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* RadioShack Corp. said fourth-quarter profit fell 76% as sales of personal computers and satellite television systems declined.

Net income fell to $35.2 million, or 18 cents a share, and sales declined 4.3% to $1.52 billion from $1.58 billion.

* Cox Radio Inc., the third-biggest U.S. radio company, said fourth-quarter profit more than doubled to $13.6 million, or 14 cents a share. Sales fell 1.1% to $101.7 million.

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* People magazine’s managing editor, Carol Wallace, will resign after five years as head of the nation’s most profitable magazine and will be succeeded by In Style magazine’s Martha Nelson, publisher Time Inc. said.

* Radio One Inc., the largest U.S. radio broadcaster serving black listeners, said its fourth-quarter loss almost doubled because expenses rose and advertising sales slowed.

The loss increased to $15.4million, or 22 cents a share, and broadcast sales rose 16% to $67.4million.

* The Securities and Exchange Commission said it has charged an ex-Lehman Bros. Inc. branch manager with securities fraud, alleging he stole at least $40 million from more than 50 clients. Wall Street’s top regulator said it was seeking a temporary restraining order, asset freeze and receiver for Frank Gruttadauria, a former manager of Lehman’s Cleveland office.

* Federated Department Stores Inc. signed a preliminary agreement to sell troubled catalog retailer Fingerhut Cos. to a Minnesota turnaround specialist--but left the door open for additional bids. The Cincinnati-based retailer said it has signed a nonbinding letter of intent that could lead to the purchase of Fingerhut and substantially all of its assets by Business Development Group Acquisitions Inc.

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