BP has announced significant progress in its half-billion dollar pledge to the Gulf of Mexico Research Initiative (GRI). Three research institutions in the Gulf region will receive a total of $25 million in fast-track funding for high-priority studies of the distribution, composition and ecological interactions of oil and dispersant. On May 24, BP announced a [...]
Gordon Food Service (GFS), a family-owned foodservice distributor, plans to invest $24.2 million to consolidate several business operations spread throughout Canada into a new 100,000 square-foot facility in Wyoming, Mich. Pending all local and state approvals, the new building would be located within the company’s world headquarters campus, and would house 173 new positions the [...]
On Tuesday, President Barack Obama addressed the nation from the Oval Office, summoning Americans to a “national mission” to move away from reliance on oil and develop alternative sources of energy, and noted that it is imperative for Congress to act quickly to overcome “a lack of political courage and candor” surrounding the BP Oil [...]
As competition heats up and consumers adjust their away-from-home consumption habits it’s critical to continuously refine your programs and strategies in order to drive profitable and sustainable growth. For the third consecutive year, Convenience Store Decisions, is proud to offer its FREE two-part Foodservice Webcast Series. Part II: June 17, 2010 2:00 PM EDT Foodservice [...]
by Brian L. Milne, Refined Fuels Editor, Telvent DTN Countrywide, wholesale gasoline prices were mixed for the week-ended Monday (6/14), with markets along the West Coast down slightly while increasing elsewhere in the U.S. The higher wholesale costs were triggered by gains in the financially traded oil futures market, with supply in the physical market [...]
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, 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 [...]
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 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, 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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]