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

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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FDA Issues Draft Guidance on Tobacco Products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

Casey’s Urges Shareholders To Reject Bid

Ankeny, Iowa -based Casey’s General Stores Inc. is telling its shareholders to reject the hostile $1.9 billion buyout offer from Alimentation Couche-Tard, the Associated Press reported. Casey’s board said the $36-per-share bid from Canada’s Couche-Tard Inc. is too low and isn’t in Casey’s best interest. In a statement Tuesday, Casey’s CEO Robert Myers called the

Retail Fuel Prices Edge Lower in Early June

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. average price for regular grade gasoline sold at retail outlets dropped nearly 18 cents or 6% from a May 10 multi-month high at $2.905 a gallon to $2.728 gallon on Memorial Day, a time when retail prices have typically surged.  The decline is less

Couche-Tard Nominates Casey’s Board Candidates

Alimentation Couche-Tard Inc. has provided formal notice to Casey’s General Stores Inc. of its intention to nominate a slate of nine independent candidates for election to the Casey’s Board of Directors and present a proposal for shareholder action at Casey’s 2010 annual meeting of shareholders. “Though it remains our strong preference to enter into a

Sheetz Hosts Annual Golf Outing

With a little help from some key players, Sheetz Inc. kicked off its 12th annual “For the Kidz” Golf Classic on June 6 at Kingsmill Resort in Williamsburg, Va., to provide underprivileged children a more meaningful Christmas holiday. Former Dallas Cowboys quarterback Troy Aikman and New York Jets quarterback Joe Namath will attend together with

Quick Chek Debuts New Coffees

Starting Monday, June 14, Quick Chek is offering its customers three new coffee varieties to jump start their mornings: Coffee House Dark Roast, Ethiopian Yirgacheffe and Blueberry Muffin.  Coffee House Dark Roast, a new signature Quick Chek coffee variety, is a blend of four well-balanced coffees from Central and South America.  Ethiopian Yirgacheffe, a new

BP Redirects Oil Flow

BP continues to respond to the MC252 oil well incident in the Gulf of Mexico, using a lower marine riser package (LMRP) containment cap, installed on June 3, to collect oil and gas flowing from the well and transport them to the Discoverer Enterprise drillship on the surface. On June 5, a total of 10,500

ISU Wins Krause Challenge

Kum & Go L.C. announced that Iowa State University is the 2010 winner of the Krause Challenge. Launched in 1998 by W.A. Krause, founder and chairman of Kum & Go, the Krause Challenge gives finance students at The University of Northern Iowa, Drake University, Iowa State University and the University of Iowa real world investment

BP Funds Louisiana Barrier Islands Construction

BP today announced that is has established a $360 million escrow account to fund immediately the construction of six sections of Louisiana barrier islands approved by the U.S. government. The company has been directed to pay for the construction by the federal government. Since the environmental implications of the projects are not fully understood, BP

Lucky Deuces Selects FuelQuest

Lucky Deuces Casino and Truck Stop has signed a five year contract with FuelQuest Inc., a software services company for the global downstream energy industry. FuelQuest Fuel Center, FuelQuest’s outsourced fuel management service, will source, monitor, replenish, and reconcile retail motor fuel for Lucky Deuces’ growing establishment in Duson, La. Lucky Deuces’ goal is to

Valero Exits Delaware City

San Antonio-based Valero Energy Corp. has discontinued operations in Delaware City after completing the sale of its terminal operation there to Delaware City Refining Company LLC and Delaware Pipeline Company LLC, wholly owned subsidiaries of PBF Energy Company LLC. Valero received total proceeds of $220 million from the sale. Valero had announced the sale of

FDA Republishes June 22 Tobacco Regulations

The FDA Center for Tobacco Products has republished a rule, which becomes effective June 22, 2010, the National Association of Tobacco Outlets (NATO) reported. As of June 22 the rule will impose certain restrictions on the sale, distribution, advertising and marketing of cigarettes, rolling tobacco and smokeless tobacco. The regulations in this rule do not

Bid Deadline for Pantry Sites Announced

A bid deadline of July 20, 2010 has been set for the 74 sites throughout the Southeast being divested by The Pantry Inc. NRC Realty & Capital Advisors LLC (NRC) noted that details on each available property are now available online. Properties being sold include a mix of convenience stores with gas, stand-alone convenience stores,

Battle QSRs

Sioux Falls, S.D.-based  Hot Stuff Foods has launched the ‘MVP’ (Medium Value Pizza) to help retailers capture market share in the ongoing battle with QSRs. “The national pizza chains are promoting pizza deals,” said Craig VanHyfte, vice president of marketing for Hot Stuff Foods, “and Hot Stuff Foods is answering the challenge by equipping our

Marlin Network Celebrates Silver Anniversary

Springfield, Mo.-based Marlin Network Inc. celebrated its 25th anniversary at the 2010 National Restaurant Association Show, May 20 – 25, 2010 in Chicago. Founded in May of 1985, Marlin Network has steadily grown as an agency in the foodservice channel, now employing 80+ strategic, creative and culinary professionals, and representing more than 60 of the

RBG, Haskel Thompson & Associates Join Forces

Ft. Myers, Fla.-based Haskel Thompson & Associates LLC has welcomed Royal Buying Group Inc. (RBG) into its Strategic Alliance Program. RBG, headquartered in Lisle, Ill., represents 6,000 convenience locations nationwide. “Our two companies share a joint vision dedicated to maximizing sales and profitability of convenience store and petroleum locations,” said Haskel Thompson. “We are proud

Gulf Oil Grows in Virginia

Gulf Oil has announced its continued growth in Virginia by signing a branded distributor partnership with Anderson Oil Company. Anderson Oil will begin work immediately, rebranding more than two dozen motor fuel outlets in the Greater Fredericksburg and Richmond areas from Chevron, Texaco and Pure to the new Gulf “Sunrise” image.  This is the first

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