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July 31, 1996|Times Staff and Wire Reports

Sherman Oaks-based House of Fabrics said its board has elected R.N. Hankin chairman. . . . Aetna announced it will cut 1,700 jobs nationwide as it stops administering Medicare fee-for-service programs. . . . Philip Morris announced that Louis Camilleri will become chief financial officer Nov. 1. . . . A House subcommittee easily approved a bill requiring banks to clearly inform consumers about new fees for using ATMs.

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