OTHER NEWS - April 8, 1994

Fluor Corp. Sells Lead Mining Operation: The Irvine-based international engineering and construction company said the sale of its Doe Run Co. subsidiary to an affiliate of the Renco Group in New York would have no impact on the corporation’s earnings--meaning it likely sold for the $175 million at which Fluor valued the subsidiary’s assets. But Fluor still stands to glean big benefits from the sale: Renco has relieved Fluor of all liabilities from the mining and sale of lead products. Lead is a toxic metal and Fluor officials worried about the potentially huge cost of cleaning up mining and processing sites and of the potential for damaging litigation by workers and consumers who might claim their health had been injured by lead mined in Doe Run operations. Fluor’s common stock rose $1.625 to $53.75 a share on the New York Stock Exchange, closing at $53.75 a share. The Doe Run sale was announced after the market closed.