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March 04, 2004

* Longs Drug Stores Corp. reported fourth-quarter net income of $13.4 million, or 36 cents a share, up from $6.4 million, or 17 cents, a year earlier. Sales for the quarter increased 4.8% to $1.23 billion.

* Chiron Corp. said the attorneys general of Florida and Kentucky were investigating how the company calculated prices it charged the U.S. government for drugs.

* Wal-Mart Stores Inc. opened its first grocery-selling store in California. The 225,000 square-foot store in La Quinta is the first of about 40 so-called Supercenters Wal-Mart plans to open in the state in the next four years.

* Footstar Inc., operator of Footaction and Just for Feet athletic-shoe stores, filed for bankruptcy protection after losing business from Kmart Holding Corp. and accounting discrepancies.

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