The U.S. Senate rejected, 60 to 38,...
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The U.S. Senate rejected, 60 to 38, increasing grazing fees on the federal government’s 268 million acres of rangeland to $5.13 per cow and calf by 1996 from the rate now of $1.97. . . . About 400 employees of Buffalo, N.Y.-based Marine Midland Bank have been laid off as part of a corporate restructuring, the company announced. . . . The Santa Monica agency Suissa & Associates has been handed the estimated $6-million Hollywood Park advertising business. . . . Deere & Co. said it will close its John Deere Foundry in East Moline, Ill., and take an after-tax charge of $25 million in the fourth quarter ending Oct. 31. . . . Standard & Poor’s Corp. said it raised its ratings on Hertz Corp.’s senior unsecured debt to BBB+ from BBB.
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