Weekly News Roundup: Sunoco (NYSE:SUN)

Here’s a run-down of Sunoco (NYSE:SUN) news briefs from last week. Sunoco (NYSE:SUN) company shares ended the week at 40.04 (as of 12/10/2010). Weekly News Roundup: Sunoco (NYSE:SUN) Monday 6 December Sunoco (NYSE:SUN) has said that sale of Ohio refinery should not affect its Philadelphia and Marcus Hook plants. It was reported that the two local refineries will be the only ones left in Sunoco's portfolio after the $400 million sale of its Toledo plant to PBF energy. Sunoco (NYSE:SUN) spokesman Thomas Golembeski said that "The company has to adapt in order to remain competitive. Our competitors are not standing still so we have to constantly adapt to stay competitive and stay one step ahead of them." Tuesday 7 December Sunoco (NYSE:SUN) has reported a leak in its 10 inch pipeline near Houston. This crude-oil pipeline, running from Kilgore in Texas to Houston was undergoing scheduled maintenance at the time of the release and was not in service. Almost 65 barrels was spilled near Livingston, 77 miles (125 kilometers) northeast of Houston. Sunoco (NYSE:SUN) spokesman Golembeski said that "There is no impact to customers and the cause is being investigated and the amount of oil released is being determined." Wednesday 8 December Sunoco (NYSE:SUN) has announced that its CEO had won the Paradigm Award. Lynn L. Elsenhans was declared by the Greater Philadelphia Chamber of Commerce as the winner of its 2011 Paradigm Award for becoming the outstanding businesswoman in the region. Elsenhans, who is also the chief executive of Sunoco Logistics Partners LP, joined thePhiladelphia refiner in August 2008. The award will be given on March 17 at the Philadelphia Marriott Downtown and she will be designating $25,000 in charitable gifts. We will be monitoring the Sunoco stock price for changes over the next couple of weeks.
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