OTHER NEWS - Sept. 14, 1994

The California Public Employees Retirement System said it will announce the name of its new chief executive by the end of the week. . . . Responding to tourist concerns about crime and safety, Avis said it will equip its rental cars in the Miami area with high-tech guidance and security systems. . . . The Clinton Administration and the nation’s largest organization of mortgage lenders are set to announce an accord today launching a voluntary program geared toward boosting lending to minority communities. . . . The Holiday Inn chain said it could lose as many as 80 hotels in North America as its British parent company, Bass, demands that franchisees upgrade operations under a new strategic initiative. . . . The $2.2-billion merger between El Paso Electric Co. and Central & South West Corp. is in serious trouble, partly because of a New Mexico town’s efforts to drop El Paso Electric, the utilities said. . . . Pitney Bowes said it plans tosell its Dictaphone voice mail and Monarch bar code operations and concentrate on its core businesses, document processing and management and financial services.