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* MSC.Software Corp., a Santa Ana maker of simulation software, reported that net income for the fourth quarter rose 15% to $6.3million from $5.5 million a year earlier. Earnings per share fell to 21 cents from 34 cents, however, reflecting a larger number of shares outstanding in the latest period. Revenue increased 53% to $80.1million.

* Canon Inc. said it will close an inkjet printer plant in Tijuana, Mexico, that employs 417 people and a support office in Costa Mesa that employs 33. The Japanese company blamed increasing global competition and declining product prices. It plans to consolidate production in Thailand and Vietnam.

DuPont Co. was told by a West Virginia jury to pay $7million to the families of two victims of asbestos-related illnesses. The verdicts, delivered Friday in state court in Charleston, told the company to pay $6.4million and $600,000 in separate cases stemming from injuries related to DuPont’s facility in Belle, W. Va. DuPont said it responded promptly to the asbestos problem and would appeal the judgments.

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* Kmart Corp. won a federal bankruptcy judge’s permission to draw on a $2-billion bank loan, the biggest ever to a company reorganizing under Chapter 11, to help pay its more than 250,000 workers and hundreds of suppliers while reorganizing.

* US Airways Group Inc. hired David N. Siegel from Cendant Corp.’s Avis rental car unit as president and chief executive. Current CEO Stephen Wolf will remain as chairman, US Airways said.

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