Prodigy, the electronic computer service, offered to reinstate a group of a dozen subscribers whose services were cut off after they protested the company's new policy of charging fees for electronic mail. A spokesman for the joint venture of IBM and Sears said the new fees will still apply.
British Steel agreed to buy the 90 percent of Tuscaloosa Steel Corp. it doesn't already own from the Alabama-based company's other shareholders. The price was not disclosed.
Georgia-Pacific employees began an effort to take over the company via an employee stock ownership plan, a move that officials of the paper products giant said had no chance of succeeding and they were not taking seriously.
Fleet/Norstar Financial cut its quarterly dividend 43 percent, to 20 cents a share, and adopted antitakeover measures.
Time Warner and NBC will merge their proposed cable TV channels devoted to covering the legal system into a single courtroom network and start it next summer.
Guinness agreed to buy Spain's largest brewer, La Cruz del Campo, for $1.02 billion, in a deal that will make the British company the world's 12th-largest brewer.
Litton and Rockwell confirmed layoffs in California. Litton said it cut 600 of 6,000 jobs over the past year, and Rockwell said it cut 161 jobs at its Rocketdyne division. The New York Daily News was dealt a severe blow as Macy's announced it had decided to stop advertising in the strikebound tabloid, union officials said. Mortgage rates dropped into the single digits for the first time since last August as rates on 30-year fixed home loans fell this week to 9.93 percent from 10.02 percent. One-year adjustable-rate notes dipped to 8.08 percent from 8.11 percent, the Federal Home Loan Mortgage Corp. said. END NOTESThe British government said it hopes to raise $10.2 billion in the first stage of its program to sell the country's electric utility industry to investors. END NOTESArgentina will sell the state airline Aerolineas Argentinas to a consortia led by the Spanish carrier Iberia. END NOTESNews Corp., the holding company for Rupert Murdoch's global media empire, had its subsidiaries' long-term ratings on securities downgraded by Moody's Investors Service, which cited "weakening media and entertainment operating margins." Christmas tree prices will be only a little higher than a year ago, an official with the National Christmas Tree Association said.