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* General Motors Corp.’s finance arm, which has warned that it may have to curtail lending because of its “junk” credit ratings, said it agreed to sell a 60% stake in its commercial mortgage unit to a private equity consortium.
* Executive recruiting firm Korn/Ferry International Inc. of Los Angeles has accused a former senior executive and other ex-employees of stealing client information and using it at a competing business.
* Arthur Andersen, the now-defunct auditor, has agreed to pay $25 million to settle a lawsuit brought by investors over its role in the collapse of telecommunications network provider Global Crossing Ltd., lawyers for the plaintiffs said.
* Gateway Inc. delayed its quarterly results for a second time while it decides how to account for a $150-million payment from Microsoft Corp.
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