Also. . .

* Sun Healthcare Group Inc., one of the largest U.S. nursing-home operators, filed for Chapter 11 Bankruptcy Court reorganization after it said changes in government health payments led to large losses and a crushing debt load; the petition lists more than $1.8 billion in assets and $2.1 billion in debts.

*

* Liz Claiborne Inc. and Donna Karan International Inc. entered a licensing pact to produce and distribute a new Karan line of career and casual clothing at “affordable” prices, a Karan spokesman said. Claiborne already makes and sells other Karan lines.