City of Industry-based Applied Solar Energy Corp....
From Times Staff and Wire Reports
City of Industry-based Applied Solar Energy Corp. said McDonnell Douglas Corp. has decided against its previously announced plan to buy Applied Solar for $38 million. No reason was given for the termination . . . Dallas-based Southland Corp. said it signed a definitive agreement to sell its half interest in Citgo Petroleum Corp. for $661.5 million in cash to the Venezuelan state-owned oil company . . . Peoria, Ill.-based Caterpillar Inc. said its fourth-quarter profit per share would likely be less than the $1.07 reported in the third quarter.
