76 Products Co

Unocal Corp.'s $2-billion sale of its 76 Products Co. subsidiary to oil refinery and convenience store operator Tosco Corp. was completed Tuesday but Tosco officials said they still had no tally of how many 76 Products workers would be laid off in the consolidation that will follow. Tosco has said it plans to move 76 Product's headquarters from Costa Mesa and merge it with Tosco Marketing Co. in Phoenix.

Unocal Corp.'s $2-billion sale of its 76 Products Co. subsidiary to oil refinery and convenience store operator Tosco Corp. was completed Tuesday but Tosco officials said they still had no tally of how many 76 Products workers would be laid off in the consolidation that will follow. Tosco has said it plans to move 76 Product's headquarters from Costa Mesa and merge it with Tosco Marketing Co. in Phoenix.

76 Products Co., the $4-billion-a-year oil refining and marketing arm of Unocal Corp., has been sold to a Connecticut corporation in a cash and stock deal valued at more than $1.8 billion. The sale to Tosco Corp., which owns a number of refineries and the Circle K chain of 24-hour markets, comes less than a year after 76 Products moved to Orange County from Los Angeles.

A group of Unocal 76 service station owners, alleging a conspiracy to control the availability and price of oil and gasoline products, filed a federal antitrust suit seeking to block the sale of El Segundo-based Unocal Corp.'s retailing and refinery arm in Orange County. Unocal agreed last year to sell its 76 Products Co. subsidiary to Tosco Corp. for nearly $2 billion. The suit contends that Unocal should have offered the station operators the opportunity to buy their own stations.

Unocal's 76 Products Co. said Wednesday it has formed a new company with Cardlock Fuels System to build and operate unattended fueling facilities in the state for commercial fleets. The new company, 76 Cardlock Fuels, LLC, hopes to develop 20 new sites, which would feature both the 76 and Cardlock fuels logos, in the next two years.

Unocal Sets Timetable on Refining Unit: Unocal Corp. hopes to sell its West Coast refining and marketing division, 76 Products Co., spin it off to shareholders or find a partner to help run it by the end of 1998. "We don't know exactly what's going to happen, but something will happen within the next two or three years," Roger Beach, chief executive of the Los Angeles-based company, said.

A group of Unocal 76 service station owners, alleging a conspiracy to control the availability and price of oil and gasoline products, filed a federal antitrust suit Wednesday seeking to block the sale of Unocal Corp.'s retailing and refinery arm in Orange County. Unocal agreed last year to sell its 76 Products Co. subsidiary in Costa Mesa to independent refinery operator Tosco Corp. for nearly $2 billion. The sale is expected to close March 31.

A group of Unocal 76 service station owners, alleging a conspiracy to control the availability and price of oil and gasoline products, filed a federal antitrust suit seeking to block the sale of El Segundo-based Unocal Corp.'s retailing and refinery arm in Orange County. Unocal agreed last year to sell its 76 Products Co. subsidiary to Tosco Corp. for nearly $2 billion. The suit contends that Unocal should have offered the station operators the opportunity to buy their own stations.

As many as 550 workers will lose their jobs as refinery and convenience store operator Tosco Corp. completes the purchase of Costa Mesa-based 76 Products Co. this month and begins shifting its headquarters to Phoenix, a 76 Products executive said Monday. Some of the departures will be voluntary, 76 Products President Lawrence Higby said. Tosco offered work to about 100 employees--including Higby--who turned down the positions because they didn't want to relocate.

As many as 550 workers--about half of them in Orange County--will lose their jobs at 76 Products when it is taken over later this month by the company that owns Circle K convenience stores, an executive said Monday. 76 Products President Lawrence Higby said Tosco Corp. will shift his company's headquarters to Phoenix, although several hundred people will likely remain at the state-of-the-art, high-rise office building here. Some of the job losses are voluntary, Higby said.

A group of Unocal 76 service station owners, alleging a conspiracy to control the availability and price of oil and gasoline products, filed a federal antitrust suit Wednesday seeking to block the sale of Unocal Corp.'s retailing and refinery arm in Orange County. Unocal agreed last year to sell its 76 Products Co. subsidiary in Costa Mesa to independent refinery operator Tosco Corp. for nearly $2 billion. The sale is expected to close March 31.

As many as 550 workers--about half of them in Orange County--will lose their jobs at 76 Products when it is taken over later this month by the company that owns Circle K convenience stores, an executive said Monday. 76 Products President Lawrence Higby said Tosco Corp. will shift his company's headquarters to Phoenix, although several hundred people will likely remain at the state-of-the-art, high-rise office building here. Some of the job losses are voluntary, Higby said.

As many as 550 workers will lose their jobs as refinery and convenience store operator Tosco Corp. completes the purchase of Costa Mesa-based 76 Products Co. this month and begins shifting its headquarters to Phoenix, a 76 Products executive said Monday. Some of the departures will be voluntary, 76 Products President Lawrence Higby said. Tosco offered work to about 100 employees--including Higby--who turned down the positions because they didn't want to relocate.

76 Products Co., the $4-billion-a-year oil refining and marketing arm of Unocal Corp., has been sold to a Connecticut corporation in a cash and stock deal valued at more than $1.8 billion. The sale to Tosco Corp., which owns a number of refineries and the Circle K chain of 24-hour markets, comes less than a year after 76 Products moved to Orange County from Los Angeles.

Unocal's 76 Products Co. said Wednesday it has formed a new company with Cardlock Fuels System to build and operate unattended fueling facilities in the state for commercial fleets. The new company, 76 Cardlock Fuels, LLC, hopes to develop 20 new sites, which would feature both the 76 and Cardlock fuels logos, in the next two years.

Unocal Corp. said Tuesday that its 76 Products Co. has signed an agreement that will make it the second-largest gasoline retailer in the Las Vegas area, with the addition of 14 Unocal gas stations. The agreement with Las Vegas-based Rebel Oil Co. calls for nine Rebel Oil retail sites in the Las Vegas metropolitan area to begin operating under the Unocal name. Additionally, five new Unocal sites will be constructed on vacant Rebel Oil property. Details of the agreement were not disclosed.

Unocal Corp. said Tuesday that its 76 Products Co. has signed an agreement that will make it the second-largest gasoline retailer in the Las Vegas area, with the addition of 14 Unocal gas stations. The agreement with Las Vegas-based Rebel Oil Co. calls for nine Rebel Oil retail sites in the Las Vegas metropolitan area to begin operating under the Unocal name. Additionally, five new Unocal sites will be constructed on vacant Rebel Oil property. Details of the agreement were not disclosed.

Oil giant Unocal Corp. is expected to sign a lease today for a 12-story Costa Mesa building where it will move 700 employees and the headquarters of a key division. * After several months of negotiations, the Los Angeles company's marketing and refining arm, 76 Products Co. will sign a 10-year lease for the Bank of America building at 555 Anton Blvd., near South Coast Plaza. "We wanted space and a safe neighborhood as well as convenient freeway and airport access," said Lawrence M.

Unocal Sets Timetable on Refining Unit: Unocal Corp. hopes to sell its West Coast refining and marketing division, 76 Products Co., spin it off to shareholders or find a partner to help run it by the end of 1998. "We don't know exactly what's going to happen, but something will happen within the next two or three years," Roger Beach, chief executive of the Los Angeles-based company, said.

Oil giant Unocal Corp. is expected to sign a lease today for a 12-story Costa Mesa building where it will move 700 employees and the headquarters of a key division. * After several months of negotiations, the Los Angeles company's marketing and refining arm, 76 Products Co. will sign a 10-year lease for the Bank of America building at 555 Anton Blvd., near South Coast Plaza. "We wanted space and a safe neighborhood as well as convenient freeway and airport access," said Lawrence M.