Los Angeles-based First Interstate Bancorp Inc. said...

Los Angeles-based First Interstate Bancorp Inc. said that as part of its restructuring program, its First Interstate Capital Markets Inc. subsidiary has resigned its status as primary dealer in U.S. government securities . . . A group including members of the Bass family of Ft. Worth said it has acquired a 6.2% stake in Universal Health Services Inc.’s Class B common shares outstanding, according to a filing with the Security and Exchange Commission . . . Steel production fell to 1.846 million tons, or 86.1% of capacity, in the week ended June 18, a decrease of 5% from the previous week’s 1.944 million tons, the American Iron & Steel Institute reported . . . The number of working domestic oil and gas rigs increased by 16 rigs to 905, reversing a two-week decline, Baker Hughes Inc. of Houston reported . . . Allegheny International Inc. said its reorganization plan would give common shareholders 25% of the resulting company. The plan drew criticism from Allegheny’s largest shareholder, Spear, Leeds & Kellogg.