Money cuts Dorfman

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Money said it has terminated its relationship with columnist Dan Dorfman, who had been on a paid leave of absence since October following disclosures in a Business Week article that he was under scrutiny as part of an insider trading investigation.

The Business Week article contended Mr. Dorfman had been using as sources of his daily CNBC-TV segments an inordinate amount of tips from Donald Kesler, a West Babylon, N.Y.-based financial public relations executive. Money Managing Editor Frank Lalli said he made the decision to terminate Mr. Dorfman when the columnist "declined to tell me who his sources were."

So far there has no change in Mr. Dorfman's status at CNBC, where he does a daily segment called "The Dorfman Report." Said a CNBC spokesman, "He was on today." The Business Week article said an unusually high number of Mr. Dorfman's TV stories were favorable to the companies that Mr. Kesler was representing.

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