Xerox said it has chosen Ted Bates...

Xerox said it has chosen Ted Bates Worldwide, as its new advertising agency to handle its corporate and business systems group in the U.S. . . . Merrill Lynch & Co said its retail stock brokerage unit plans to raise commissions an average of 5% on stock and options trades of less than $10,000 . . . Citing the rising Japanese yen, Toyota reported that it increased the price of its cars and trucks sold in the United States by 2.8%.