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Times Staff and Wire Reports

Union Pacific Corp. said its board named President and Chief Operating Officer Richard Davidson to the additional posts of chairman and chief executive, replacing Drew Lewis, who is retiring Jan. 1. . . . Phoenix-based Viad Corp. said it appointed Robert Bohannon as chairman, chief executive and president. . . . San Antonio-based Valero Energy Corp. said it is looking for a merger partner for its natural gas unit in a transaction that could be valued at more than $1.4 billion.

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