Hechinger said it would open the first two of 12 planned Home Quarters Warehouse stores in the Boston area on Sunday.

Western Union agreed to give 2,000 employees their jobs back when it signed a tentative labor contract that rescinded a four-day lockout of union workers.

Genentech said it reached an out-of-court settlement with Abbott Laboratories over Abbott's claim that Genentech infringed on two Abbott patents with the heart attack drug TPA. Terms were not disclosed.


Franklin National Bank purchased another District bank, Metropolitan Bank, to form a new bank with total assets of about $100 million.

Hadson Corp. agreed in principle for Logicon to acquire its Ultrasystems Defense subsidiary. Terms were not disclosed.


Young & Rubicam bought a majority interest in a Czechoslovak advertising agency and said the deal makes it the first Western ad firm with a full-service agency in Prague.

E-Systems, a major U.S. defense electronics company, announced a joint venture with three German companies to provide logistics and maintenance support for the Egrett aircraft program. The Egrett is an all-composite turboprop plane designed for high-altitude, long-endurance applications.

COURTS Print shop worker William N. Jackson and stockbroker Brian J. Callahan, who teamed up to buy stocks based on tips in Business Week before the magazine hit the street, were ordered to repay $28,655 and were fined $37,444.

REGULATION The SEC proposed a rule that would exempt foreign banks and insurance companies from a federal law requiring them to register as investment companies before selling securities in the United States. CONTRACTS Newport News Shipbuilding received a $1.1 billion Navy contract to refuel and overhaul the nuclear powered aircraft carrier USS Enterprise.

Pratt & Whitney received a $156 million Air Force contract for F-16 aircraft engines.


Jack Boorman was appointed director of the IMF's Exchange and Trade Relations Department. Boorman, 48, a U.S. citizen, has been deputy director of the department since 1987. He succeeds L.A. Whittome, who retired.

A former Teledyne executive, Cirino Giampapa, was charged with making false statements to the Pentagon in connection with a scheme to defraud the Navy on a helicopter contract.


A California couple dropped an unusual lawsuit in which they contended that Nissan had planted an automotive spy in their home to study the habits of middle-class Americans. Stephen and Maritza French withdrew the suit July 26 because they did not want to endure the stress of pursuing the litigation, their lawyer said.

Inc. magazine, which is designed to help people build small companies, plans to begin publishing a Russian-language edition in mid-1991.

Time Warner has suspended publication of Fortune France, the French language version of Fortune magazine that it has published since early 1988 in partnership with Hachette Filipacchi Group.