Corporate News

Corporate news affecting the convenience store industry

Most profitable first-quarter results in company history

DALLAS -- Alon USA Energy Inc. has reported record net income of $54.2 million for first-quarter 2006, compared to net income of $22.4 million for first-quarter 2005, an increase of $31.8 million. First-quarter 2006 earnings per share were $1.16, compared to $0.64 for first-quarter 2005. Net income...

Former Koch manager Necaise joins fleet card firm

NORCROSS, Ga. -- FleetCor, a provider of commercial fleet card issuing and processing services, continues to grow its new division, FleetSource. The company said that Ty Necaise, former marketing manager at Koch Industries, will take the reins as marketing director for FleetSource. In his new role...

New Gmul Energy controlling shareholder plans to acquire another U.S. c-store chain

MECHANICSVILLE, Va. -- Israeli businessman Levi Kushnir, the controlling shareholder in and chairman of Nechushtan Investments Ltd. and Tadiran Ampa Ltd., has purchased 51% of the share capital of Gmul Energy Ltd., from Gmul Investment Co. Ltd. controlling shareholders Amnon Barzilai and Eyal Yona...

Industry vet assumes newly created role for pricing automation firm
Food Marketing Institute senior vice president Michael Sansolo kicked off the opening supersession of the 2006 FMI Show.
38 Kentucky & Tennessee sites part of foreclosure
Hawaiian purchase adds four stores and a terminal
The Publix Super Markets chain has been slow in its entry into the convenience store channel.
Hess drops Amerada, splits
Passionate N.Y. retailer honored for customer service, community involvement