SECURITIES

Kidder, Peabody Agrees To Pay Maxus $125 Million: Kidder, Peabody & Co. has agreed to pay Maxus Energy Corp. $125 million to settle accusations of insider trading and fraud stemming from the Wall Street firm’s handling of a 1983 takeover. Maxus, a Dallas-based energy company, had asked for $2.2 billion from Kidder, Peabody and other defendants in a suit that went to trial in Dallas last week. Maxus announced that Kidder also agreed to pay Maxus $40 million for five-year warrants to purchase 8 million shares of Maxus common stock at $13 per share.