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* Clorox Co. said it will eliminate 585 jobs in the U.S. and Latin America, or 5.3% of its work force, to reduce costs following a year of profit declines. The Oakland-based maker of Glad bags and Tilex cleaner as well as its namesake bleach said the reductions will save $40 million to $45 million a year starting in the fiscal year beginning in July.

* Redwood City, Calif.-based Napster Inc., the embattled online song-sharing service, said that another independent label had agreed to supply its full catalog of songs for its forthcoming subscription service. Terms of the deal with Matador Records, whose artists include Yo La Tengo, Cornelius and Stephen Malkmus, were not disclosed.

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