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Bloomberg News

El Segundo-based Hughes Electronics Corp., owner of the DirecTV satellite-television service, rose 6% on Monday on continuing speculation that General Motors Corp. might sell part of its Hughes stake. Hughes shares, which trade under the ticker symbol GMH, rose $5 to a record $94.69 on the NYSE. GM, which has a 69% stake in Hughes, rose $1.75 to $77.50, also on the NYSE. GM’s board reviewed business plans for Hughes at a directors meeting Monday in what analysts viewed as a step toward a spinoff.

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