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* Senate Banking Committee Chairman Paul S. Sarbanes (D-Md.) postponed action on accounting oversight legislation until after the congressional Memorial Day recess. The delay came amid mounting industry and Republican opposition to the chairman’s bill, which would create an accounting oversight panel with more authority than one approved by the Republican-controlled House.

* Energy companies El Paso Corp. and Questar Corp. said they have not engaged in the types of sham energy trades that falsely boosted volumes and revenues at some of their rivals.

* World Wrestling Federation Entertainment Inc. said it repurchased NBC’s stake in the company for about $27.7 million. World Wrestling paid the TV network $12 a share for about 2.31 million shares of its Class A common stock, the Stamford, Conn.-based company said. In March 2000, NBC invested $30 million in World Wrestling to own half of the XFL football league, which folded last May.

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