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* HealthSouth Corp. Chairman Richard Scrushy didn’t take advantage of inside information when he sold stock, said a law firm hired by the hospital company to probe the executive’s transactions.

* U.S. mortgage applications dropped 20% last week, a sign the hottest sector of the economy may be cooling.

* AT&T; Wireless Services Inc., Viacom Inc. and other telecommunications and media companies may get more flexibility to use airwaves for telephone, Internet, television and other services, a U.S. regulator said. The Federal Communications Commission is updating its rules to let the companies employ new technology that uses the same spectrum in innovative ways without disrupting each other’s signals, Chairman Michael K. Powell said.

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* Longs Drug Stores Corp. of Walnut Creek, Calif., named former Kroger Co. Senior Vice President Warren Bryant as president and chief executive.

* Boeing Co.’s Shared Services unit plans to cut 1,200 to 1,500 jobs in the next six months, mainly in Washington.

* Unocal Corp of El Segundo said it completed the acquisition of Pure Resources Inc. of Midland, Texas.

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* The U.S. wireless telephone industry boosted customers by 4.8% in the first six months of 2002, the slowest rate ever, according to an industry survey. The number of wireless customers rose to 134.6 million as of June 30, the Cellular Telecommunications & Internet Assn. said.

* General Motors Corp. said it will extend its offer of no-interest loans on all 2002 and most 2003 models by two months until Jan. 2, after the U.S. government said that consumer confidence had tumbled to its lowest level in nine years.

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