As a part of its restructuring initiatives to reduce losses and boost profitability, Sunoco, Inc. (NYSE:SUN) announced plans to put up its Philadelphia and Marcus Hook refineries for sale. The company also plans to conduct an extensive strategic appraisal of its liquidity position as well as the prospects of its logistics and retail businesses.
Sunoco will look for potential buyers for the Pennsylvania-based refineries. In the absence of a profitable disposition deal, the company plans to idle the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards