BP is selling its upstream assets in the U.S., Canada and Egypt to Apache Corp., outlined in a number of agreements this week. The deals together total $7 billion, and comprise BP’s Permian Basin assets in Texas and south-east New Mexico in the U.S.; its Western Canadian upstream gas assets; and the Western Desert business…
ELearning Classes Teach PCI Compliance
VigiTrust is partnering with the NRF Foundation, the research and education arm of the National Retail Federation, to provide retailers with PCI DSS eLearning classes. The classes will be offered through the Foundation’s Universitywired program. “VigiTrust’s PCI courses will help fill a real void within the industry,” said Kathy Mance, executive director NRF Foundation. “We…
Couche-Tard Boosts Casey’s Bid
Alimentation Couche-Tard Inc. has increased its offer for Casey’s General Stores Inc. to $36.75 per share in an effort to persuade shareholders to back its takeover. The revised transaction has a total enterprise value of approximately $1.9 billion on a fully diluted basis, including net debt of Casey’s of approximately $28 million. Couche-Tard’s original offer was $36,…
President Signs Swipe Fee Reform Into Law
Interchange relief became a reality today as President Obama signed the financial services reform bill into law. The new law contains Senator Richard Durbin’s swipe fee amendment, which is expected to result in lesser debit card interchange fees and bring critical financial relief to retailers and consumers while promoting greater competition within the credit card…
Love’s Opens Five Chester’s
Love’s Travel Stops & Country Stores is opening five new Chester’s locations at its stores. The fried chicken foodservice offering is set to appear at Love’s locations in Corning, Calif., Tacoma, Wash., Des Moines (Clive), Iowa, Oak Creek, Wis., and Gary, Ind. Following the merger of Flying J Inc. and Pilot Travel Centers LLC, the…
BP Introduces Mobile Claims Center
BP this week is adding a new mobile claims center to supplement the existing claims centers throughout the state of Louisiana. The mobile claims center has been made to travel with four claims adjusters to assist residents filing claims throughout affected parishes in Louisiana. “This new edition to claims will allow us to reach the…
Chevron and KOGAS Sign LNG Agreement
Chevron Corp.’s Australian subsidiaries signed a Heads of Agreement (HOA) with Korea Gas Corporation (KOGAS) for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia. Under the HOA, KOGAS expects to purchase 1.5 million tons per annum (MTPA) of LNG for up to 20 years from the Wheatstone…
Mexican Coca-Cola A Big Hit
Mexican Coke, now becoming more widely available in the U.S., is developing a cult following among consumers, The Grand Rapids Press reported. “(Mexican Coke) seemed so much better,” one consumer told the newspaper, adding, “It’s just not as fizzy or harsh tasting.” She’s not alone in her opinion. A Facebook page dedicated to the drink…
Swiss Farms Adds Drive-Through Payment Transactions
Swiss Farms, the drive-through grocery store chain headquartered in Broomall, Pa., is adding a fully secure payment processing solution through Columbus IT and Mercury Payments Systems. The enhanced system is designed to meet Swiss Farms’ specific payment processing needs as it launched a national franchising expansion program. The chain needed to accept EBT cards and…
Rutter’s Announces Third “Fuel Up Free” Winner
Doug Davis couldn’t believe his ears when Rutter’s Farm Stores called him to announce he had won free fuel for a year. “I thought it was some kind of joke,” said Davis, who drives a trash truck for a living and eats lunch at Rutter’s almost everyday. “I was getting ready to hang up.” Davis,…