Corporate News

Corporate news affecting the convenience store industry

Would boost to $7.25, offer tax breaks to offset higher costs

WASHINGTON -- The U.S. Senate on Thursday passed a bill, The Small Business & Work Opportunity Act of 2007, to boost the federal minimum wage to $7.25 an hour and provide businesses $8.3 billion in tax breaks to offset cost of the higher payrolls, reported Dow Jones. The Senate's 94 to 3 vote...

March 30 distribution slated; Rosenfeld to replace Camilleri as Kraft chairman

NEW YORK -- The board of directors of Altria Group Inc. voted Wednesday to authorize the spinoff of all shares of Kraft Foods Inc. owned by Altria to Altria's shareholders on March 30. The board also announced that, at its request, Altria CEO Louis C. Camilleri will step down as chairman of Kraft...

Fuels, carwash vet to lead wash, station, c-store programs

HUNT VALLEY, Md. -- Carol Hurley, former carwash category manager and car care specialist with both equipment distributor PWI Inc. and ExxonMobil Fuels Marketing, has joined national lender Butler Capital Corp. as head of the company's car care and convenience-and-gasoline financing units. In this...

Hospitality Properties Trust (HPT) said that it completed its acquisition of TravelCenters of America Inc.
Nice N Easy Grocery Shoppes manager wins $25,000
Is U.K. retailer planning nationwide U.S. rollout?
Regional retailer will keep name; family exits business with sale of 23 stores in Utah
Channel vet joins c-store team
Forges deal to pick up 26 locations, negotiation for other properties
The Hartley Co. sells 24 retail sites to two buyers