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Industry M&A professional offers insights to deal with economic, credit crunch

[Editor's Note: This article is the first in an ongoing series on how the recession is affecting the convenience store landscape.] CHICAGO -- Although big-oil divestments have put many potential acquisitions on the table, a downtrodden economy and the credit crunch have made it challenging to take...

Company not talking other than to say it is "not going out of business"

BLOUNTVILLE, Tenn. -- Appalachian Oil Co. has experienced a series of problems in recent months that has observers wondering whether the company might be in its final days. According to a report Saturday by The Bristol Herald Courier , Appco gas stations and convenience stores are ending their...

Major oil's corporate retail employees expected to be out of the job

KENT, Wash. -- Contrary to rumors on several levels, a deal by Pacific Convenience & Fuels LLC to purchase the remaining 600 ConocoPhillips convenience stores is expected to go through as planned, likely closing on January 30, as will the related resale of 92 of those sites to K&G Petroleum...

Senate expected to move quickly;legislation to be paid for with tobacco hike
NATO rallies other industry groups around opposition to tobacco tax increases
Utah-based chain gets adventurous with reality-TV show/marketing program
Industry analysts speculate over ExxonMobil buying Shell, Shell buying BP
Gulf Oil to introduce new retail store design, secondary gasoline brand
"Election of Barack Obama changes everything," antismoking watchdog says.
7-Eleven opening commissary and distribution center this month in New York