OTHER NEWS - Sept. 26, 1995

Raytheon Co. said it signed an agreement to sell its D.C. Heath educational publishing unit to Houghton Mifflin Co. for $455 million in cash. . . . Republic New York Corp. said it agreed to buy Brooklyn Bancorp Inc. and its CrossLand Federal Savings Bank unit for $529.6 million in cash. . . . Bally Gaming International Inc. said WMS Industries Inc. raised its takeover bid for the slot and video gaming machine maker to about $142 million. . . . PaineWebber Group Inc. said it plans to cut about 150 jobs in all areas of the securities firm as part of a broad cost-cutting program. . . . Ford Motor Co. is recalling 259,000 Lincoln Town Cars from the 1990-92 model years to repair hood latch parts that could fail and cause the vehicles’ hoods to come open while driving. . . . Vincent Bajakian, manager of the $11.6-billion Vanguard/Wellington Fund, died Sunday when the private plane he was piloting crashed shortly after takeoff from Farmingdale, N.Y.