Jerry Perenchio said he has completed the...

Jerry Perenchio said he has completed the purchase of the Loews Theatre division from Loews Corp. . . . Standard & Poor’s said it affirmed Times Mirror’s senior debt rating at AA- and its commercial paper rating at A1+ . . . Associated Dry Goods reported that it has completed the sale of its Powers division to Allied Stores . . . Bio-Rad Laboratories of Richmond, Calif., declared a 3-for-2 stock split on both its class A and class B common stock, payable July 31 to stockholders of record July 22.