Corporate News

Corporate news affecting the convenience store industry

2006 will be best year yet, CEO says

SAN ANTONIO -- Valero Energy Corp. has marked its 10th consecutive quarter of record earnings with net income for fourth-quarter 2005 of $1.3 billion, or $2.06 per share, compared to $489 million, or 88 cents per share, for the same period last year. For the year ended Dec. 31, 2005, Valero's net...

Cost cuts, product mix, layoffs contribute to revenue growth

NORTHFIELD, Ill. -- Kraft Foods Inc. reported its 2005 results and announced an expanded restructuring program as part of its Sustainable Growth Plan. Fourth-quarter results reflected solid momentum in several areas including better price realization, improved U.S. market shares, strong product mix...

GroupRed LLC, the retail environmental design agency, has merged with Colemanbrandworx Worldwide Partnership LLC (CBX).

NEW YORK -- GroupRed LLC, the retail environmental design agency, has merged with Colemanbrandworx Worldwide Partnership LLC (CBX), a strategic branding and design company with offices in New York City, Minneapolis, San Francisco and Los Angeles. The new company will retain the Colemanbrandworx...

VERC Enterprises, an operator of independent convenience store/gasoline stations, has named Zeshan Muhammad as manager of its West Bridgewater, Mass., location.
Downstream changes at Chevron
Reports 4Q net income of $10.71 billion
But little change downstream
Announces record first-quarter financial results
Reports fourth-quarter, full-year financials
Adds eight execs

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