Also. . .

* Hilton Hotels Corp. said its chairman, Barron Hilton, sold 24 million of the company’s shares worth $773 million from a charitable trust he controls. Donaldson, Lufkin & Jenrette Securities Corp. paid about $32.21 a share for the stock, Hilton said in a Securities and Exchange Commission filing.

* Corona-based Watson Pharmaceuticals Inc. reported record first-quarter net income, excluding charges, of $30.6 million, or 34 cents per diluted share, compared with $21.4 million, or 24 cents, a year ago.

* Torrance-based Total Renal Care Inc. reported a 59% increase in first-quarter earnings before charges of $22 million, or 28 cents per share, compared with $13.8 million, or 18 cents, a year ago.

* Los Angeles-based Aames Financial Corp. said fiscal third-quarter earnings fell 77%, more than expected, as it completed a $38-million sale of stock to financier Ronald Perelman and thrift executive Gerald Ford. The home lender said net income for the quarter ended March 31 fell to $4.12 million, or 15 cents per diluted share, compared with $17.6 million, or 51 cents, a year ago. Aames had been expected to earn 22 cents a share.

* Corte Madera-based Il Fornaio Corp. named President and Chief Operating Officer Michael J. Hislop to the additional position of chief executive.