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After Corporate 'Soap Opera,' a $3.3B Deal for 7-Eleven, Sunoco

7-Eleven scooping up most of fuel supplier's convenience stores

(Newser) - Sunoco is selling most of its convenience stores, with their accompanying gas pumps, to Seven & i Holdings, the parent company of 7-Eleven, in a deal valued at $3.3 billion as it looks to focus more on its fuel supply business, per the New York Times . About 1,110... More »

US Refineries Close, Pushing Gas Prices Higher

With crude oil so expensive, they can't make money

(Newser) - Add one more victim to the soaring price of petroleum—refineries. Yes, despite gas prices rising another 6% in February, refineries in the US Northeast are shutting down because they're losing money, reports Wall Street Journal . And with Philadelphia-based Sunoco set to close the largest refinery in the region... More »

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