Corporate News

Corporate news affecting the convenience store industry

Casey's starts fiscal 06 with record quarter

ANKENY, Iowa -- Casey's General Stores Inc. has reported an all-time high in earnings for its first-quarter fiscal 2006, ended July 31, 2005. Earnings per share from continuing operations were up 37.5% to 44 cents compared with 32 cents for first-quarter fiscal 2005. Total sales were up 19% to $860...

Won't move HQ even if Japan buyout goes through, VP says

DALLAS -- As reported in CSP Daily News, after 14 years as majority owner, Seven-Eleven Japan Co. Ltd. has made a $1.2-billion offer for the remaining shares of 7-Eleven Inc. in a move to take it private. The deal, if culminated, will not impact 7-Eleven Inc.'s plan to anchor a $100-million, mixed-...

Seven-Eleven Japan seeks full ownership of U.S. affiliate

DALLAS -- It has been 18 years since 7-Eleven Inc. last went from being a publicly traded company to private ownership, and the sting of some of the changes that happened then have franchisees a bit gun-shy as the Dallas-based convenience store company looks at that possibility once again. For us,...

New governance, ownership structure for MasterCard
CEO says company plans to exit c-store/gas business
Will feature car wash, detailing, fuel, oil change, c-store, deli
Beroth Oil planning to sell several c-stores to focus on larger, more profitable units
Facility was formerly L & G Truck Stop
Racism, driveoffs biggest concerns
Will serve as VP of professional services