Money market fund assets climbed $3.67 billion to $389.91 billion in the latest reporting week, the Investment Company Institute said.
Ford, opening contract talks with the United Auto Workers, said it probably wouldn't eliminate plant overtime that the UAW claims is straining employees.
Business Week unveiled a Russian language edition as the first Western magazine to be printed in the Soviet Union. The publication, which will be sold at kiosks for about $8, is a joint venture between Business Week publisher McGraw Hill Inc. and Kniga Publishers, a unit of the U.S.S.R. State Committee for Publishing, Printing and Book Trade in Moscow.
Chrysler said it expects "a substantial loss in the third quarter."
Dalkon Shield Claimants Trust entered into a contract with the Breland Insurance Trust to administer and process Dalkon Shield claims related to the Breland class action against Aetna Life & Casualty Co., the IUD's insurer.
MCA said it has agreed to acquire a minority stake in Harvey Comics Entertainment, the company that publishes cartoon characters including Casper the Friendly Ghost and Richie Rich. Terms were not disclosed.
Scripps Howard Broadcasting of Cincinnati said it signed a letter of intent to buy television station WMAR of Baltimore from Gillett Group Inc. for $154.7 million. It expects the transaction to be completed before the end of 1991.
Fujitsu, Japan's biggest computer maker, is negotiating to buy a controlling stake in International Computers Ltd., Britain's leading computer manufacturer. A majority interest is likely to cost more than $1 billion.
Edwin T. McBirney III, former Sunbelt Savings Association of Texas chairman, pleaded not guilty to bank fraud charges stemming from his efforts to finance a $700 million real estate deal in California. Sunbelt was taken over by government regulators in 1986 and failed two years later after a takeover estimated to cost taxpayers $2 billion.
Mario Rios Pinochet, formerly a vice president in charge of safeguarding assets at Citibank, was sentenced to eight years in prison by a federal judge in Manhattan for stealing $25 million from a bank vault.
SEC Chairman Richard Breeden told a Senate Banking Committee hearing that a proposed tax on securities transactions could "do some damage" to the capital markets by driving business overseas.
Martin Marietta Information Systems Group won a $138 million contract from the U.S. Postal Service to produce 614 automated sorting machines.
Grumman received a $115 million Navy contract for EA-6B aircraft electronics equipment.
AT&T reported its second-quarter earnings fell 6.4 percent.
Georgia-Pacific said its second-quarter earnings were down 38 percent.
BankAmerica reported a 12 percent decline in second-quarter earnings.
Waste Management reported second-quarter earnings rose 26 percent.
Schlumberger said second-quarter earnings rose 14.2 percent.
American Express reported second-quarter earnings of $320 million compared with $316 million in the year-ago period.
Lockheed posted second-quarter earnings of $81 million, up slightly from earnings of $80 million in the year-ago quarter.
Unisys said second-quarter earnings fell 78 percent.