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* A U.S. foreign investment review panel has cleared a bid by Japanese electronics maker Toshiba Corp. for a controlling stake in Westinghouse, the U.S. power plant arm of British Nuclear Fuels.

* The boards of Lexar Media and Micron Technology Inc. approved sweetened terms for their proposed merger deal despite opposition from shareholder Carl Icahn.

* Power producer Calpine Corp., which is under bankruptcy protection, lost about $371 million in January, the company said in a regulatory filing, largely on operating expenses and reorganization items.

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* Image Entertainment Inc., a movie distributor that fended off a takeover bid last year from rival Lions Gate Entertainment Corp., must have all directors stand for reelection at its annual meeting, a judge ruled.

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