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BUSINESS BRIEFING / CLOTHING

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Times Wire Reports

Levi Strauss & Co. said it would hire Blake Jorgensen of Yahoo Inc. to be the San Francisco clothing maker’s chief financial officer and executive vice president.

Jorgensen, 49, is now CFO of Sunnyvale, Calif.-based Yahoo. The Internet company said in February that Jorgensen would be replaced. Yahoo will pay him $1.8 million in severance -- more than triple his salary.

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