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* Iomega Corp., which makes removable devices that store computer data, cut prices on its Jaz disks and disk drives by as much as 26% in an effort to boost slumping sales at the once-highflying company.

* Tele-Communications Inc. said Controller Gary Bracken will retire at the end of July after 29 years with the cable TV company. Ann Koets, executive vice president of finance, will assume responsibility for the company’s accounting functions.

* Union Pacific Corp. said L. White Matthews III, chief financial officer of the rail company, resigned “to pursue personal interests.”

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