Chevron Corp., the second-biggest U.S. oil company, said it’s preparing an investment that will help make the country energy independent by developing what could be the world’s second-largest shale oil reservoir.
Warren Buffett stole headlines when he committed $12.1 billion in a deal to take ketchup maker HJ Heinz Co. private this year. Managers at his Berkshire Hathaway Inc. spent as much in 2012 while attracting less attention.
Eskom SOC Holdings Ltd., the South African power utility that’s building the world’s third- and fourth-biggest coal-fired plants, will sell more than $1 billion of bonds this year, Chief Executive Officer Brian Dames said.
Digital Realty Trust Inc. is a stock to sell short because the manager of data-center real estate relies on access to capital markets to fund its dividend, Jonathon Jacobson of Highfields Capital Management LP said.
North American Palladium Ltd., the operator of a precious-metals mine in Ontario, fell the most in two years after saying its 2013 output targets will be “difficult” to achieve and it may seek financing this quarter.