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* Assisted Living Concepts Inc., one of the largest U.S. retirement home chains, filed for bankruptcy protection after bondholders owning about 47% of the debt agreed to a reorganization plan. The Portland, Ore.-based company listed $331.4 million in assets and $252 million in debts in Chapter 11 papers filed in U.S. Bankruptcy Court in Wilmington, Del.
* Cadbury Schweppes filed suit against PepsiCo Inc., accusing its larger rival of trying to shut out 7 Up from Taco Bell, Pizza Hut and KFC restaurants.
* Walgreen Co. said fiscal fourth-quarter earnings were little changed as the largest U.S. drugstore chain boosted sales with new stores and discounted prices on general merchandise, which hurt profit margins.
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