Corporate News

Corporate news affecting the convenience store industry

Hess drops Amerada, splits

SAN ANTONIO -- Tesoro Corp. has reported net earnings of $43 million, or 61 cents per share for first-quarter 2006, up 54% from net earnings of $28 million, or 40 cents per share for first-quarter 2005. Results for first-quarter 2006 included after-tax charges of $4 million, or six cents per share...

Sunoco income down

SCOTTSDALE, Ariz. -- Giant Industries Inc. has reported a net loss for the first quarter ended March 31, 2006, of $12.4 million or an 85-cent loss per diluted share. This compares to net earnings for first-quarter 2005 of $10.1 million or 80 cents per diluted share. Fred Holliger, Scottsdale, Ariz...

Refiner, retailer expects growth in Southeast in fragmented industry

NEW YORK -- After only six hours of trading, Delek US Holdings Inc. found itself with more than $104 million in its pocket yesterday. The fresh income came from the more thansix million shares of stock the Franklin, Tenn.-based company sold during its initial public offering of stock. At the close...

Retailers take notice to WilcoHess' new growth path.
Car wash equipment maker adds regional manager
Dealers play a growing role in recent industry acquisitions
Marsh Supermarkets Inc. announced the signing of a definitive merger agreement to be acquired by MSH Supermarkets Holding Corp.
Dead River buys Shell units from potato concern
Small and midsize jobbers find themselves precariously in the middlesqueezed between the big operators and the mom-and-pops.
Convenience store industry consolidation activity highest since 2001