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Kmart sold all but a 12.5% stake in its money-losing Canadian discount retail chain to an investor group for $134 million. Troy, Mich.-based Kmart had been seeking to sell Kmart Canada Co. for about two years. Buyers of the 123-store retailer were York Management Services Inc., Cherokee Ventures Canada Inc. and a unit of the Caisse de Depot et Placement du Quebec, a government-owned public pension fund manager. . . . Eastman Kodak Co. said it’s assigning all advertising for its consumer imaging business to Ogilvy & Mather Worldwide, dropping its longtime ad agency J. Walter Thompson Co. Billings were not disclosed, but industry sources put the figure in the $40-million to $50-million range. . . . Dell Computer Corp. said outgoing Novell Inc. President Joseph Marengi will join Dell to handle development of large corporate customers and other business clients.
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