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Iberia Air Lines of Spain will purchase...

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Iberia Air Lines of Spain will purchase eight of Airbus Industrie’s long-range A340 commercial jets with an option to buy four others in a deal worth $700 million. The four-engine aircraft will be delivered to the Spanish national carrier from 1994 onward . . .

The Federal Reserve reported that the average yield for one-year T-bills, the most popular index for making changes in adjustable rate mortgages, fell to 8.35% last week from 8.38% the week before.

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