Also

* K2 Inc., the Los Angeles-based ski and snowboard maker, said it completed its purchase of Rawlings Sporting Goods Co., the official supplier of Major League baseballs and a manufacturer of other baseball equipment, for about $70.7 million in stock.

* WorldCom Inc. had net income of $155 million in January as reorganization expenses fell. The earnings, the company’s first since filing for bankruptcy protection, contrasted with a net loss of $580 million in December, WorldCom said. Sales slipped 1.8% to $2.16 billion.

* Key3Media Group Inc. said it received final court approval for $30-million debtor-in-possession financing to be provided by Thomas Weisel Capital Partners.

* Schering-Plough Corp. said it would license its patents for the ribavirin hepatitis C treatment to Teva Pharmaceutical Industries Ltd. and Novartis, ending lawsuits among the companies.

* Liberty Media Corp. director Kim Magness, son of the late founder of Tele-Communications Inc., resigned from the company’s board after his arrest on suspicion of drug possession in Colorado.

* A federal judge in Houston granted Andrew S. Fastow protection from civil lawsuits pending resolution of a 78-count indictment alleging that he masterminded the financial schemes that fueled Enron Corp.’s failure.

* Conexant Systems Inc. will record a charge of $573.2 million in its first fiscal quarter to write down goodwill related to its Mindspeed Technologies unit, the chip maker said in a filing with regulators.

* Qualcomm Inc. of San Diego may not be able to earn patent fees on a faster mobile phone being developed by Siemens in China because of a dispute over how much of its technology is being used, Siemens’ Chinese partner said.

* Broadcom Corp. of Irvine named Duane Dickhut head of its business that makes chips for computer servers.