He inherited a lumbering giant plagued by overcapacity, sloppy service and an unwieldy acquisition--six years earlier, Union Pacific had finally succeeded in buying rival Southern Pacific, a deal the company had originally completed in 1901, only to see it reversed by a monopoly-fearing Supreme Court in 1913.

FORBES: Railroads

Pacific Enterprises, the parent of the Southern California Gas Company, plans to move to San Diego when it merges with Enova, the parent of San Diego Gas and Electric.

ECONOMIST: How to remake a city