ITT Corp. reported that it expects first-quarter...

ITT Corp. reported that it expects first-quarter 1985 earnings of about 75 cents per share, compared to 52 cents per share for the same period of 1984 . . . Metropolitan Life Insurance, New York, reported that it has established a wholly owned subsidiary to acquire and develop HMOs throughout the United States. The new company, named MetLife HealthCare Management, will be based in St. Louis . . . San Jose-based Priam Corp. reported that it laid off about 100 of its 1,500 employees.