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* Life Financial Corp., a sub-prime mortgage and home equity lender based in Riverside, has agreed to be acquired by FirstPlus Financial Group Inc. of Dallas for about $138 million in stock.
* CALPERS, California’s large public pension fund, said it will vote against Marriott International Inc.’s plan to combine its food-service business with France’s Sodexho Alliance, because the fund opposes anti-takeover defenses tied to the merger.
* Williams-Sonoma Inc. reported a surprisingly large jump in fiscal fourth-quarter profit and announced a 2-for-1 stock split. The San Francisco-based retailer of kitchenware and cooking supplies said net income rose to $34.3 million, or $1.21 per diluted share, compared with $25.5 million, or 92 cents, a year ago.
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