Corporate News

Corporate news affecting the convenience store industry

SSA increased same-store merchandise sales by 8.7%

HOUSTON -- Marathon Oil Corp. has reported second-quarter 2006 net income of $1.748 billion, or $4.80 per diluted share. Net income in second-quarter 2005 was $673 million, or $1.92 per diluted share. For second-quarter 2006, net income adjusted for special items was $1.515 billion, or $4.16 per...

Ten former Git-N-Go locations in Arkansas to re-open soon

PINE BLUFF, Ark. -- Ten former Git-N-Go convenience stores in Arkansas that closed last year will soon be re-opened, according to a representative of the stores' new owner. Sigma Properties LLC, purchased the stores in July. The company plans to begin opening the stores this month, Don Jenkins, an...

Paying property taxes on grossly inflated values isn't fair and isn't good business.

SAN ANTONIO -- As reported yesterday, Valero Energy Corp. has filed 150 lawsuits against 42 appraisal districts across Texas, saying that tax appraisal officials have overvalued its properties, including its gas stations, convenience stores and refineries. Valero also is suing appraisal districts...

ExxonMobil sees 36% increase over last year's 2Q.
Fred H. Bosselman Sr., the founder of a number of Bosselman companies, died Thursday night at age 89, reported the Grand Island (Neb.) Independent.
along with revenues, income, margins, gallons, profits
Southeast retailer puts more attention on ground-up store construction
Illinois retailers question Chicago's living wage law.
Introduces c-store vet as new senior vice president
Federal agency won't approve requests for sites with brand deed restrictions.