Business briefs
El Paso
El Paso investors approved the natural gas pipeline company’s $23 billion takeover by rival Kinder Morgan, shrugging off charges that El Paso CEO Douglas Foshee and the company’s adviser, Goldman Sachs, had conflicts of interest that kept El Paso from getting the highest possible price.
Nardelli exit
Cerberus Capital said Robert Nardelli will leave his post as head of its operations and advisory business and become an adviser to Stephen Feinberg, the firm’s founder and CEO.
Ally up
Ally Financial bonds rose the most in three weeks after The Post reported Fortress Investment Group is in talks to buy ResCap, the company’s mortgage division.
Greek peak
Greece said it received the consent of enough of its creditors to push ahead with an historic $266 billion debt restructuring that will provide fast relief.
New Republic
Facebook co-founder Chris Hughes bought a majority stake in the New Republic magazine and will become the journal’s editor in chief and publisher.

