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* The Energy Department picked a corporate group led by Northrop Grumman Corp. of Century City to manage the Nevada Test Site, rejecting a bid from Bechtel Corp., which has held the contract for 10 years.

* Stephen Cooper, the restructuring specialist who led Enron Corp. through its bankruptcy, agreed to halve his proposed $25-million “success” fee after a probe by the Justice Department found “unacceptable” billing practices.

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