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* KB Toys Inc. said it would close as many as 238 stores by Jan. 31 as part of its bankruptcy reorganization.
* News Corp. shareholders approved Rupert Murdoch’s plan to move his media company to the U.S. from Australia, making it easier to raise money for expansion and allowing the stock to be added to the Standard & Poor’s 500 index.
* Taiwan, the sixth-largest buyer of U.S. beef, agreed to resume importing the meat after a 10-month suspension prompted by a lone case of mad cow disease in Washington state.
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