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Times Staff and Wire Reports

Henkel said it wants to buy the remaining two-thirds of Loctite Corp. for $1.1 billion, or $56 a share, in a move to build up its adhesives business by buying the largest competitor. . . . Merrill Lynch & Co. said its chairman, Daniel Tully, will retire next year and be replaced by David Komansky, who is currently president and chief operating officer. . . . American Express Co. said its third-quarter profits rose to $458 million, or 95 cents per share, from $416 million, or 83 cents per share, a year ago. . . . Drugstore giant Revco D.S. Inc. said it agreed to buy regional chain Big B Inc. in a sweetened takeover valued at $380 million. . . . Mercantile Bancorp Inc. said it agreed to buy Mark Twain Bancshares Inc. in a deal valued at $855 million. . . . Northern Electric said it rejected CalEnergy Co.’s $1.2-billion bid.

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