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<b>FINANCE</b><@SM><@SM> <b>Clifton Gunderson LLC</b> has announced the addition of <i>Tom Heseltin</i> as a manager in the firm

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L.A. Garment District Tenants Sue Landlords Over ‘Key Money’ Pay

A pair of tenants in the heavily immigrant garment district of Los Angeles have sued their landlords over “key money” fees charged to secure a prime location.<@SM><@SM><TAB>In the gritty district just south of downtown, tenants have not challenged the decades-long practice until now. The fees, which are named for the custom of paying landlords for handing over the keys, can run up to tens of thousands of dollars.

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Mortgage Rates Fall to Lowest Level Since End of ’99 in Current Week

Mortgage rates fell this week with rates on 30-year mortgages dipping to their lowest level since the end of last year.<@SM><@SM><TAB>The average interest rate on 30-year fixed-rate mortgages slipped to 8.09 percent for the week ending July 14, down from 8.16 percent the previous week, according to a survey released Thursday by Freddie Mac, the mortgage company. This time a year ago, 30-year rates were at 7.58 percent.

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Week In Review

<b><u><font="+2">Legg Mason Surges on Rumors</font></u></b><@SM><@SM><TAB>Not all rumors are bad. Just ask <b>Legg Mason Inc.</b><@SM><@SM><TAB>The Baltimore-based financial services company surged on Wall Street this week as investors speculated that the company would be the next to sell out.

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Administration: Nation Still Vulnerable To More Record-High Gas Price Surges

Record-high gasoline costs in the Midwest have moderated, but a Clinton administration energy expert warned yesterday that other areas might see price surges this summer.<@SM><@SM><TAB>Crude oil prices remain high, gasoline inventories are still low, refineries are operating at near-capacity levels and demand is not expected to decline, John Cook, the federal Energy Information Administration

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For Some at GM’s Broening Highway, Vacation Doesn’t End

<TAB>Nearly 600 fewer production and assembly workers will report for work Monday at General Motors’ Broening Highway plant, after a traditional two-week summer shutdown.<@SM><@SM><TAB>GM has laid off one full-time shift of hourly workers at the plant, where the Chevrolet Astro and GMC Safari vans have been assembled since 1984. Sales of both models have declined steadily since 1994. For the Astro — the more popular of the two vehicles — sales dipped by more than 20 percent during the last six years.

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