Chevron Revises Fourth-Quarter Results

Chevron

(CHV)

revised its fourth-quarter net figure to a loss of 31 cents a share from its previously reported profit of 66 cents to include a $637 million charge from an Oklahoma suit involving

Cities Service

. Income for 1998 was reduced to $2.04 a share. Excluding these special items, operating earnings for 1998 were not affected.

The

International Monetary Fund

said it expects Monday to recommend that its board restart a stalled lending program to Brazil. The country's finance minister, Pedro Malan, said renewed loans would help restore confidence in Latin America's biggest economy.

In other postclose news (earnings estimates from

First Call

; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews

Northwest Airlines

(NWAC)

reported its February load factor fell 0.6% to 69.4%.

Mergers, acquisitions and joint ventures

Iowa's utilities board approved the planned $4 billion merger between

CalEnergy

(CE) - Get Report

and

MidAmerican Energy

(MEC) - Get Report

.

Miscellany

Pacific Gas & Electric

, a unit of

PG&E

(PCG) - Get Report

, said it will cut its electricity rates by March 31, 2002.