Bargainers for Chrysler and the United Auto...

Bargainers for Chrysler and the United Auto Workers recessed talks on a new labor contract until Aug. 27, with a top Chrysler official saying union proposals were costly and troublesome . . . Kaufman & Broad said it is studying the possibility of extending the deadline past today on its proposal to take over the $4.4-billion annuity business of Baldwin-United to give insurance regulators more time to evaluate the plan . . . Colgate-Palmolive said its stockholders tendered 46 million shares under the company’s offer to buy back 12 million, or 14.4%, of its own shares . . . Beverly Hills-based First City Industries said it completed its acquisition of Scovill Inc., a maker of consumer and industrial products . . . Sara Lee Corp. said it is discussing the sale of its troubled Shasta beverage division . . . Foothill Group, a Los Angeles-based finance and leasing company, announced that deposits at its Foothill Thrift & Loan unit are now insured by the FDIC . . . Montgomery Ward opened a store in Annapolis, Md., as a prototype to test its new specialty-store strategy . . . MCA Inc. said it plans to offer shareholders of LJN Toys $14.26 per share in its planned merger. MCA already owns 98% of LJN . . . Money-market fund assets fell $680 million in the latest week to $209.4 billion, the Investment Company Institute reported.