Money market assets rose by $3.76 billion to $415.11 billion in the week ended Wednesday, the Investment Company Institute reported.
Bonneau Co. of Dallas has offered to pay $9 million for the assets of Foster Grant, including its name and trademark. Foster Grant sought Chapter 11 bankruptcy court protection from creditors in August.
Pan Am said it will match Northwest Airlines's 5.8 percent rise in domestic fares, starting Oct. 31.
KPMG Peat Marwick, the accounting firm, said it will open an office in Moscow by the end of the year.
Pizza Hut plans to open at least 100 new restaurants in Brazil as a result of an agreement signed with a South American investor, a spokesman said.
Sixteen companies, including a dozen foreign concerns, qualified to bid for the government-owned telephone company in Mexico in a sale that could bring the government more than $4 billion, the Finance Ministry said.
The president signed the Telephone Operator Consumer Services Improvement Act of 1990, aimed at preventing consumer abuse in the $10 billion to $12 billion pay phone industry.
Sen. Donald Riegle, chairman of the Senate Banking Committee, urged regulators to use its authority to close a loophole allowing thrifts to escape the reforms of last year's thrift cleanup bill by converting their charters under state laws to savings banks.
COURTS Mobil's chief executive officer, Allen E. Murray, testifying in a wrongful firing suit, said that he knew nothing about an employee who said he was fired for not going along with an alleged coverup of environmental problems at a company plant.
Amoco reported a 58 percent rise in third-quarter earnings.
AT&T said its profit rose 2 percent in the third quarter.
BankAmerica reported an 11 percent rise in third-quarter earnings.
Bell Atlantic's earnings rose about 4 percent in the third quarter and almost 6 percent for the first nine months.
Caterpillar reported a 50 percent drop in third-quarter profits. For the first nine months, Caterpillar's profits totaled $199 million, down from $390 million last year.
Digital Equipment reported an 82.6 percent decline in first-quarter earnings.
Dow Chemical said its third-quarter profit dropped 52 percent.
Lockheed reported third-quarter earnings of $86 million compared with a loss of $31 million for the year-ago quarter.
Michelin said it expects to post a net loss of more than $440 million this year. Michelin attributed the sharp erosion to the company's $1.5 billion takeover of Uniroyal Goodrich Tire last year, weaker car and tire markets, and the appreciation of the franc against other currencies.
R.H. Macy & Co. will announce a fiscal-year loss later this month of $215.3 million, compared with a loss of $63 million the previous year, according to Newsday, which cited documents given to apparel-industry bankers.
Waste Management said third-quarter profits rose 26 percent.
Northwestern University's business school was ranked the top U.S. business school for the second consecutive year in a survey of graduates of prominent schools and corporate recruiters. Next came the University of Pennsylvania, Harvard, the University of Chicago and Stanford.