OTHER NEWS - Aug. 12, 1993

Eaton Corp. to Buy Westinghouse Unit for $1.1 Billion: Westinghouse Electric Corp. took another big step in its push to pay off heavy debt, agreeing to sell its Pittsburgh-based distribution and controls division to the Cleveland-based manufacturer of auto and industrial parts. Westinghouse, which has interests in defense electronics, power plants, broadcasting and other businesses, has been strained by losses in its financial services units. It announced plans last fall to sell the distribution and controls unit and three other divisions to cut debt by more than $5 billion. The unit, which manufactures electrical distribution equipment and industrial controls, will be combined with Eaton’s distribution and controls unit to create a business with projected sales of $1.6 billion.