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Business News Archive - June 07, 2006

By Steven Oberbeck, The Salt Lake Tribune Jun. 7--Mike Peterson Oil Co., one of state's largest gasoline "jobbers," has sold the bulk of its assets to Houston-based Petroleum Wholesale L.P. in a move that marks a major expansion for the Texas company into northern Utah.

Word of the Day
pawl
  • A pivoted catch designed to fall into a notch on a ratchet wheel so as to allow movement in only one direction (e.g. on a windlass or in a clock mechanism), or alternatively to move the wheel in one direction.
The word 'pawl' probably comes from a Latin word meaning 'stake'.
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