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BUSINESS
July 15, 2006 | Elizabeth Douglass, Times Staff Writer
Chevron Corp. said Friday that it would buy most of the gasoline stations owned by USA Petroleum Corp., the California independent retailer believed to have invented self-service fueling in the 1940s. Privately owned USA Petroleum, based in Thousand Oaks, plans to sell 122 of its 160 stations -- amounting to nearly all of its California network, USA Petroleum President Mark Conant said. All but a handful of the affected stations sell fuel under the USA name.
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BUSINESS
November 18, 2006 | Elizabeth Douglass, Times Staff Writer
Chevron Corp. said Friday that it called off plans to buy most of the gasoline stations owned by USA Petroleum Corp., which runs California's largest network of independent outlets and is credited with inventing self-service fueling in the 1940s. The two companies offered different reasons for ending the deal they announced in mid-July. Under that agreement, Chevron was to buy 122 of USA Petroleum's 160 gas stations for an undisclosed sum.
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BUSINESS
October 8, 1988 | GEORGE WHITE, Times Staff Writer
Atlantic Richfield Co. said Friday that it had resolved part of a tax dispute with the state of Alaska and had paid $172.3 million for liabilities incurred from 1978 to 1981 in connection with its oil exploration and production activities. The settlement resolved 14 of 16 major issues related to Arco's Alaskan operations, the oil company said, including issues related to pipeline income and allowable deductions for exploration and the operation of facilities in the Prudhoe Bay and Cook Inlet.
CALIFORNIA | LOCAL
May 13, 2003 | From Times Staff Reports
USA Petroleum has agreed to pay $325,000 to settle a dispute regarding leaking tanks at some of its 10 gas stations in Ventura County. Inspections in Oxnard found the carcinogen benzine, the suspected carcinogen MTBE, gasoline and lead in the soil around leaking tanks.
BUSINESS
May 15, 1990 | DAVID G. SAVAGE, TIMES STAFF WRITER
In a victory for major corporations trying to increase market share by forcing down retail prices, the Supreme Court ruled Monday that competitors cannot sue simply because price-cutting strategies hurt their business. In the 7-2 ruling, which stressed that the nation's antitrust laws were designed to "protect competition, not competitors," the justices voted to end a lawsuit against Atlantic Richfield Co. brought by independent gas stations in California and Washington states.
BUSINESS
May 15, 1990 | PATRICK LEE, TIMES STAFF WRITER
Independent service station operators, hard hit by an aggressive marketing campaign by Atlantic Richfield Co., lamented the Supreme Court's decision Monday to throw out a lawsuit challenging Arco's low-ball pricing policy, saying it would ultimately hurt consumers. Arco won a significant victory when the court threw out a suit by independent gasoline marketer USA Petroleum Corp., which challenged Arco's pricing policy as a violation of antitrust laws.
CALIFORNIA | LOCAL
October 18, 1994
The ex-director of finance of USA Petroleum Corp. in Agoura Hills was sentenced to 33 months in prison Monday for embezzling nearly $2.4 million from the firm. U.S. District Judge A. Wallace Tashima ordered Marvin Jay Caukin, 46, of Palos Verdes, to repay the entire amount, and also fined him $25,000. Caukin pleaded guilty in June to four counts of wire fraud, Assistant U.S. Atty. Dorothy Shubin said.
BUSINESS
May 5, 1992 | JACK SEARLES
USA Petroleum Corp., one of California's largest independent gasoline retailers, has purchased a building in Ventura and will move its headquarters there from Santa Monica within a year. The privately held concern, which operates 240 USA self-service gas stations throughout the United States and in Puerto Rico, will offer the 53 current employees at its corporate office a chance to transfer to the new location on Chestnut Street in downtown Ventura.
CALIFORNIA | LOCAL
October 18, 1994
The ex-director of finance of an Agoura Hills oil company Monday was sentenced to 33 months in prison for embezzling nearly $2.4 million from the firm. U.S. District Judge A. Wallace Tashima in Los Angeles ordered Marvin Jay Caukin, 46, of Palos Verdes to repay the entire amount and fined him $25,000. The USA Petroleum Corp. executive pleaded guilty in June to four counts of wire fraud, Assistant U.S. Atty. Dorothy Shubin said.
CALIFORNIA | LOCAL
May 13, 2003 | From Times Staff Reports
USA Petroleum has agreed to pay $325,000 to settle a dispute regarding leaking tanks at some of its 10 gas stations in Ventura County. Inspections in Oxnard found the carcinogen benzine, the suspected carcinogen MTBE, gasoline and lead in the soil around leaking tanks.
CALIFORNIA | LOCAL
October 18, 1994
The ex-director of finance of USA Petroleum Corp. in Agoura Hills was sentenced to 33 months in prison Monday for embezzling nearly $2.4 million from the firm. U.S. District Judge A. Wallace Tashima ordered Marvin Jay Caukin, 46, of Palos Verdes, to repay the entire amount, and also fined him $25,000. Caukin pleaded guilty in June to four counts of wire fraud, Assistant U.S. Atty. Dorothy Shubin said.
CALIFORNIA | LOCAL
October 18, 1994
The ex-director of finance of an Agoura Hills oil company Monday was sentenced to 33 months in prison for embezzling nearly $2.4 million from the firm. U.S. District Judge A. Wallace Tashima in Los Angeles ordered Marvin Jay Caukin, 46, of Palos Verdes to repay the entire amount and fined him $25,000. The USA Petroleum Corp. executive pleaded guilty in June to four counts of wire fraud, Assistant U.S. Atty. Dorothy Shubin said.
BUSINESS
July 27, 1993 | JACK SEARLES
USA Petroleum Corp., the independent gasoline retailer that last year announced plans to relocate its national headquarters to Ventura from Santa Monica, has changed its mind and moved instead to Agoura Hills. "We have nothing against Ventura County--it's simply that we found a building that's much better suited to our needs," said Lyle Schlyer, USA's general counsel and corporate secretary.
BUSINESS
May 5, 1992 | JACK SEARLES
USA Petroleum Corp., one of California's largest independent gasoline retailers, has purchased a building in Ventura and will move its headquarters there from Santa Monica within a year. The privately held concern, which operates 240 USA self-service gas stations throughout the United States and in Puerto Rico, will offer the 53 current employees at its corporate office a chance to transfer to the new location on Chestnut Street in downtown Ventura.
BUSINESS
May 15, 1990 | DAVID G. SAVAGE, TIMES STAFF WRITER
In a victory for major corporations trying to increase market share by forcing down retail prices, the Supreme Court ruled Monday that competitors cannot sue simply because price-cutting strategies hurt their business. In the 7-2 ruling, which stressed that the nation's antitrust laws were designed to "protect competition, not competitors," the justices voted to end a lawsuit against Atlantic Richfield Co. brought by independent gas stations in California and Washington states.
BUSINESS
May 15, 1990 | PATRICK LEE, TIMES STAFF WRITER
Independent service station operators, hard hit by an aggressive marketing campaign by Atlantic Richfield Co., lamented the Supreme Court's decision Monday to throw out a lawsuit challenging Arco's low-ball pricing policy, saying it would ultimately hurt consumers. Arco won a significant victory when the court threw out a suit by independent gasoline marketer USA Petroleum Corp., which challenged Arco's pricing policy as a violation of antitrust laws.
BUSINESS
July 27, 1993 | JACK SEARLES
USA Petroleum Corp., the independent gasoline retailer that last year announced plans to relocate its national headquarters to Ventura from Santa Monica, has changed its mind and moved instead to Agoura Hills. "We have nothing against Ventura County--it's simply that we found a building that's much better suited to our needs," said Lyle Schlyer, USA's general counsel and corporate secretary.
BUSINESS
October 8, 1988 | GEORGE WHITE, Times Staff Writer
Atlantic Richfield Co. said Friday that it had resolved part of a tax dispute with the state of Alaska and had paid $172.3 million for liabilities incurred from 1978 to 1981 in connection with its oil exploration and production activities. The settlement resolved 14 of 16 major issues related to Arco's Alaskan operations, the oil company said, including issues related to pipeline income and allowable deductions for exploration and the operation of facilities in the Prudhoe Bay and Cook Inlet.
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