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An analyst downgraded shares of Copart Inc. on Wednesday, saying a stronger dollar, falling scrap prices and a cautious outlook from a competitor present risks to the junk car auction service.

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A trust set up by Microsoft co-founder and Chairman Bill Gates has increased its stake in car dealer AutoNation Inc. to about 5 percent, according to a regulatory filing.

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FAIRFIELD, Calif.—-Copart, Inc. today announced the opening of a second facility near Richmond, Virginia. This latest addition to Copart’s growing footprint marks the company’s third facility in Virginia, the 133rd facility in North America, and the 145th facility world-wide.

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NEW YORK—-American Express today announced the launch of its latest television spot showcasing the power, feeling and value of membership as told through a collection of high-profile Cardmember stories.

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FORT WORTH, Texas—-AMERICREDIT CORP. will be presenting at the 2008 FBR Capital Markets Fall Investor Conference in New York, N.Y., on Wednesday, Dec. 3, at 11:30 a.m. Eastern time.

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