Sony Corp. of Japan said it is...

Sony Corp. of Japan said it is negotiating with Vitelic Corp. of San Jose for the joint development and production of computer chips . . . Coleco Industries said it expects its second-quarter net income to be “by far” the highest for any second quarter in its history . . . Great Lakes Chemical has completed the acquisition of Purex Pool Products for undisclosed terms . . . The Investment Company Institute reported that the assets of the nation’s 346 money-market mutual funds rose $2.37-billion in week ended June 12 . . . The Los Angeles Department of Water and Power reported that electric plant production for the week ended June 8 was up 14.94% from the previous week.