C. F. Braun & Co. announced the...

C. F. Braun & Co. announced the adoption of a new company name, Santa Fe Braun Inc., and the opening of new process and production engineering operations offices in London . . . An investment group including Westwood Savings & Loan Assn. and WSL Financial Corp. said it sold its entire 9.8% stake in Financial Corp. of Santa Barbara . . . Standard & Poor’s reduced Turner Broadcasting System’s subordinated debt rating to CCC from B-, affecting about $200 million of debt . . . TRE Corp. of Los Angeles is selling its semiconductor equipment operations for an undisclosed amount to American Semiconductor Equipment Technologies . . . National Steel and Bethlehem Steel will boost base prices by 2.9% to 3.7% for sheet steel products.