Santa Fe Southern Pacific filed a petition...

Santa Fe Southern Pacific filed a petition asking the Interstate Commerce Commission to reconsider the merger of the company’s two railroads, saying that agreements with two major competitors had solved the competitive problems that led to the merger’s denial . . . Los Angeles’ Union Bancorp received approval from the Federal Reserve Board to acquire United Bancorp of Arizona . . . Los Angeles-based RB Industries announced that negotiations with Laurence A. Crink Jr. for the sale of the company’s four W & J Sloane’s stores have been terminated. . . . The Securities and Exchange Commission charged that Balsa Donde USA, an Israeli-based military contractor, misled investors about its financial prospects in its registration statement.