MIKEBLOOMBERG STEPS DOWN AS CHAIRMAN

Michael Bloomberg has stepped down as chairman of the board at Bloomberg. Peter Grauer, a board member and managing director of Credit Suisse First Boston, is now chairman. In addition, Arthur Levitt, former chairman of the Securities and Exchange Commission, was named to the board, along with financial columnist Jane Bryant Quinn; Frank Savage, chairman of Alliance Capital Management International; and Thomas Secunda, a founding partner of Bloomberg. The new

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