The Golden State's geography isolates it from most domestic oil and gas supplies. But growing shipments via rail might change that.
Shares of the company have become dangerously high-priced, so this move will help tremendously.
Dealmakers expect 2013 to be a big one for big deals. Here are some names that could become buyouts.
The deal will likely not wipe out all the recent gains as some now warn, but some profit taking is prudent.
If the market's recent rise has you nervous, switching to more defensive investments may be a better course of action than fleeing the market altogether.
Berkshire Hathaway is likely to increase its stakes in Amex, Coca-Cola, IBM and Wells Fargo.
Markets seem set to continue Tuesday's rally and send the Dow further into uncharted territory.
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The offering could become the second-biggest this year if underwriters exercise an option to buy more shares.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.