Standard & Poor’s said it raised the...

Standard & Poor’s said it raised the senior debt rating of Warner Communications to BBB- from BB+ and Warner’s subordinated debt rating to BB+ from BB- . . . Amerada Hess reported that it expects a substantial first-quarter loss because of falling oil prices and will omit its quarterly dividend, which would have been payable March 31 . . . Homestead Financial Corp. of San Francisco declared a 5-for-4 stock split and will maintain its 10-cent regular quarterly dividend on the new outstanding shares, both payable April 7 to shareholders of record March 21 . . . First Family Group, parent of 12 ATA Superstores in Southern California, sold out 1.25 million shares of common stock in an initial public offering at $14 a share . . . Keycorp of Albany, N.Y., reported that it has signed a definitive agreement to acquire Seattle Trust & Savings Bank, Seattle, for about $74 million.