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Chain battles issues both internal (gasoline forecasting) and external (credit-card fees)

SANFORD, N.C. -- Executives from The Pantry took shots at the economy, gasoline prices and credit-card fees as they reported their third-quarter financial results yesterday, but they also took responsibility when appropriate. "We have done a lousy job of forecasting gasoline [margins and sales to...

Family Smoking Prevention & Tobacco Control Act would give regulatory power to FDA

WASHINGTON -- The U.S. House of Representatives late Wednesday overwhelmingly passed the Family Smoking Prevention & Tobacco Control Act, legislation that would give the Food & Drug Administration (FDA) the power to regulate tobacco, from cigarettes to new kinds of smokeless products,...

Valero's Klesse blasts Congress as anti-consumer, anti-capitalism

SAN ANTONIO -- Bill Klesse, Valero Energy Corp.'s chairman and CEO, in discussing the oil company's second-quarter financial results, used the opportunity to decry Congress' lack of understanding of the petroleum industry. "We can manage industry challenges, but unfortunately, reckless rhetoric in...

Entrepreneur opens "convenience/grocery/gas" store in Charlotte, N.C., area.
One Sunmart owner mulls suit against Petroleum Wholesale; class action filed
Newly acquired retail gas/c-store concern quickly begins promised growth
Holding company says additional locations already contracted
Couche-Tard's Bouchard backs grassroots campaign to battle credit-card costs.
U.S. oil deliveries down significantly in first-half 2008; gasoline deliveries fall, too
Lowers retailer's credit rating over gas margins as Deutsche Bank all but cashes out.