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* Calpine Corp., the power producer that filed the biggest U.S. bankruptcy case of 2005, hired Scott Davido as its chief financial officer, tapping an executive who guided rival NRG Energy Inc. through bankruptcy protection in less than eight months.

* USG Corp., the No. 1 maker of gypsum wallboard, agreed to pay as much as $3.95 billion to settle asbestos liability claims and emerge from 4 1/2 years of bankruptcy protection.

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