Also. . .

* Highland Bancorp of Burbank agreed to be acquired by Jackson Federal Bank, a unit of Britain’s Prudential, for $120 million in cash, or about $25.45 a share. Highland Bancorp, the holding company for Highland Federal Bank, also reported a 21% rise in first-quarter earnings to $2.91 million, or 67 cents a share. Highland Bancorp shares rose 81 cents to close at $24.06 on Nasdaq.

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* Waste Management Inc. reached an agreement to sell trash collection businesses, landfills and other assets in seven states for $110 million to closely held Waste Corp. of America to reduce debt.

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