Gulf & Western Inc.: The New York-based...

Gulf & Western Inc.: The New York-based conglomerate said net earnings for the first quarter increased 7% to $69 million. Revenue rose 14% to $1.4 billion. The company said results were paced by a record performance from its consumer-commercial finance unit and significant contributions from Paramount movies such as “The Naked Gun” and “Scrooged” and television operations. These results more than offset normal seasonal losses from publishing-information operations, the company said.