CSP Daily News

Monday, April 8, 2002 VOLUME 2 ISSUE 67  

TECHNOLOGY
PETROLEUM
Oil Price Surge Too Late for First-Quarter Earnings
Worst downstream period since '90s, says BP
Russia Considers Oil Export Increase
Non-OPEC exporter reviewing policy
SNACKS
T.G.I. Friday's Snacks to Hit C-Stores
Snack maker also inks Wal-Mart deal
BEVERAGES
TalkingRain Launches VitaRain
Enhanced water-juice mix hits c-stores, other retailers
GROCERY
Cold Meats Are Hot
Innovations in convenience, flavor drive processed meat market
BIZ PUB REVIEWS
Business Week
Pitches of the Past
Business Week
What Makes a Boffo Brand?
Fortune
Trading Places
TIME
Souped Up ATMs
Business Week
P&G Tide Turning

Uni-Marts Considers Sale, Merger
Pa. chain hires financial advisors to pursue strategic alternatives

STATE COLLEGE, Pa. -- Uni-Marts Inc. has engaged consulting firm Trefethen & Co. LLC and investment banking firm Morgan Keegan & Co. Inc. to act as financial advisors to the convenience store company in anticipation of a merger or sale of some or all assets.

The firms will help Uni-Marts in "the exploration and evaluation of strategic alternatives to enhance stockholder value, including a business combination or the sale of certain assets of the company," the company said in a prepared statement.

FULL STORY
 

Ayatollah Urges Oil Embargo
Calls for pressure against Western nations' support for Israel; OPEC rejects plan

TEHRAN -- Iran's supreme leader Ayatollah Ali Khamenei on Friday called on Arab states to launch a "symbolic" one-month oil embargo against Western countries to pressure them to stop supporting Israel, according to a Reuters report.

"Arab governments can use oil as a weapon. They can cut off the flow of oil to all the countries which have good ties with Israel," Khamenei said in a sermon during the Muslim Friday prayers in Tehran. "I am not saying to cut it forever, just for one month in a symbolic way. If they [Western countries] do not receive oil, their factories will come to a halt. This will shake the world."

FULL STORY
 

DAILY POLL

Do you think Arab oil producers would move ahead with a so-called "symbolic" oil embargo against the West?

Yes; nothing is out of the question in the Mideast these days.

Yes; but it would have little impact on supply.

No; Iran needs the West to consume its oil for its own survival.

No; such a move would do too much damage to Iran's position with OPEC.

I'm not sure.

 See Results
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