OTHER NEWS - Dec. 5, 1991
General Motors Corp. sought federal approval to double to $1.5 billion the amount of preference stock it can sell in future offerings . . . A stock offering by French fashion house Christian Dior met with strong demand, with Japanese investors rushing to add a famous label to their portfolios . . . Dallas-based LTV Corp. has agreed to sell its AM General Corp. unit, which makes the Hummer military vehicle, to Renco Group Inc. of New York, for an undisclosed price. . . . Atlanta-based Turner Broadcasting System Inc. completed its acquisition of animation giant Hanna-Barbera Inc., Hanna-Barbera’s vast animated entertainment library and distribution rights to its material for $320 million . . . National Steel Corp., the nation’s fourth-largest steelmaker, said it is moving its headquarters to Mishawaka, Ind., from Pittsburgh to be closer to its mills and customers.
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