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* Albertson’s Inc. raised its first-quarter profit outlook, saying a restructuring aimed at fending off competition from Wal-Mart Stores Inc. was paying off sooner than anticipated. Albertson’s said it expects to post a profit of 55 cents to 58 cents, exceeding analyst estimates of 53 cents and the company’s earlier projection of 50cents.

* Andrx Corp., a generic-drug maker, named former Bristol-Myers Squibb Co. official Richard Lane as chief executive, effective June 1.

* Pennzoil-Quaker State Co. said it received a request from the Federal Trade Commission for extra information about its acquisition by Royal Dutch/Shell. Pennzoil said the request appeared to involve its activities in base oil--the refined oil base that is used to make lubricants--and passenger car motor oil. It said it would continue to cooperate fully with the FTC’s review of the $1.8-billion takeover.

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