The U.S. Senate rejected, 60 to 38,...
From Times Staff and Wire Reports
The U.S. Senate rejected, 60 to 38, increasing grazing fees on the federal government’s 268 million acres of rangeland to $5.13 per cow and calf by 1996 from the rate now of $1.97. . . . About 400 employees of Buffalo, N.Y.-based Marine Midland Bank have been laid off as part of a corporate restructuring, the company announced. . . . The Santa Monica agency Suissa & Associates has been handed the estimated $6-million Hollywood Park advertising business. . . . Deere & Co. said it will close its John Deere Foundry in East Moline, Ill., and take an after-tax charge of $25 million in the fourth quarter ending Oct. 31. . . . Standard & Poor’s Corp. said it raised its ratings on Hertz Corp.’s senior unsecured debt to BBB+ from BBB.
