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Kmart Quits Executive Search: The Troy, Mich.-based discount chain said it has dropped a search for a No. 2 executive, which leaves the firm with no clear heir apparent to beleaguered President and Chief Executive Joseph E. Antonini. Kmart is expected to report its eighth straight quarter of lower earnings Monday and has been under pressure to replace Antonini. Directors recently stripped Antonini of the chairman’s title and brought in outsiders to report to him. Kmart reportedly had trouble finding a No. 2 willing to take the job without a timetable for becoming No. 1.
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