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Reports nomination of Panhandle Eastern Corp. President Paul M. Anderson to the additional post of chief executive officer succeeding Dennis R. Hendrix. Details about the management change; Role of Hendrix and Anderson in the company's recovery since 1989; Panhandle's results for first quarter of 1995.

Reports on the profits of the first quarter of 1995 of several major US oil companies. Information about the earnings of Exxon Corp., Mobil Corp., Amoco Corp. and several others for the same period.

Reports decline in net income of Sun Co. in fourth quarter of 1994. Details of the results; Reasons for the decline; Optimism for 1995.

Reports the agreement of Apache Corp. to acquire the Canadian company Dekalb Energy Co. in a stock swap. Details of the agreement and its impact on Apache's oil and natural gas reserves; Expansion plans of Apache in the Canadian market.

Reports on the possibility of Continental Airlines and Southwest Airlines posting disappointing results in the fourth-quarter of 1994. Expectation of write-down by Continental; Comparison with 1993 results; Factors attributable to weak results of the companies; Information on passenger traffic of the airlines during 1994.

Reports Tenneco Inc.'s filing with Securities and Exchange Commission (SEC) to sell part of its stake in Case Corporation. Reasons for the decision; Business performance of Case in third quarter of 1994 and its recovery since 1992.

Reports increase in net income of Shell Oil Company, unit of Royal Dutch/Shell Group, in third quarter of 1994. Reason for increase; Statistics on net income and revenue in the period; Expected capital spending in 1994.

Reports rise in net income of Tenneco Incorporated in third quarter of 1994. Data on earnings; Recovery of Case Corporation unit from struggles; Agreement by Tenneco's auto parts subsidiary to acquire German firm, Heinrich Gillet GmbH; Tenneco's other plans regarding its subsidiaries.

Reports expectation of Baker Hughes Inc. of slowdown in Canada's natural-gas drilling boom in 1995, as disclosed by director of market research at Baker Hughes, Gary Flaharty. Details of the company's disclosed expectations; Discussion on boom in Canadian natural-gas drilling and relevance of Baker Hughes' predictions.

Reports that the District of Columbia's ability to tap bond markets for long-term financing remains doubtful despite the city's successful short-term debt offering. Financial crisis marked by cash shortages, a vastly underfunded pension and a ballooning deficits; Worth of short-term debt issued through Lehman Brothers Inc.; Reaction of city officials and financial experts.

Reports on Sprint Corporation's expected lunch of a long-distance phone service to Germany and France. Approval by the Federal Communications Commission; Benefits from the service.