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Marathon, Alliance Data Sign Credit Card Agreement

Alliance Data to provide private label and co-branded credit and marketing services for a network of 5,100 independently-owned Marathon brand locations. Marathon Petroleum Corp. (MPC) and Alliance Data Systems Corp., a provider of loyalty and marketing solutions derived from transaction data, have signed a new long-term agreement, through which Alliance will provide private label and

SUNOCO

Breaking News: Sunoco Selling Refineries

“Given the unacceptable financial performance of these assets, it is clear that it is in the best interests of shareholders to exit this business,” says Sunoco CEO. Sunoco Inc. announced today, Tuesday, Sept. 6, 2011, that it plans to exit the refining business. Philadelphia-based Sunoco, which owns two refineries—one in Philadelphia and one in Marcus

speedway

Marathon Petroleum Hungry For Acquisitions

Following its separation from Marathon Oil Corp., Marathon Petroleum is now preparing to grow its Speedway brand.  Marathon Petroleum Corp., which spun off from Marathon Oil Corp. last month, is searching for acquisitions and seeking assets that meld with its strategy of refining oil and distributing the fuels produced, Reuters reported. “We have an appetite

Marathon Selling Minnesota Downstream Assets

Marathon Oil Corp., an integrated energy company, has announced that its wholly owned subsidiary Marathon Petroleum Co. LP has closed the transaction with ACON Investments LLC and TPG Capital for the sale of most of Marathon’s Minnesota downstream assets. ACON and TPG formed Northern Tier Energy LLC (Northern Tier Energy) to operate the assets as

Marathon Oil Recognizes Everbrite

Marathon Oil Corp. recently recognized Everbrite LLC., a visual identification supplier for Marathon’s Speedway SuperAmerica LLC retail organization, as the company’s Supplier Diversity Vendor of the Year. The annual “Living Our Values Award and Recognition Program” recognizes employees and vendors who best exemplify Marathon’s guiding corporate principles. Everbrite, a Women’s Business Enterprise (WBE) company, won

Marathon to Divest 166 stores

Marathon Oil Corp. has signed a non-binding Letter of Intent with ACON Investments LLC, NTR Partners LLC and TPG Capital, L.P. to sell most of its Minnesota downstream assets.   The assets include the 74,000 barrel per day St. Paul Park refinery and associated terminal, 166 SuperAmerica convenience stores along with the SuperMom’s Bakery (a

Marathon Oil Implements Visa ReadyLink

Visa Inc. and Marathon Oil Corporation are rolling out Visa ReadyLink—Visa’s prepaid reload network—in 4,000 Marathon Brand retail stations. To date the service has rolled out to approximately 2,000 locations, with the remainder expected to be active by the end of 2010. Marathon markets through approximately 4,600 branded locations in 18 states in the Midwest

Speedway SuperAmerica Presents a Unified Front

SuperAmerica won CSD’s Chain of the Year award in 1991, and Speedway was recognized with that honor six years later. In 1998, the two convenience store chains merged to form Speedway SuperAmerica LLC, which is owned by Marathon Oil Corp. Today, Speedway SuperAmerica, which is based in Enon, Ohio, is made up of more than

Simon Says: Refine Your Retail

Don Glenn and Jake Leatherman had just wrapped up three store visits to Atlas Oil customers in southern Michigan when their conversation turned from coffee to a slightly more slippery substance: petroleum. “Four dollars,” said Glenn, director of retail sales at Taylor, Mich.-based fuel distributor Atlas. “That’s where everybody’s world changed.” Leatherman, Atlas’ senior retail

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