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Loews Corp. increased its stake in CBS...

Loews Corp. increased its stake in CBS Inc. to 16.7% . . . TransTechnology Corp. said that its tender offer for Lundy Electronics & Systems stock expired Monday and that it holds 94% of Lundy’s outstanding shares . . . Union Bancorp of Los Angeles will issue 120 shares of preferred stock to raise about $500 million to finance a portion of its purchase of United Bankcorp of Arizona.


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