Also. . .
* IBP Inc., the world’s largest meatpacker, said it will reduce its cattle and hog slaughter by as much as 25% over the next several weeks amid a beef and pork glut that has led to a slump in prices.
* J.P. Morgan & Co., the fourth-largest U.S. bank, said it’s seeking a buyer for its global energy trading group in order to concentrate on other activities, including its core investment banking services.
* Deluxe Corp., the nation’s largest check printer, said it ended its agreement to sell its PaperDirect Inc. and Social Expressions specialty paper and greeting cards businesses to a private investor because some conditions weren’t met.
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