ECONOMY Sales of domestically made vehicles during late November fell 20.8 percent, bringing sales for the full month down 2.6 percent below year-ago levels. COMPANIES First Maryland Bancorp., parent of First National Bank of Maryland, said it will acquire a 4.9 percent stake in the Development Bank of Washington, which is being organized to serve Adams-Morgan. END NOTES AT&T will extend its offer to waive annual fees on the company's Universal credit card through March 26. First Boston laid off 55 employees in its fixed-income department as part of a company-wide downsizing. Ford has indefinitely laid off about 2,000 workers at an assembly plant in Chicago because a strike in Indiana has reduced the flow of parts. LTV Steel is closing three production units at its Cleveland plant and laying off about 900 employees. Inland Steel will close a 74-year-old steel mill in East Chicago in March if business conditions don't improve. The move would affect about 300 hourly and 25 salaried workers. Prudential-Bache Securities will shut down its risk-arbitrage operations, in the process losing arbitrageur Guy Wyser-Pratte, one of the best-known on Wall Street. ACQUISITIONS NCR's board will meet today to discuss AT&T's latest offer to buy the company. While the board unanimously rejected a previous $85-per-share offer from AT&T, the latest, $90-a-share proposal has yet to be formally voted. Meanwhile, the Communications Workers of America, the main labor union at AT&T, offered to help NCR fend off AT&T's takeover proposal. The union said it feared AT&T plants would be closed if the deal goes through. INTERNATIONAL Japan's economy grew 1.0 percent in the third quarter, reflecting falling corporate investment and personal consumption, the Economic Planning Agency reported. British Airways is seeking to create a new Berlin-based airline that would compete with Lufthansa. British Airways would hold a 49 percent stake in the new carrier and unspecified German investors would own the rest. REGULATION A federal bankruptcy judge limited former partners and senior principals of the accounting firm Laventhol & Horwath, who may be liable for the debts of the firm, from transferring any of their personal assets or using more than $6,000 each in setting up new accounting practices. Bank of New England reached agreement with the SEC over allegations the firm failed to properly disclose financial problems. The terms of the agreement were not disclosed. The Federal Trade Commission cleared Pennzoil to proceed with plans to boost its 8.8 percent stake in Chevron. C&P Telephone asked Maryland officials to reconsider their decision allowing state residents to block their numbers from being displayed on the phones of the people they call. CONTRACTS McDonnell Douglas signed a contract with a potential value of more than $300 million to equip Marine Corps AV-8B Harrier II aircraft with a radar system.