Braniff President Ronald L. Ridgeway told stockholders...

Braniff President Ronald L. Ridgeway told stockholders that despite “kamikaze fare wars,” the company expects to be “slightly profitable” this year . . . Guinness Ireland Ltd. signed an agreement to distribute and brew Anheuser-Busch’s Budweiser beer in Ireland . . . Phillips Petroleum said it is negotiating with Royal Dutch Shell Group to sell it some of its assets . . Times Mirror Co. said it completed the sale of its interest in Community Cable TV to members of the Greenspun family of Las Vegas . . . Eastern Airlines said its 11,000 passenger service employees--reservation clerks, airport agents and skycaps--rejected union representation in a federally mediated election . . . Jefferies Group, a Los Angeles-based securities firm, reached an agreement in principle to acquire a 50% interest in Pacific Equity Group, which has offices in New York, Hong Kong and Australia. . . Comdata Network said that it has been approached by possible buyers but that no discussions have taken place and none are scheduled . . . Wedge Group, a Houston investment firm, says it holds a 5.5% stake in American Medical International but “doesn’t presently intend to seek to acquire control.”. . . An-Con Genetics completed its previously announced acquisition of Ultima Electronics and said its Ultima subsidiary entered into an agreement to acquire privately held Dynasem . . . Citicorp said it had accepted tenders for about 94% of Quotron’s outstanding stock when its $19-per-share tender offer expired.