Finance & Capital Management

The job cuts, meant to save $75 million a year, are in addition to an early retirement program offered to 970 workers. Those employees have until October to decide if they want to retire.

With the petroleum business slowly returning to normal in Europe, retailers in the United States expressed concern that aggressive consumer behavior demonstrated overseas could be an ominous sign of things to come this winter if fuel prices keep rising.

Sunoco has received "viable offers" for the Kendall brand, customer lists and a lubricants-blending plant in Tulsa, Okla., spokesperson Jerry Davis said. The company expects to take an unspecified third-quarter charge to write down the assets' value.

The lawsuit filed in U.S. District Court in New York focused only on fountain-dispensed drinks handled by large foodservice distributors who control deliveries to chains of restaurants and theaters.

Rockland, Mass.-based, Tedeschi Food Shops Inc., appointed Charles F. Fitzgibbons president and John F. Ransom vice chairman.

The popularity of instant lottery tickets has made scratch-off games easy marks for dishonest employees, according to industry specialists.

The National Association of Conven- ience Stores (NACS), Alexandria, Va., appointed Kathy Shanahan to the newly created position of vice president of customer relations. Dan Mulvaney was named director of political affairs. He will be responsible for the association's NACSPAC program, and will be involved in all aspects of NACS' political affairs efforts. Kelly Schimmel was promoted to marketing research coordinator. Michael Urgo joined the staff as production and traffic manager. Michael Mason was appointed to manager of news and media relations. Amy Ashley Burke was promoted to meetings and registration manager.

If you are reading this article and you have fewer than 20 stores, you are having an out-of-body experience. Why? Because you are dead.