Multimedia said it has obtained court approval...

Multimedia said it has obtained court approval for its $890-million recapitalization plan . . . GTE Telenet and two Japanese companies, Intec and Sumitomo, have agreed to form a joint multinational electronic messaging service venture to be headquartered in Japan . . . Resorts International said it plans to purchase debentures of Pan American World Airways, which will raise its stake in the carrier to the equivalent of 12.8% . . . Martin Marietta has authorized the repurchase of up to 3 million shares of its own common stock, or 5% of the about 58 million shares currently outstanding.