$400,000 Bonus Secures Tesoro COO

Weeks into his job as CEO of Tesoro Corp., Greg Goff is securing the company’s top management as he strives to return the San Antonio-based refiner to profitability, the San Antonio Express-News reported. Goff offered Everett Lewis, Tesoro’s executive vice president and chief operating officer, a $400,000 cash retention bonus “as an incentive for his

NATSO Fights Rest Area Commercialization

NATSO, a national trade association representing travel plaza and truckstop owners is warning Arizona of the dangers of rest area commercialization. Lisa Mullings, the president and CEO of NATSO told Arizona Director of Transportation John Halikowski that adding commercial services to rest areas would allow states to monopolize Interstate business, hurting established commercial enterprises operating at

Wawa’s Annual Summer Blood Drive Underway

This summer Wawa is making it easy for customers to donate blood by offering a blood drive at more than 25 Wawa sites to help the American Red Cross save lives. The blood drive, already underway, will continue until Aug. 28 in four of Wawa’s operating states: Pennsylvania, New Jersey, Maryland and Virginia. Last year,

Casey’s Reports Record Fiscal Fourth Quarter

Casey’s General Stores Inc. has reported $0.43 in basic earnings per share for the fourth quarter of fiscal 2010 ended April 30, 2010, compared to $0.31 from the same quarter a year ago. The results include approximately $6.9 million in legal and advisory fees pertaining to the evaluation of the unsolicited offer and related actions

Jimmy Dean Dies

Jimmy Dean, the country star turned sausage king passed away at the age of 81 at his home in Virginia on Sunday evening, June 13, the New York Daily News reported. Born in 1928, Dean was raised in poverty in Plainview, Texas. He dropped out of high school after the ninth grade. After serving in

Casey’s Chairman of the Board Passes Away

Ronald Lamb, Chairman of the Board and former CEO, of Casey’s General Stores Inc., passed away Friday, June 11, 2010 following a courageous battle with cancer. He was 74 years old. “Ron’s exceptional character and integrity influenced the lives of many people,” said Robert Myers, president and CEO of Casey’s. “His tireless work ethic and

Couche-Tard Reacts To Casey’s Lawsuit

Alimentation Couche-Tard Inc. has responded to the lawsuit filed by Casey’s General Stores Inc. in connection with Couche-Tard’s tender offer to acquire Casey’s for $36.00 per share in cash. “We believe this lawsuit is entirely without merit and we will vigorously defend against these baseless claims. We are disappointed that the Casey’s Board of Directors

Casey’s Files Lawsuit

Casey’s General Stores Inc. on Friday, June 11, filed a complaint in the U.S. District Court for the Southern District of Iowa against Alimentation Couche-Tard Inc., alleging that Couche-Tard violated federal securities laws in connection with its unsolicited tender offer to purchase all of Casey’s outstanding shares for $36.00 per share in cash. As announced

California Churros Acquired By J&J Snack Foods

J & J Snack Foods Corp. of California, has acquired the assets of California Churros, a premium manufacturer of churros located in Colton, Calif.  California Churros had sales of approximately $11 million in 2009. The founding Martinez family will be staying on to serve with the company, which will remain in Colton. “We are pleased

Kangaroo Express Adds Music, Messaging Solutions

Cary, N.C.-based The Pantry Inc. is deploying music and messaging solutions from Fluid Music Canada’s Trusonic Inc., a provider of Internet-delivered music and messaging services for businesses, to a number of its 1,647 Kangaroo Express locations. Consistent with The Pantry’s mission to provide an excellent customer experience at each location, Trusonic plans to customize a multi-zone music and messaging solution

BP Gives Second $25 Million Grant to Alabama

BP is providing the State of Alabama with an additional $25 million grant to continue implementation of the State’s Area Contingency Plan in the wake of the oil spill from the MC252 well. This $25 million grant is in addition to a previous $25 million block grant that BP announced on May 5 to help

Summer “Sub-tacular”

Quick Chek is kicking off the first official day of summer with thousands of its customers as it proclaims the day Quick Chek’s Summer “Sub-tacular” Day. Customers visiting any Quick Chek location Monday, June 21 between 5 a.m. and 11 a.m. can receive a Quick Chek iLoveMySub.com stamp on their hand. Upon returning to the store

Ruyan America Goes Prime Time

Ruyan America Inc. and Prime Time International Co. have inked an exclusive product development, brand marketing and supply agreement, CSD has learned. Under the terms of the agreement, Phoenix-based Prime Time will become the exclusive North American distributor and marketer of Ruyan America’s digital smoking alternatives and will provide input and direction with respect to

Iowa Helping Casey’s Fight

What a difference location can make. Casey’s, one of 12 public companies incorporated in Iowa, should be thankful right now it’s not incorporated in, say, Delaware where it might not have an much latitude to defend itself form Couche-Tard’s hostile bid. In the New York Times, Steven Davidoff, writing as The Deal Professor, who weighs

Wawa Hosts Third Hoagiefest Tour

For a third year, Wawa is taking its 1960s-inspired Hoagiefest on the road with stops this summer at stores in Rio Grande, N.J.; Toms River, N.J.; Sandston, Va.; Philadelphia and Lewes, Del. These one-day festivals pay tribute to the almighty hoagie, bringing together hoagie fanatics from across the region to celebrate their love of Wawa and

Casey’s: Couche-Tard Using “Questionable Tactics”

Casey’s General Stores Inc.’s Board of Directors voted to recommend that Casey’s shareholders reject Alimentation Couche-Tard Inc.’s $36.00 per common share cash tender offer, stating that it substantially undervalues Casey’s and is not in the best interests of Casey’s, its shareholders and other constituencies. On June 8, Casey’s filed a Schedule 14D-9 with the Securities

Shell, Virent Seek To Develop Biodiesel

Shell has taken an equity stake in Virent Energy Systems Inc., (Virent) and begun a joint technology program, aiming to convert plant sugars directly into diesel. Since 2007, Shell and Virent have been conducting a joint research and development effort to make biogasoline from plant sugars, culminating late last year in the start-up of a

Tedeschi Remodels Stores

At a time when many retailers are cutting back on spending, Tedeschi Food Shops is aggressively reinvesting in renovations of its convenience store locations. Recently, 23 locations, including stores in North Weymouth, Chelmsford, Billerica, Westford and Needham have undergone major remodels at an average cost of $250,000 per store in an effort to offer more

Quick Chek Introduces Sliders, Pizza

Quick Chek is debuting two additions to its foodservice menu: Sliders and Oven-Baked Pizza. Both are scheduled to appear at stores beginning Monday, June 14. Priced at three for $3.99, Quick Chek’s new Deli Sliders include a collection of four varieties in snack sizes: Black Angus Roast Beef and Cheddar (with pickles and mayo) Bourbon

BP To Fund Wildlife Rehabilitation

BP announced it plans to donate the net revenue from oil recovered from the MC252 oil spill to create a new wildlife fund that would create, restore, improve and protect wildlife habitat along the coastline of Louisiana, Mississippi, Alabama and Florida.  The creation of this fund exceeds the company’s  obligations under the Oil Pollution Act

Are You Up To Speed On Tobacco Requirements?

On June 22, the U.S. Food and Drug Administration (FDA) will begin enforcing new requirements on tobacco products, a move that will impact retailers across the country.  To help retailers navigate the new rules, NACS will hold its second Webinar focusing on the latest round of requirements on tobacco products implemented by FDA. The Webinar

Warning Signs For Tobacco Products Challenged

Altria Group, Lorillard Inc., Reynolds American Inc., two retailers and two retail trade associations have filed a lawsuit in U.S. Federal District Court challenging the New York City Board of Health’s ordinance requiring graphic anti-tobacco health warning signs to be posted in retail stores that sell tobacco products. The lawsuit asserts that the federal government warning

FDA Issues Draft Guidance on Tobacco Products

As June 22 inches closer, the day the Food and Drug Administration’s Center for Tobacco Products’ new tobacco regulations go into effect, the agency has responded to retailer confusion regarding the ability to sell existing inventory of tobacco products labeled “light” “mild,” etc. On Saturday, June 5, the FDA’s Center for Tobacco Products issued a

PACT Act Receives Final Rule

On Friday, June 4, the U.S. Postal Service issued the Final Rule to implement the provisions of the Prevent All Cigarette Trafficking (PACT) Act prohibiting the mailing of cigarettes, roll-your-own tobacco and smokeless tobacco in the continental U.S., the National Association of Tobacco Outlets (NATO) reported. Once the Final Rule goes into effect on June 29,

BP Funds Barrier Islands Project

BP has announced that it plans to make an immediate payment of $60 million to the State of Louisiana as part of its previously pledged commitment to fund the entire $360 million cost of six berms in the Louisiana barrier islands project. In a letter to Louisiana Governor Bobby Jindal BP detailed its plans to

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