Ford Motor Co. executive John Betti will...

Ford Motor Co. executive John Betti will be nominated as the top procurement officer for the Defense Department, according to published reports . . . Litton Industries said it paid $40 million to Saudi Arabia’s Ministry of Defense under a court settlement involving a dispute over the quality of an air defense system the company installed . . . Ventura Entertainment Group of Los Angeles has signed a letter of intent to buy the Osmond Media Center in Orem, Utah, from the Osmond family of entertainers for $6.6 million . . . B-2 stealth bombers will cost more than $530 million each, according to declassified Air Force cost figures; the service plans to build 132 of the radar-evading planes at a total cost of $70 billion, an increase from an earlier estimate of $67.7 billion.