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Standard & Poor’s Corp. said it placed...

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From Times Staff and Wire Service Reports

Standard & Poor’s Corp. said it placed Consolidated Freightways Inc.’s ratings on credit watch with negative implications after release of the San Francisco firm’s weaker-than-expected 1989 earnings . . . The Investment Company Institute reported that the assets of the nation’s 493 money market mutual funds rose $1.54 billion in the week ended Jan. 31 to a record high of $384.60 billion.

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