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OTHER NEWS - Sept. 20, 1994

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From Times Staff and Wire Reports

Caesars World Inc. and restaurant chain Planet Hollywood Inc. said they are exploring opportunities in the hotel-casino business. . . . Kmart Corp. said it agreed to sell its 21.5% stake in Australian retailer Coles Myer back to the company for $937 million. . . . Cooper Industries Inc. said it will spin off its slumping petroleum and industrial equipment business into a separate company. . . . Herbert Haft filed a lawsuit accusing his son Ronald of misappropriating funds from the family-owned real estate company, Combined Properties Inc.

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