Westinghouse to separate CBS

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Westinghouse Corp. said Monday it would like to separate CBS, which it acquired last year, from its industrial business. Chairman-CEO Michael H. Jordan said company expects to announce its conclusions during the fourth quarter after studying legal, financial and other issues. "We are seeking to create the appropriate balance sheet and tax structure for each major sector of our business," Mr. Jordan said. "In so doing, we will help to ensure the long-term competitiveness and growth of both businesses."

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