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* R.R. Donnelley & Sons Co., the printer of TV Guide and Sports Illustrated magazines, said Chairman and Chief Executive William Davis would retire. Davis, 59, will remain with R.R. Donnelley until a successor can be found, the Chicago-based company said.

* Acclaim Entertainment Inc., maker of video games for machines such as Sony Corp.’s PlayStation 2, said it was granted a 180-day extension to keep trading its shares on Nasdaq. The company has until Jan. 20 to regain compliance with the stock market’s rule that shares have a minimum price of $1, Glen Cove, N.Y.-based Acclaim said.

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