The World Bank delayed consideration of a $160.2-million loan to China until officials had concluded an on-the-spot assessment . . . United Express will begin four daily nonstop jet flights to Los Angeles from the Sonoma County Airport on Aug. 1 . . . Turner Broadcasting Systems Inc. has hired Merrill Lynch Capital Markets to help sell CNN Center, which houses the headquarters of Cable News Network, in a move to raise cash and lower debt, recently listed at about $1.3 billion . . . Baker Hughes Inc. reported that the number of U.S. rigs looking for oil and gas, a leading barometer of the energy industry, rose by 4 to 795 for the week ended June 16, versus 905 rigs a year ago . . . The Federal Reserve reported that the average yield for one-year T-bills, the most popular index for making changes in adjustable rate mortgages, rose to 8.45% last week, up from 8.4% the week before . . .
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