Finance time

XTO Energy says it is acquiring privately held Hunt Petroleum Corp. for $4.19 billion in cash and stock.
XTO Energy (XTO, Fortune 500) Inc., an oil and gas property developer and producer, says the deal includes $2.6 billion in cash and 23.5 million shares of XTO stock. The stock portion of the deal is valued […]

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Treasury Secretary Henry Paulson said he will tell his Group of Eight counterparts that “strong'' U.S. long-term fundamentals will be reflected in the dollar and repeated that currency intervention is a tool for policy makers.
“What the ministers will hear me say is a lot of what I say publicly,'' Paulson said in an […]

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The White House is calling it "farm bill two - the sequel." And according to President Bush, the second one isn’t any better than the first.
To assure that U.S. food aid abroad continues amid a global hunger crisis, Congress and Bush are again passing, vetoing and enacting a $290 billion bill for providing farm […]

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Asian governments are falling behind in their battle against record oil prices, risking public protests, higher interest rates and slower growth.
Indian Prime Minister Manmohan Singh and his Malaysian counterpart, Abdullah Ahmad Badawi, relaxed fuel price controls yesterday, joining Indonesia, Taiwan, Pakistan and Sri Lanka in boosting costs for business and consumers. The moves […]

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Rising food and gas prices dragged down a consumer sentiment measure to its lowest level in nearly 28 years, according to a survey released Friday.
The Reuters/University of Michigan Surveys of Consumers index of fell to 59.8 in May, down from 62.6 in April. Economists had expected the index to decline to 59.5, according to […]

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