Quest Oil Corp. Develops Three Phase Plan

Kerrville, Texas-based Quest Oil Corp. at the request of its shareholders and in response to numerous inquiries to the company after its acquisition of B&B Oil, has released a corporate overview on recent company developments. “Since the acquisition of B&B Oil by Quest, my team has been actively preparing inventories, replacing stock items, hiring work

Chicago Gasoline Prices Spike on Pipeline Leak

Brian L. Milne, Refined Fuels Editor, Telvent DTN Reduced driving demand following Labor Day typically presses gasoline prices lower in September. There have been exceptions, such as when supply disruptions caused by a hurricane occur, with September the peak period for storm activity in the Atlantic Basin. US drivers should brace for another run higher

Couche-Tard Acquires 12 Stores in Indiana

Alimentation Couche-Tard Inc., through its wholly-owned indirect subsidiary, Mac’s Convenience Stores LLC, is set to acquire 12 stores in the Indianapolis, Ind., area from Crystal Flash Petroleum LLC, which operates under the “Crystal Flash” banner. The transaction is anticipated to close in September 2010 and is subject to standard regulatory approvals and closing conditions. According

Casey’s Confirms Discussions with 7-Eleven

Casey’s General Stores Inc. has officially confirmed that it has entered discussions with 7-Eleven Inc., regarding a potential acquisition. On Sept. 2, 2010, Casey’s received an unsolicited preliminary proposal from 7-Eleven regarding a consensual transaction at $40 per share in cash. As disclosed in Casey’s Schedule 14D-9 filed with the Securities and Exchange Commission on

Rutter’s Announces Final Free Gas Winners

York, Pa.-based Rutter’s Farm Stores has announced  the final two winners of free gas for one year in its annual summer contest, “Fuel Up Free!” Charles Powers of Red Lion and Brenda Howard of Wrightsville are the seventh and eighth winners, respectively, in the contest, which ran from May 24 to Aug. 29. The other

YoCream Sales Up 16%

YoCream International Inc., a manufacturer and wholesaler of frozen desserts and beverages, has reported its financial results for the third quarter ended July 31, 2010. Sales for the three months ended July 31, 2010 increased 15.6% to $18,445,000.  Sales for the nine months increased 12.1% to $41,721,000. Net income increased 25% to $2,141,000 for the

Couche-Tard Suggests That Casey’s Delay Annual Meeting

Alimentation Couche-Tard Inc. has sent a letter to the Board of Directors of Casey’s General Stores Inc. in response to the chain’s announcement that it has authorized discussions with 7-Eleven involving a possible acquisition after repeatedly rebuffing Couche-Tard’s offers for the company. In the letter, the company expressed its dismay with Casey’s refusal to discuss

2010 Category Management Conference

The Category Management Association announces its 2010 Category Management Conference, set to take place Oct. 26-28, 2010 at the Georgia International Convention Center (GICC) in Atlanta. Supporting the event’s theme of “Strategy at Retail,” a variety of sessions and workshops will be available to attendees, which are focused on the latest in trends and best

BP Spreads The Blame

BP has rolled out the results of a four-month internal investigation into the causes of the April 20 blowout of its Macondo oil well in the Gulf of Mexico, which resulted in the Gulf oil spill. The company spread blame among its contractors, as it pointed to a “complex and interlinked series” of failures from

Casey’s To Acquire 52 Stores

Casey’s General Stores Inc. has released its first quarter of fiscal 2011 results ended July 31, 2010, and with it an announcement that it has signed commitments to acquire an additional 52 locations, which it anticipates purchasing by the end of the calendar year. Casey’s reported basic earnings per share of $0.73 and approximately $6.2

Thorntons Announces Football Cup Challenge

Thorntons has announced its new College Football Cup Challenge, taking place in Louisville, Ky., southern Indiana, and Lexington, Ky., store locations. The promotion began on Saturday, Sept. 4, coinciding with the college football game between the University of Louisville and the University of Kentucky. Thorntons’ stores now feature new 32-ounce fountain cups that say “Bleed

Ehrlich Steps Down at Certified Oil

By John Lofstock, Editor When Greg Ehrlich joined Certified Oil Co. in 2006, the company set myriad of goals aimed at upgrading the brand’s retail image, redesigning the convenience stores and developing a comprehensive loyalty program. With the projects complete, Ehrlich will step away from the day-to-day operations of Columbus, Ohio-based oil company and assume

Rite Aid Partners With Save-A-Lot

Rite Aid Corp. plans to add discount Save-A-Lot groceries to 10 of its stores in and around Greenville, S.C., as it tests out a partnership with Supervalu Inc., the Associated Press reported. The stores are set to be remodeled by October, and renamed Save-A-Lot Food Stores/Rite Aid Pharmacy. Rite Aid will own and operate the

Wisconsin Reinstates Gas Markup

Despite 19 months without a minimum markup law on gasoline in Wisconsin-during which time customers enjoyed cents off per gallons and mom and pop stores continued to thrive-the law has been reinstated, the Wisconsin State Journal reported. On Friday, a federal appeals court brought Wisconsin’s minimum markup law on gasoline back from the grave, saying

Coinstar Appoints Chief People Officer

Coinstar Inc. has hired Raquel Karls, a human resources and organization development leader, to fill the position of chief people officer. Karls starts her new role this week reporting to president and chief operating officer Gregg Kaplan. “We are delighted to have found an individual of Raquel’s caliber and experience to lead this very important

Snoop Dogg Cup To Benefit SYFL

Snoop fans who want to support the Snoop Youth Football League (SYFL) can head into any participating 7-Eleven store across the U.S. to purchase his signature cup, on sale from Sept. 1 through Oct. 18 or while supplies last. 7-Eleven guarantees a $250,000 minimum donation to SYFL, but the support could increase depending on the

Casey’s Mystery Bidder Revealed

7-Eleven is  the previously unnamed third party bidder that has offered to buy Casey’s General Stores for $2.03 billion or $40 per share, the Wall Street Journal reported. 7-Eleven’s $40-a-share offer surpasses Alimentation Couche-Tard’s bid of $38.50 a share. Casey’s has rejected Couche-Tard’s advances since it placed its first hostile bid for the company back

Gasoline’s Seasonal Decline After Labor Day

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices were mixed for the week ending on Labor Day, as the transition from summer grade gasoline blends to the less expensive to produce winter gasoline formulas prompt different trading activity. Gasoline prices moved lower along the West Coast amid ample supply, while short covering

Third Party Bids For Casey’s

Couche-Tard has some competition in its quest to acquire Casey’s General Stores Inc. Casey’s announced that it has received a preliminary proposal from a strategic third party regarding a consensual transaction at $40 per share in cash. Casey’s General Stores Inc.’s Board of Directors today, Sept. 7,  unanimously recommended against Alimentation Couche-Tard Inc.’s revised tender

FDA Releases Tobacco Guidelines

The Food and Drug Administration (FDA) has issued draft guidance for tobacco retailers on civil money penalties and no-tobacco-sale orders for violations of the Family Smoking Prevention and Tobacco Control Act. The guidance gives retailers insight into the FDA’s current thinking, and how it plans to address violations. NACS outlined the five main issues the

Quest Oil Acquires B&B Oil

Kerrville, Texas-based Quest Oil Inc., an independent oil and gas exploration company, successfully acquired all of the outstanding shares of B&B Oil, a private, independent oil and gas exploration and development company based in Fredericksberg, Texas, on Aug. 6. Quest Oil now holds a 100% equity interest in and title to B&B Oil’s assets. In

Rutter’s Announces Sixth Gas Winner

Delane Smith of Wrightsville, York County, Pa., regularly stops for coffee at Rutter’s on his way to his housekeeping job at York Hospital. And just as regularly, he enjoys a witty give-and-take with employees at the Rutter’s at Route 30 and Sherman Street. “What can I do to get you to smile when you come

FDA Releases Tobacco Guidelines

The Food and Drug Administration (FDA) has issued draft guidance for tobacco retailers on civil money penalties and no-tobacco-sale orders for violations of the Family Smoking Prevention and Tobacco Control Act. The guidance gives retailers insight into the FDA’s current thinking, and how it plans to address violations. NACS outlined the five main issues the

Quest Oil Acquires B&B Oil

Kerrville, Texas-based Quest Oil Inc., an independent oil and gas exploration company, successfully acquired all of the outstanding shares of B&B Oil, a private, independent oil and gas exploration and development company based in Fredericksberg, Texas, on Aug. 6. Quest Oil now holds a 100% equity interest in and title to B&B Oil’s assets. In

Rutter’s Announces Sixth Gas Winner

Delane Smith of Wrightsville, York County, Pa., regularly stops for coffee at Rutter’s on his way to his housekeeping job at York Hospital. And just as regularly, he enjoys a witty give-and-take with employees at the Rutter’s at Route 30 and Sherman Street. “What can I do to get you to smile when you come

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