Expenses are integral part of any business. However, Internal Revenue Service (IRS) offers deductions on certain expenses.
Sunoco's (NYSE: SUN)
third-quarter results demonstrate that fear and loathing continue to
dominate the independent refining industry. Market fundamentals remain
weak, and industry executives, at least in Sunoco's case, are busily
exercising their distaste for anything that weighs on cash flow --
whether that's an underperforming facility or employee benefits.