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Special Announcement
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Get The Data That Drives The Petroleum & Convenience Industry Today!
Order your copy of the 2007 NPN MarketFacts today for the introductory price of only $195 (plus shipping and handling).
To order your print copy and/or CD version of the 2007 NPN MarketFacts edition, please click here
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News Items
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U.S. Bank and MasterCard launch mobile payments pilot in Spokane
U.S. Bank, MasterCard Worldwide and Nokia have introduced a mobile payments pilot program in Spokane, Wash., the companies announced Jan. 28. Program participants received a new Nokia mobile phone equipped with MasterCard PayPass payment functionality, which allows them to pay for purchases with a tap of their mobile phone, instead of sliding a card through a magnetic stripe reader, handing it over to the cashier, or fumbling for cash and coins. (Full Story)
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D.C. gas stations may take on vehicle inspections
Washington, D.C., Mayor Adrian Fenty's top aides are developing a plan to allow vehicle inspections at the city's gas stations rather than limiting drivers to the lone District-run facility in Southwest, according to a Jan. 31 article by Michael Neibauer in The Examiner. (Full Story)
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Valero Energy reports fourth quarter and annual earnings
Valero Energy Corporation on Jan. 29 reported fourth quarter 2007 income from continuing operations of $567 million, or $1.02 per share, which compares to $1.1 billion, or $1.74 per share, in the fourth quarter of 2006. (Full Story)
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Hess reports big jump in net income for fourth quarter 2007
Hess Corp. on Jan. 30 reported net income of $510 million for the fourth quarter of 2007 compared with net income of $359 million for the fourth quarter of 2006. (Full Story)
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Altria Group announces spin-off of Philip Morris
Altria Group, Inc. announced Jan. 31 that, in connection with its planned spin-off of Philip Morris International Inc., Altria and its subsidiary, Altria Finance (Cayman Islands) Ltd., have commenced tender offers to purchase for cash $2.6 billion of notes and debentures denominated in USD and approximately EUR 1.0 billion of bonds denominated in EUR. (Full Story)
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New York assemblyman plans lawsuit over Indian sales tax
New York State Assemblyman David Townsend plans to file a lawsuit this week in state Supreme Court to push Gov. Eliot Spitzer to collect sales tax on gas and cigarettes sold at Indian-owned businesses, he announced Jan. 28, according to an article by Jennifer Fusco in The Utica Observer-Dispatch. (Full Story)
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Speedway SuperAmerica selects RBS Lynk for credit card processing
RBS Lynk, Atlanta, Ga., the U.S. payment processing arm of The Royal Bank of Scotland Group, announced Jan. 29 that it has been selected to provide credit card processing to the approximately 1,600 gasoline and convenience stores owned and operated by Speedway SuperAmerica LLC (Speedway), a subsidiary of Marathon Oil Corporation. (Full Story)
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Iowa company paid $2.8 million for new convenience store
An Iowa trucking and warehouse company paid $2.8 million for a new Kum & Go store in Broken Arrow, Okla., according to an article in the Jan. 29 edition of the Journal Record. (Full Story)
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Thieves use drill to steal cash from gas stations
Thieves hit at least two Arco AM/PM gas stations in Sacramento, Calif., early Jan. 27, drilling the locks out of cash boxes and making off with the money, according to authorities, reported Hudson Sangree in The Sacramento Bee. (Full Story)
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Blackmer donates pump to Fire Museum of Maryland
Blackmer, Grand Rapids, Mich., recently donated a specially designed sliding vane hand pump, along with hose, nozzle and all necessary adapters, to the Fire Museum of Maryland in Lutherville, Md. (Full Story)
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In British Columbia: law requires motorists to pay before they pump
On Feb. 2 British Columbia will become the first province in Canada to require gas station customers pay first and pump later, 24 hours a day, according to an article by Susan Lazaruk in The Province. (Full Story)
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Pantry CEO, execs get raises; SEC filing details payouts for chief
The Pantry Inc., Sanford, N.C., hired a firm to ensure that its executives' pay is competitive, according to a Jan. 29 article by Sue Stock in The News & Observer. (Full Story)
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KSS RackPrice and PriceNet become SAP-endorsed business solutions
Knowledge Support Systems (KSS) Limited, a global supplier of wholesale and retail fuels price management and optimisation software, announced Jan. 28 that its RackPrice and PriceNet applications have become SAP-endorsed business solutions. (Full Story)
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Oil price rises above $91 as rate cut hopes lift markets
Oil climbed above $91 on Jan. 29 as stock markets rose on hopes of a fresh U.S. interest rate cut, with forecasts there will be a draw in U.S. distillate stocks and no change in OPEC output offering additional support, according to a report by Santosh Menon of Reuters news service in London. (Full Story)
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Marathon does not recommend mini-tender offer
Marathon Oil Corp. on Jan. 28 said it does not recommend its shareholders participate in an unsolicited "mini-tender" offer by Canadian investment firm TRC Capital Corp to buy up to 2 million Marathon shares, Reuters reported. (Full Story)
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U.K. newspaper asks: Have Tesco's U.S. stores failed to win the West?
Tesco has decided against releasing comprehensive sales figures for its fledgling U.S. business until next year amid skepticism that it can mount a serious challenge to Wal-Mart's dominance of the world's biggest food retailing market, according to a Jan. 28 article by James Quinn and Mark Kleinman in The Telegraph, a U.K. newspaper. (Full Story)
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Idaho legislature to consider tribal fuel tax deals
Idaho Gov. C.L. ''Butch'' Otter intends to send four fuel tax agreements negotiated with the state's Indian tribes to lawmakers for their approval, despite questions over whether the deals need legislative consent, the Associated Press reported Jan. 25. (Full Story)
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Oil slides towards $89; stock markets, global economy cited
Oil fell more than a dollar towards $89 a barrel on Jan. 28 as falling global stock markets amid renewed worries about the health of the global economy spurred profit taking, Santosh Menon of Reuters news service reported from London. (Full Story)
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Kum & Go introduces private-label wines
Kum & Go, L.C., West Des Moines, Iowa, announced the addition of Napa Creek Cabernet Sauvignon and Sea Ridge Merlot wines to its private-label offerings. The wines are sold exclusively at participating Kum & Go stores. (Full Story)
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Heartland Energy to open alternative fuel station in Oklahoma
Heartland Energy Group, Alexandria, La., plans to open a retail fuel outlet in Broken Bow, Okla., offering E85 ethanol and other alternative fuels, the Journal Record reported Jan. 28. (Full Story)
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Product of the Week
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Fig. 9095S Overfill Prevention Valve Receives ULC Listing
Morrison Bros. Co. is pleased to announce the ULC certification of their 2" Overfill Prevention Valve. The ULC Listing is ULC ORD-C58-1992. The Overfill Prevention Valve is designed for use on low profile tanks that require a high level shut-off. A field adjustable float allows the user to set the desired shut-off point. The valve terminates the fill when the product reaches the preset level. The vale is compatible with most top mount spill containers and is supplied with a male tite-fill adapter.
Morrison Bros. Co.
www.morbros.com
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Calendar of Events
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SIGMA Winter Committee Meetings
Salt Lake City, UT
February 7-8
(703) 709-7000
www.sigma.org
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SIGMA Executive Leadership Conference
Snowbird, UT
The Cliff Lodge
February 10-13
(703) 709-7000
www.sigma.org
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WPMA Convention
The Mirage
Las Vegas, NV
February 19-21
(801) 263-9762
www.wpma.com
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The Work Truck Show 2008
Georgia World Congress Center
Atlanta, GA
Convention: Feb 25-28, 2008
Trade Show: Feb 26-28, 2008
(800) 441-6832 in the U.S.
(248) 489-7090 in Canada
www.ntea.com
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ASD/AMD Trade Shows Las Vegas
Sands Expo Center, Mandalay Bay Convention Center, Mirage Events
Center & Grand Ballroom
Las Vegas, NV
March 2-5
Melissa Younkin (310) 481-7325
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Southeast Petro-Food Marketing Expo
Myrtle Beach Convention Center
Myrtle Beach, SC
March 5-6
(803) 419-0804
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For a complete list of industry events, go to NPN's calendar web page.
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Published By NPN Group | © 2008 NPN Group | All Rights Reserved
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For more information on NPN MarketPulse, contact:
Gary Bevers, group publisher
M2MEDIA360
Retail Distribution Group
Ph: 832-444-7675
Fax: 800-430-3446
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Keith Reid, editor-in-chief
M2MEDIA360
NPN Group
Ph: 630-739-0280
Fax: 630-739-0321 |
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This newsletter is protected by United States copyright and other intellectual
property laws and may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast,
directly or indirectly, in any medium without the prior written permission of M2MEDIA360.
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