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Intel Corp. cut prices on its flagship Pentium III chips by as much as 41% to spur holiday season demand and siphon off sales from rival Advanced Micro Devices Inc. Shares of Santa Clara, Calif.-based Intel rose on the news, gaining $3 to close at $82.94 on Nasdaq. Intel, caught off guard last year by the popularity of low-priced PCs, has accelerated product introductions and slashed prices to regain market share from AMD. AMD shares rose 94 cents to close at $19.19 on the NYSE.

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* Zenith Electronics Corp., the second-biggest U.S. television maker, filed for bankruptcy protection from its creditors as it moved toward financial reorganization after years of withering foreign competition. The Glenview, Ill.-based firm--54%-owned by South Korea’s LG Group, formerly Goldstar Co.--listed $310.9 million in assets and $732 million in debts. Zenith, which has lost money every year but one since 1985, said in 1998 it would develop a bankruptcy plan that leaves stock owners with nothing for their shares.

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* Buena Vista Internet Group, Walt Disney Co.’s online arm, agreed to buy 60% of Soccernet from Britain’s Daily Mail & General Trust to boost coverage of soccer on its ESPN sports Web sites. The value of the transaction was not disclosed.

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* Redwood City, Calif.-based Liquid Audio Inc., which makes software that lets consumers download music from the Internet, agreed to supply music to Yahoo Inc.’s new Digital Web site as it expands its music distribution.

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