U.S. News
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Kinder Morgan Inc. agreed to buy El Paso Corp. for about $21.1 billion in cash and stock, creating the largest U.S. natural-gas pipeline network in the energy industry’s biggest transaction in more than a year.
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International central banks are selling the most Treasuries since the credit crisis began just as institutional investors load up on U.S. government bonds.
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European leaders have one week to settle differences and flesh out a strategy to terminate their sovereign debt crisis as global finance chiefs warn failure to do so would endanger the world economy.
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The U.S. dollar advanced against the New Zealand dollar, climbing to 80.34 cents in early Asia- Pacific trading from 80.53 cents at the end of last week in New York. The greenback fell to 77.02 yen from 77.22 yen, and was up against the euro at $1.3871 from $1.3882.