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Court Approves $13M Sale Of Fedders Subsidiary

By Bailey Somers ( March 13, 2008, 12:00 AM EDT) -- Bankrupt air conditioner manufacturer Fedders Corp. took another step toward emergence from Chapter 11 protection on Wednesday, when a bankruptcy court judge gave the nod to the company's plan to sell its U.S.-based residential heating, ventilating and air conditioning business....

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