Corporate News

Corporate news affecting the convenience store industry

Increased operating income by $5.4 million

WARREN, Pa. -- Regional refiner and marketer United Refining Co. has announced operating results for the second fiscal quarter and six-month period ended Feb. 28, 2007. Operating income for the second quarter increased $5.4 million from a loss of $100,000 for the quarter ended Feb. 28, 2006, to...

Johnson Oil acquires 11-store group of Shell locations from ETNA Oil

OTTAWA, Ill. -- Two Illinois gasoline retailers have reached an agreement on the sale of an 11-store chain of convenience stores. ETNA Oil Co., Ottawa, will sell the c-stores, which operate under the Shell brand, to Johnson Oil Co., Rock Falls. Johnson Oil, a Shell distributor and operator for more...

Decision follows FTC challenge

WASHINGTON -- A federal judge in New Mexico granted U.S. anti-trust authorities a restraining order on Friday temporarily barring oil refiner Western Refining Inc. from completing its proposed acquisition of rival Giant Industries Inc., reported Reuters. A district judge agreed to issue the...

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