Today a 9th Circuit court in San Francisco hears arguments on the legality of California's, first in the nation, low carbon regulation for transport fuel. The case may determine whether California becomes the U.S. leader in climate litigation.
Higher production could make Iraq the world's second-largest oil exporter. Most of the added oil won't go to the U.S., but to countries helping Iraq rebuild its oil facilities and basic infrastructure.
Today T-Mobile and MetroPCS announced a merger, uniting them as the fourth largest wireless carrier in the U.S. The cellphone companies will cater to customers seeking low monthly payments, a rapidly growing mobile segment.