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By Caroline Winter

May 17, 2012 at 10:00 PM UTC

This article is for subscribers only.

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This article is part of the May 21, 2012 issue of businessweek.

1. Düsseldorf-based utility E.ON sold its German natural gas pipeline network to a group led by Macquarie Group for $4.1 billion, shoring up funds as nuclear earnings decline.

2. Mortgage company Residential Capital declared bankruptcy and will be sold to Fortress Investment Group and Nationstar Mortgage Holdings for about $2.3 billion.