) sent a letter to all 213 members of the New York state legislature urging them to defer legislative action on Bill Number A.9482, which aims to prohibit the sale of all flavored tobacco products in the state except for products with a tobacco, menthol, mint or [...]
The Pantry Inc. has selected a suite of KSS products to provide day-to-day fuel price management and optimization at more than 1,600 retail locations in the southeastern U.S. The Pantry will use the PriceNet, PriceNet Web, KSS Analytics, KSS Mapping and KSS Visualizer solutions. The Cary, N.C.-based company will implement these KSS products to enable [...]
BP Products North America Inc. plans to be the first fuel company in the U.S. to deliver price rollback technology that awards instant cents-off-per-gallon savings at the pump to consumers throughout its BP-branded network. As of Jan. 31, more than 350 eligible sites have begun the BP-funded and managed technology deployment process with the remainder of [...]
Students and faculty now have healthier snack options to eat on-the-go, as Del Monte fresh fruit and vegetables are being sold in vending machines across university, college and school campuses, nationwide. The University of Notre Dame, The University of Miami and Miami-Dade College are among the first higher education institutions taking concrete steps to help [...]
A struggle over liquor laws in Kansas continues, the Kansas City Star reported. C-stores and grocery stores have for years sought the right to sell full-strength beer in Kansas, but liquor stores have successfully blocked the legislation. This year the grocers and convenience store owners came up with a compromise for state lawmakers-allow c-stores to [...]
American Airlines Center (AAC) is in final negotiations with the Dallas-based convenience store chain to open a 7-Eleven store accessible from inside and outside the building, the Dallas Morning News reported. AAC, home to the Mavericks and Stars professional sports teams, plans to place the 7-Eleven at the arena’s northeast corner near its parking garage, could [...]
Casey’s General Stores is continuing its tradition of being the title sponsor of the U.S. Modified Touring Series (USMTS) National Tour and the Hunt for the USMTS National Championship for at least the next three seasons, USMTS reported. For the seventh straight year, the USMTS Casey’s General Stores National Tour campaign will kick off with [...]
Calgary, Alberta-based Suncor Energy has reached an agreement with Progress Energy Resources Corp. to sell certain natural gas properties for about $390 million (in Canadian dollars). Current production on these lands is about 43.8 million cubic feet equivalent per day (mmcfe/d). The sale includes properties known as Jedney, Beg and Blueberry, which are located in [...]
Whether you operate a large or small chain, there are deals to be made that can attract a lot of positive attention to your company. I know some of you don’t place much of a value on publicity, but when was the last time you priced the cost of a retail ad in the local [...]
A study at Virginia Commonwealth University found that electronic cigarettes, through which customers can inhale nicotine vapor instead of smoke do not deliver as promised, CNN reported. “They are as effective at nicotine delivery as puffing on an unlit cigarette,” said Dr. Thomas Eissenberg, at the school’s Institute for Drug and Alcohol Studies. His [...]