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The long-stalled sale of Conrail moved forward...

The long-stalled sale of Conrail moved forward when a divided House Energy and Commerce subcommittee passed a bill in a 10-8 vote calling for the sale of the government-owned railroad in a public stock offering . . . Trans World Airlines reported the completion of its acquisition of Ozark Air Lines . . . Lee Pharmaceuticals of El Monte declared a 100% stock dividend, payable Oct. 24 to shareholders of record Sept. 26.

Inside the business of entertainment

The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.

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