TALLAHASSEE -- The state of Florida is fining Circle K Stores $1 million for operating a check-cashing service without a license.
The Florida Office of Financial Regulation announced a settlement with the gas station and convenience store chain on Thursday.
Circle K agreed to pay the fine and will now be granted a license to operate check-cashing services at their Florida stores.
The chain had been operating the service without a license since 2009.
Family Dollar rejects Dollar General's revised offer
Family Dollar announced Friday morning that its board of directors has spurned rival Dollar General's latest buyout offer due to continued concerns over antitrust issues.
The announcement comes just three days after Dollar General increased its offer for the discount retailer and added safeguards aimed at soothing Family Dollar's concerns that the deal would run afoul of federal antitrust regulations.
Family Dollar, based in suburban, N.C., wasn't convinced.
"There is a very real and material risk that the transaction proposed by Dollar General would fail to close, after a lengthy and disruptive review process," said CEO Howard Levine.
The board reaffirmed its support for a deal with Virginia-based Dollar Tree, which Levine said "delivers attractive value in the form of immediate upfront cash and upside participation in a combined Dollar Tree-Family Dollar entity, as well as closing certainty."
California in tussle over record utility fine
LOS ANGELES -- The biggest beneficiary of the record $1.4 billion fine levied against Pacific Gas & Electric Co. for a gas line explosion that killed eight people and destroyed dozens of homes in suburban San Francisco is the state of California, which stands to gain $950 million to spend any way it wants.
That reality has set up a tussle over how the state punishes corporate wrongdoing and who should benefit from fines like the one Public Utilities Commission judges imposed on PG&E earlier this week for the 2010 blast. The judges wrote that "a fine of this magnitude is necessary to deter future violations" and said they were following established policy by earmarking the large fine for the state treasury.
Gulf of Mexico residents hail ruling against BP
NEW ORLEANS -- Environmentalists, recreational fishermen and people who make their living on the Gulf of Mexico are hailing a federal judge's ruling that could mean $18 billion in additional fines for BP over the nation's worst offshore oil spill.
Lisa Smith cheered and gave an emphatic "yes" Thursday afternoon when she heard about the decision as she fished off a beach bridge in Florida.
In the town of Lafitte, Louisiana, David Robin said he hopes the oil company pays dearly, money that would not only mitigate damage from the spill, but also help restore Louisiana wetlands lost to erosion that experts blame in part on coastal oil and gas activity.
U.S. District Judge Carl Barbier ruled Thursday that BP acted with "gross negligence" in the 2010 Gulf of Mexico disaster.
-- Herald wire reports