PROFILE OF THE WEEK

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AT&T Corp., after a bidding war that began in mid-March, said it signed a definitive agreement with MediaOne Group to buy that cable TV company for $54 billion in stock and cash. The giant deal, along with AT&T's earlier purchase of cable TV company Tele-Communications Inc., positioned the long-distance telephone service provider to enter local telephone and broadband communications markets. In trading Friday, AT&T stock closed at 60.44, near its 52-week high of
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