Atlantic Richfield told analysts that first-quarter profits...

Atlantic Richfield told analysts that first-quarter profits will “comfortably” exceed $182 million, well above the previous three quarters when the oil price collapse depressed earnings . . . Times Mirror Co. said it completed the sale of about 26,000 acres of Oregon timberland to Longview Fibre Co. as part of an ongoing program to sell its timberland holdings. Terms were not disclosed . . . Renault said it cut its 1986 losses in half and expects to be profitable this year . . . MCA Inc.’s LJN Toys unit said it acquired Al’es, an Italian toy company, from the Fassi family . . . A group of banks agreed to provide up to $2 billion to USAir Group to finance its acquisition of Piedmont Aviation and Pacific Southwest Airlines . . . Vons filed a registration statement for a $240-million debt offering with the Securities and Exchange Commission.