January 18, 2012
Wholesale gasoline futures in the Northeast surged Wednesday after a giant oil refinery in the U.S. Virgin Islands announced it was closing next month, the latest petroleum processor to call it quits. Hovensa L.L.C., a joint venture of U.S.-based Hess Corp. and Venezuela's state-owned oil company, announced it will cease operating its 350,000-barrel-a-day refinery in St. Croix. The plant provided 83,000 barrels a day of gasoline and 47,000 barrels of distillate fuel like heating oil and diesel to the U.S. Northeast, according to the Energy Department.
January 17, 2012
Dan Evins, 76, founder of the Cracker Barrel Old Country Store chain, died Saturday in Lebanon, Tenn., the company said. It was in Lebanon that Mr. Evins opened his first restaurant. It catered to highway travelers and focused on offering Southern hospitality, country-style cooking, and an associated gift shop that came to define the chain. He fashioned the restaurant after the country stores of his rural Tennessee youth and used a number of family recipes. The restaurant was named after the practice of customers gathering at country stores to share news and play checkers atop an empty barrel that had been used to deliver crackers to the store.
January 17, 2012 |
LEBANON, TENN. - The founder of the Cracker Barrel Old Country Store chain, Dan Evins, died Saturday. He was 76. Evins opened his first restaurant in Lebanon in 1969. The restaurant catered to highway travelers and focused on offering Southern hospitality, country-style cooking and an associated gift shop that came to define the chain. He fashioned the restaurant after the country stores of his youth in rural Tennessee and used a number of family recipes. The restaurant was named after the practice of customers' gathering at country stores to share news and to play checkers on top of an empty barrel that had been used to deliver crackers to the store.
December 12, 2011 |
U SA TODAY reports that bargain-priced flat-screen televisions, smartphones and computers were not the only big sellers on Black Friday. Gun sales also posted record numbers. In an under-reported story, gun dealers flooded the FBI with background-check requests for prospective buyers on Black Friday, smashing the single-day, all-time high by 32 percent, according to bureau records. An FBI spokesman said that the checks, required by federal law, surged to 129,166 during the day, eclipsing the previous high of 97,848 on Black Friday of 2008.
September 7, 2011 |
A year ago, I took a boat ride up the Schuylkill to the Fairmount Water Works. To reach that elegant, neoclassical structure below the Philadelphia Museum of Art, you must first pass a sprawling South Philadelphia complex that was designed to quench a different thirst for a once rapidly industrializing nation. On that summer day, the sounds, smells, and flashes emanating from the metal city that is Sunoco Inc.'s refinery overwhelmed the quietude of the trees and greenery that line much of the river's western bank.
September 1, 2011 |
OPEC's crude output in August rose to the highest since November 2008, led by Saudi Arabia, which pumped the most oil since at least 1989, a Bloomberg News survey showed. Total OPEC production increased by 90,000 barrels, or 0.3 percent, to an average of 30.03 million barrels a day, according to the survey of oil companies, producers, and analysts. Daily output by just the 11 members with quotas - that is, all except Iraq - climbed 130,000 barrels to 27.35 million, 2.505 million barrels above their target.
July 6, 2011 |
IS CHARLIE SHEEN feeling a bit hot? Because he's about to get roasted. Comedy Central announced yesterday that Sheen will take the big chair during the network's next celebrity roast, scheduled to air Sept. 19. For those keeping score at home, that's the same night that Ashton Kutcher debuts as Sheen's replacement on "Two and a Half Men. " Never fear, DVR-less masses, the two shows won't compete for your eyeballs. "Men" airs at 9 p.m.; Sheen gets roasted at 10 p.m. Consider that crisis of epic proportions averted.
June 1, 2011
EVEN as a dues-paying union member, I understand frustration with unions, with their history of good pay, big pensions, protection and inflexibility. But I was taken with opening arguments of one union leader negotiating with the state - admittedly they mirror much of a message I've sounded for years. Doesn't matter whether you think unions are the ruination of our economy or the only thing twixt working families and destitution. What Kathy Jellison, president of the Service Employees International Union (SEIU)
May 26, 2011 |
NEW YORK - The oil rally is on again. Stocks closed higher Wednesday for the first day this week as rising oil prices offset worries about the global economic recovery. Oil rose nearly $2 to settle at $101.32 per barrel, pushing energy stocks higher. Cabot Oil & Gas Corp. led the S&P 500, rising 7 percent. Higher prices for copper, silver, and other commodities lifted miners and other material companies. Freeport-McMoRan Copper & Gold Inc. gained 2 percent. The Dow Jones industrial average rose 38.45 points, or 0.3 percent, to close at 12,394.66.
April 19, 2011
As gasoline prices continue to climb, oil prices were wavering Tuesday between small gains and losses on more warnings of weak global demand. Gas pump prices on Tuesday hit a national average of $3.84 per gallon for regular. The price in Southeastern Pennsylvania rose overnight by an average of 2 cents per gallon, to $3.87, AAA Mid-Atlantic said. The South Jersey price rose by 3 cents to an average $3.69, the auto club said. Saudi Arabia's oil minister told reporters that demand has dropped for his country's oil and that there appears to be a surplus on the global market.