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* Coca-Cola Co. will stop airing one television advertisement for its Powerade Option low-calorie sports drink and modify another to settle a lawsuit brought by PepsiCo Inc.

* Hedge fund GLG Partners reported a 6.3% stake in Lexar Media Inc., making it at least the fourth fund to take a stake in the company since Micron Technology Inc. announced a $680-million acquisition.

* Dell Inc. agreed to buy PC maker Alienware Corp. to add more powerful machines popular with gamers. Terms of the agreement were not disclosed.

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* Retired Gen. Wesley Clark, the former NATO supreme commander and Democratic presidential candidate, has joined the board of Viaspace Inc., a Pasadena developer and maker of security and energy products.

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