Natural-Gas Prices Fall Even With Chill Nearing

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When cold weather looms across the U.S., natural-gas prices usually rise. This year they are falling, after a record production boom nearly replenished stockpiles left at their lowest since 2003 by last winter’s freeze.

Goldman Sachs to Shun U.K. Body

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The list of major banks signed up to a new U.K. body aimed at overhauling banker behavior is almost certain to be missing at least one major name: Goldman Sachs.

Qatar Buys Into Hong Kong Department-Store Operator

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Qatar’s sovereign-wealth fund is buying around a fifth of Lifestyle International Holdings for $616 million, making a play for department stores that are popular with mainland Chinese shoppers.

Australia Sets Medibank IPO

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Australia’s government said it aims to raise as much as $4.82 billion through an initial public offering of the country’s biggest health insurer.

Apple Pay Rolls Out, With Holes

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Apple Inc. on Monday will begin its bold undertaking to add a wallet to its iPhones. Participants include McDonald’s, Whole Foods and Walgreen. Yet the service won’t be ubiquitous overnight.

Tesoro Logistics Buying QEP Natural-Gas Business

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Tesoro Logistics is buying a natural-gas pipeline and processing business owned by QEP Resources in a $2.5 billion deal, the companies said late Sunday.

Globalfoundries to Take Over IBM Chip Unit

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IBM will pay Globalfoundries $1.5 billion to take over IBM’s semiconductor operations.

Chinese Stimulus Fuels Hope for Copper

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Copper prices clung to $3 a pound last week as encouragement over stimulus efforts by China offset worries about slowing global growth.

Clouds Hang Over Strong Quarter for Banks

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Banks may not be finished tightening their belts, with low interest rates likely continuing to squeeze the profitability of lending and trading remaining a volatile source of revenue.

Comings & Goings: News Digest

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Denis McInerney, a lawyer recruited to oversee the Justice Department’s fraud section after the financial crisis, is returning to private practice at Davis Polk.

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