Top Stories

"Advanced" talks expected to result in imminent $10 billion deal for smokeless tobacco maker

NEW YORK -- Altria Group Inc. is in advanced talks to buy Skoal and Copenhagen smokeless tobacco maker UST Inc., a source familiar with the discussions told Reuters on Friday. The New York Times reported that a deal worth more than $10 billion could be announced as early as today, if not sooner...

Cumberland Farms-Gulf Oil aims to speed growth, improve its retailing

NEWTON, Mass. -- Earlier this year, Gulf Oil LP and its sister company Cumberland Farms reached a crossroads. Cumberland Farms CEO Lily Bentas was looking to step away day-to-day duties, both companies were looking to grow and both companies were facing the uphill struggles posed by record-high...

Cash-flow problems led to bankruptcy, sale at auction of refinery, 12 stations in Kentucky

SOMERSET, Ky. -- A U.S. Bankruptcy Court has ordered the sale at "absolute auction" of the assets of PHS Group Inc. and its subsidiaries, including The Somerset Refinery Inc. and Somerset Oil Inc., Somerset, Ky. As reported in a CSP Daily News Flash yesterday, the sale includes 12 gas stations...

Fortin moves from CFO to chairman, succeeded by Paré; Bouchard to remain president, CEO
Oil industry reacts as weakening hurricanemakes landfall, spares New Orleans
Industry braces; stormcould drive gasoline prices up for Labor Day
Little-known retailer takes over ConocoPhillips' 600 remaining c-store sites.
Community leaders want special features added to c-store
Focuses on Louisville market, asks FTC, DOJ, GAO to review Marathon-Ashland merger
As more customers take umbrage, Wawa halts year-long test of cash fuel discounts