Mon, 13 Aug 2012 11:56:10 CDT
Tesoro Corp moved on Monday to create the biggest U.S. refining empire in the Pacific Basin with a $2.5 billion deal to buy BP's Carson plant in the isolated California market. Shares in Tesoro shot up more than 9 percent, trading at $38.75. If regulators approve the purchase, the independent refiner will have three plants in California alone as well as three refineries elsewhere in...
Read full article at: yahoo.com