OTHER NEWS - Dec. 28, 1993
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Oshman’s Sporting Goods Inc. said it expects to report a fourth-quarter loss due to the cost of closing 33 retail stores. . . . The J. Paul Getty Trust plans to enter the credit markets for the first time with the sale of $110 million in tax-exempt certificates to fund a new museum in Malibu. . . . Host Marriott Corp., the real estate company created when Marriott Corp. split into two companies in October, said it will issue about $150 million in new stock so it can buy more hotels. . . . Radio Shack, a division of Tandy Corp., said it signed an agreement with Trident Group Inc. to distribute and market its consumer electronics products in Russia. . . . Merrill Lynch & Co. ranked first among municipal bond underwriters in 1993 as the federal government investigated the industry’s sales practices. . . . The assets of the 654 retail money market mutual funds decreased by $2.59 billion to $395.73 billion for the week ended Dec. 22, the Investment Company Institute said.
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