OTHER NEWS - July 8, 1991
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From Times Staff and Wire Reports
Palo Alto-based Coherent Inc. said it expects a loss of 20 to 35 cents a share for its third quarter ended June 29 . . . Baker Hughes of Houston said the number of working oil and gas rigs in the United States dropped by 22 to 859, 152 less than the 1,011 rigs working a year ago . . . The Investment Company Institute reported that the assets of the nation’s 552 money market mutual funds decreased by $2.05 billion to $452.25 billion for the week ended July 2.
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