ALSO

* General Motors Corp.’s Delphi Automotive Systems, the world’s largest auto parts maker, agreed to buy AlliedSignal Inc.’s 50% stake in their automotive catalysts joint venture, helping Delphi build more-complete emission systems. Terms weren’t disclosed. The venture, called ASEC, was formed in 1994.

* Interstate Bakeries Corp., the nation’s largest wholesale baking company, agreed to buy Drake’s bakery, adding the maker of Devil Dogs and Yankee Doodles snack cakes to a lineup that includes Hostess Twinkies and Wonder Bread. Terms of the all-cash transaction with Drake’s owner, Culinar Inc., a closely held Canadian company, weren’t disclosed.

* Cannondale Corp. said its fiscal fourth-quarter profit will miss analysts’ estimates by as much as 20 cents, or 55%, because of higher-than-expected costs for developing an off-road motorcycle, its first motorized vehicle. The bicycle maker was expected to earn 36 cents a share, according to First Call. It earned 42 cents per share, or $4.3 million, a year ago.

* Stanley Works, the world’s largest toolmaker, said its second-quarter profit will be less than the 63 cents a share analysts expected, as large customers cut orders and the company had trouble delivering new products. Earnings will be “moderately above” the $50 million, or 55 cents a share, earned a year ago, it said.

* Royal Caribbean Cruises Ltd. said it will split its stock 2 for 1, the cruise operator’s first split, as its shares trade at a record high. Shares rose $3.44 to close at $78.50 on the NYSE.