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May 07, 2002

* Federated Department Stores Inc. said it has terminated negotiations to sell its Fingerhut subsidiary to an investor group led by Minnesota businessman Peter Lytle, citing a "difficult economic environment." Federated will try to sell parts of Fingerhut to third parties to preserve as many jobs as possible, Federated Vice Chairman Ron Tysoe said.

* Sabre Holdings Corp. said Travelocity.com Chief Executive Terry Jones is retiring and named Executive Vice President Sam Gilliland as his replacement.

* World Wrestling Federation Entertainment Inc., a producer of wrestling events, said it is changing its name to World Wrestling Entertainment Inc. after losing a trademark lawsuit brought by the World Wildlife Fund over its use of the initials WWF.

* Procter & Gamble Co. said it is testing a premium-price line of tampons to try to increase its share of the market for feminine-hygiene products.

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