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CBS MarketWatch taps new editor

Financial news Web site CBS MarketWatch.com named David Callaway as its new editor in chief. Callaway, who has been executive editor for the past three years, will replace Thom Calandra, who will become the site's chief commentator.

Calandra has been writing the site's "StockWatch" column for the past five years. He will now focus on his weekly online subscription newsletter, "The Calandra Report," while continuing to offer commentary on MarketWatch's syndicated television show.