Also. . .

* Cendant Corp. filed suit against accounting giant Ernst & Young, accusing it of negligently failing to detect bogus revenue that decimated the franchiser’s stock and prompted a massive investor lawsuit. Cendant is seeking unspecified damages from Ernst & Young for money it lost in the accounting scandal at former CUC International Inc., one of the companies that merged to create Cendant in December 1997.

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* British media giant Pearson said it wants to sell several Simon & Schuster reference and business publishing divisions it acquired in November from Viacom Inc. The units include titles such as Webster’s New World Dictionary and Betty Crocker cookbooks and had sales of $250 million in 1997. An $860-million sale deal with Dallas-based venture capital firm Hicks, Muse, Tate & Furst collapsed in November.

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* Continental Airlines has joined United Airlines and Delta Air Lines in restricting certain round-trip domestic fares spanning the 1999 holiday travel season, making nonrefundable full-price coach and first-class tickets for travel between Dec. 23 and Jan. 10.

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* Archer-Daniels-Midland Co. Chairman Dwayne Andreas, 80, has stepped down, the Decatur, Ill.-based company said. Andreas headed the ADM board for 28 years and is credited with building the corporation into an agribusiness powerhouse. Andreas will be replaced by nephew and Chief Executive Allen Andreas, 55. Dwayne Andreas’ son Michael--on leave as an executive vice president--had been thought to be a potential heir to the chairmanship before he and two former employees were convicted last fall on federal price-fixing charges.

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* Building products company Johns Manville Corp., which was nearly devastated by asbestos litigation in the 1980s, said it will explore a possible sale or merger.

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* Pfizer Inc. said Viagra, its impotence drug, won approval for sale in Japan.