Also. . .
* Securities and Exchange Commission Chairman Arthur Levitt won unanimous approval by the Senate for a second term. Levitt has said one of his main priorities for his new term will be to refer more cases involving problem brokers for criminal prosecution.
* Teamsters leader Ken Hall plans to announce Sunday that he is running against James Hoffa Jr. for the presidency of the union. Hall was co-chairman of the union’s negotiating committee during last summer’s successful strike against United Parcel Service.
* Volkswagen trumped BMW’s preferred bid for Rolls-Royce Motor Cars with an offer of $600 million to $630 million, Reuters reported, citing sources close to the sale process. Rolls owner Vickers of Britain acknowledged it received VW’s new offer but refused to specify its value.
* A seat on the New York Stock Exchange sold for $1.6 million, down from a record $2 million last month.
* DSC Communications Corp. said Chief Executive and President James Donald will step down but remain as chairman. The news sent the phone equipment maker’s stock up $2.31 to close at $19.25 on Nasdaq.
* Qualcomm Inc. won a $117-million contract to make and supply digital phones--based on its code-division, multiple-access technology--to Globalstar for use in its global satellite system.