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AT&T Wireless Services said it will buy the 77 percent of TeleCorp PCS it does not own for $2.4 billion in stock. AT&T, the third-largest US wireless company, also will assume $2.1 billion in TeleCorp debt. TeleCorp is based in Arlington, Va.

Northwest Natural Gas Co. agreed to acquire Enron Corp.'s Portland General Electric for $1.8 billion. The deal will combine Oregon's largest natural gas and largest electric utilities. Northwest also is based in Portland.

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Sun Microsystems announced it will cut 4,000 jobs. Sun, the Palo Alto, Calif., computer-server manufacturer, said Friday that the cuts would produce savings of at least $125 million a quarter but will not affect research and development spending. The company estimated it lost at least $200 million as a result of the Sept. 11 terrorist attacks.

The plug was pulled on Railtrack, the struggling British passenger service that depends on the government for two-thirds of its financial support. The Labour government asked the High Court to place the company in receivership, making it the first failure in almost 20 years of privatization, and a not-for-profit operator was expected to be set up under the national rail authority. Railtrack reportedly is $4.9 billion in debt.

Joining the ranks of other carriers in making job cuts, Austrian Airlines will reduce its payroll by 1,050 workers, the newsmagazine Format reported.