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* CKE Restaurants Inc. reported a fiscal second-quarter profit, reversing a year-earlier loss, but also lowered expectations for its fiscal year, sparking a 25% drop in its stock price Thursday.
* Wells Fargo & Co. plans to add about 300 branch employees in California to sell personal loans and other consumer services, working to fend off competition from Bank of America Corp. and Citigroup Inc.
* Milan Panic, former chairman of ICN Pharmaceuticals Inc., has added to his investment in the drug company he founded after purchasing almost $8 million of its convertible bonds on the open market, according to a filing with the Securities and Exchange Commission.
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