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In Business This Week

ET CETERA...

-- United Parcel Service won a $1 billion, five-year contract to tote J.C. Penney's bags.

-- Kohlberg Kravis Roberts will enter health care, buying a Merck mental-health unit.

-- Fidelity's Magellan Fund hit $50 billion in assets, up 25% in just three months.

-- New Burger King: Robert Lowes will head Grand Metropolitan's fast-food chain.EDITED BY KEITH H. HAMMONDS


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