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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Aug 28, 2008
Page
8
The Dow Jones Industrial Average closed mixed as investors weighed financial sector news and economic data. Major indices fluctuated with energy and tech shares steering activity while analysts noted volatility across the market.
The nations largest arts and crafts retailer opened a new Baytown Plaza store at 6614 Garth Road. Grand opening activities included a free Crayola workshop and kids face painting, with door prizes and daily demos through Saturday.
ConocoPhillips will divest the remaining about 600 U S gas stations to Pacific Convenience & Fuel LLC, a PetroSun subsidiary, in a deal near 800 million dollars. The brand will remain at sites under Conoco Phillips Phillips 66 and 76 names with long term fueling contracts. Houston based company pursues retail exit to focus on exploration and refining as majors shed stations amid rising gasoline profits and crude oil prices.
Gustav threatens Gulf refineries and energy infrastructure as it nears the Gulf of Mexico. Oil firms move nonessential workers from rigs and platforms while refiners prep, raising fears of supply cuts and a possible gasoline price spike despite a brief Labor Day relief.
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