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Grand Bay Hotels of Miami will team up with the developers of Lake Las Vegas to build two hotels as part of a 40-acre lakefront resort 17 miles from Las Vegas. . . . Brown & Williamson Tobacco Corp. said it will appeal a verdict by a jury in Jacksonville, Fla., that awarded a smoker $750,000 by arguing that stacks of internal documents shouldn’t have been allowed in the trial. . . . Greenwich, Conn.-based Witco Corp. said it will slash 1,800 jobs over three years in a restructuring designed to reduce operating costs by more than $200 million by the end of 1999.