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OTHER NEWS - Feb. 15, 1994

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From Times Staff and Wire Reports

Ford Motor Co. said it plans to take majority control of Hertz by acquiring Commerzbank’s 5% stake in the company. Terms of the deal with the German bank were not disclosed . . . Motorola Inc. said its Microprocessor and Memory Technologies Group cut prices for all versions of its 68302 communications computer processors by as much as 28%. The 302 chips are now priced as low as $14.95 in quantities of 10,000 . . . RIO Sportswear Inc. has agreed to buy Calvin Klein Inc.’s jeans business for an initial cash payment of $35 million and royalties based on future sales. Calvin Klein will continue to control design and promotion for the jeans business.

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