Responding to news of merger talks between...

Responding to news of merger talks between Lorimar Telepictures and Warner Communications, Standard & Poor’s has placed Lorimar’s subordinated debt on Creditwatch “with developing implications,” while Moody’s placed the debt under review “with direction uncertain” . . . Delta Air Lines Inc. of Atlanta said it has acquired 20% of the voting securities of SkyWest Inc. of Salt Lake City.