RETAILING

L.A. Gear Settles Credit Deal: The athletic shoe and apparel company said it came one step closer to meeting requirements for a bailout by Trefoil Capital Investors, a group led by Roy E. Disney. L.A. Gear finalized an agreement with its bankers to reduce its $300-million line of credit to $200 million. The banks agreed to drop a requirement that the ailing firm turn a profit. By settling the credit question, L.A. Gear cleared the way to hand over 30% of its stock to Trefoil in exchange for a planned cash infusion of $100 million, which must be approved by shareholders in September. The bank credit plan is contingent on that deal going through.