Shamrock Holdings of California said it raised...

Shamrock Holdings of California said it raised its stake in Holly Sugar Corp. to 6.8% from 5.5% . . . Santa Fe Southern Pacific reached a binding agreement with Denver & Rio Grande Western Railroad in which the Denver railway would support the merger of Santa Fe Southern’s rail subsidiaries in exchange for certain trackage rights . . . Eastman Kodak said it would take an after-tax charge against 1986 earnings of $225 million--25% more than previously stated--to cover the cost of the company’s work force reduction program . . . JAT, the national airline of Yugoslavia, agreed to buy two MD-11 jetliners, McDonnell Douglas’ new generation jetliner and took options on three more in a deal valued at about $500 million . . . The Federal Reserve reported that the average yield for one-year T-bills fell to 5.69% last week, down from 5.76% in the week before.