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* Paul Allen, the billionaire co-founder of Microsoft Corp., sold 40% of his stake in RCN Corp. for $2 million after investing $1.65 billion in the cable television, telephone and Internet provider four years ago.
* Park Place Entertainment Corp. officially became Caesars Entertainment Inc. The company has 29 casino resorts in five countries.
* Hyundai Motor America announced record sales of 34,716 vehicles for the month of December, up 36.4% from a year ago. Total sales for 2003 set a new record at 400,221, up 6.7% from 2002.
* Estee Lauder Cos. said William Lauder, the 43-year-old grandson of company founder Estee Lauder, would become chief executive July 1.
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