Also

* Japan’s top telecommunications company, Nippon Telegraph & Telephone Corp., said it will eliminate 17,000 jobs, or 7.8% of its work force, as part of a three-year plan to revive its business.

* United Airlines parent UAL Corp.’s first-quarter net loss widened to $510 million, or $9.22 a share, from a loss of $313 million, or $5.97, a year ago, as the carrier flew fewer passengers and cut ticket prices to spur demand after the Sept. 11 attacks. Revenue plunged 26% to $3.29 billion. UAL’s operating loss was $487 million, or $8.81 a share, better than the $10.24 estimate of analysts.

* Alaska Air Group Inc., parent of Alaska Airlines and regional carrier Horizon Air with mainly West Coast routes, said its loss widened to $34.4 million, or $1.30 a share, from $33.1 million, or $1.25 a share, a year ago. Analysts expected a loss of $1.53. Revenue dropped 3.7% to $496.9 million.

* Delta Air Lines Inc., US Airways Group Inc. and Continental Airlines Inc. matched AMR Corp.’s American Airlines in raising leisure fares $20, as they try for the second time this month to revive revenue after Sept. 11.

* Citigroup Inc.’s unit Grupo Financiero Banamex said it is preparing to launch binational bank accounts for Mexican workers living in the United States.

* Thales Raytheon Systems of El Segundo reached a deal to sell radar systems worth about $140 million to French defense electronics group Thales. Thales Raytheon is Thales’ joint venture with Raytheon Co., the aerospace and defense giant based in Lexington, Mass.

* Compaq Computer Corp. has been asked by the U.S. Securities and Exchange Commission to preserve documents related to its $20.1-billion acquisition by rival Hewlett-Packard Co. The request follows a disclosure by Hewlett-Packard this week that the SEC and the U.S. attorney’s office in Manhattan are seeking information about votes on the proposed Hewlett-Compaq merger by Deutsche Bank and Northern Trust Corp.

* Equity Office Properties Trust, the largest U.S. office building owner, said its chief executive has resigned for personal reasons, and real estate mogul Samuel Zell, its chairman, has assumed that post on an interim basis.

* Univision Music Group, the record arm of Spanish-language broadcaster Univision Communications Inc., closed an estimated $210-million deal to acquire Latin music powerhouse Fonovisa Records. Insiders expect Fonovisa to strike a distribution deal with Vivendi Universal’s Universal Music Group, but the Latin label could opt to continue handling its own distribution.

* ICN Pharmaceuticals Inc. doubled the bonus for Chief Executive Milan Panic last year amid proxy battles and an ongoing fraud investigation by U.S. regulators. Panic’s bonus rose to $1 million from $478,700. The drug maker, which makes the ribavirin hepatitis C drug, also raised Panic’s salary to $901,446 from $750,366, according to a filing with the SEC.