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Sam's Club to insure businesses
The warehouse retailer will next week start selling a health insurance program for small businesses. ExtendChoice is a defined contribution program under which employers can give workers tax-free money to secure their own individual health insurance, as well as pay for qualified medical expenses. Shares of Wal-Mart, which owns Sam's Club, fell 1.5% to 46.80.
IN BRIEF
** Genentech is seeking a 6-month priority FDA review for Lucentis, its drug for slowing an eye disease that can cause blindness. Shares rose 0.5% to 92.50.
For The Record: The Dec. 28 editorial "Safety Net" incorrectly stated that the FISA court had refused to authorize a warrant to search the computer of alleged 20th 9-11 hijacker Zacarias Moussaoui prior to the attack. In fact, the FBI did not submit a request because it thought it would not be approved.TRENDS/INNOVATIONS
Cities slam Sony's graffiti promos