Corporate News

Corporate news affecting the convenience store industry

Doughnut maker begins CEO search

WINSTON-SALEM, N.C. -- Krispy Kreme Doughnuts Inc. named Jeff Jervik the company's executive vice president of operations effective immediately. Jervik will report directly to Steve Panagos, president and COO of Krispy Kreme, and will be responsible for all company-owned operations, franchisee...

Results $350 million below expectations because of hurricanes

SAN RAMON, Calif. -- Chevron Corp., the nation's second-largest oil company, said its third-quarter profit climbed 12%, but would have been much higher if not for production losses caused by hurricanes and other storms that damaged its Gulf of Mexico operations, according to the Associated Press...

Increases could rally tax and penalty supporters

NEW YORK -- Exxon Mobil Corp. on Thursday posted a quarterly profit of $9.9 billion, the largest in U.S. corporate history, as it raked in a bonanza from record oil and gas prices, according to Reuters. While profit was up 75% and revenue rose 32% to more than $100 billion, the results fell short...

Alimentation Couche-Tard Inc. and its Circle K Stores Inc. subsidiary continued growing with the purchase of 26 stores from BP Products North America Inc.
Newest Sheetz, Nice N Easy stores emphasize foodservice
Couche-Tard acquires 7 Fuel Marts in Ohio
Reports net income of $3.8 billion
Chevron rolls out hurricane relief program for marketers
The right policy can plug a hole when a disaster strikes
Beverage company names ops EVP