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Los Angeles-based Foothill Group Inc. announced a...

From Times Staff and Wire Reports

Los Angeles-based Foothill Group Inc. announced a new dividend policy that allows Foothill to declare and distribute stock rather than cash dividends on its outstanding common shares. The Los Angeles-based firm said it plans to eliminate its fourth-quarter dividend . . . R.H. Macy & Co. said a third investor, which it did not identify, has received FTC clearance to increase its stake in the retailer.


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