The Ohio Insurance Department set June 27...

The Ohio Insurance Department set June 27 as the date for its hearings to begin on a $4.35-billion hostile takeover bid by Batus Inc. for Los Angeles-based Farmers Group . . . New World Entertainment said it has again extended its debt exchange offer, this time until 5 p.m. EDT June 16 . . . Banca Commerciale Italiana of Italy has extended its offer to buy 9.5 million New York-based Irving Bank Corp. common shares to June 27, according to a filing with the SEC . . . V. F. Scutti, a Florida investor who holds 5.23% of Resorts International Inc.’s Class A common stock, sold 160,050 Resorts Class A common shares to the Griffin Co., according to a filing with the SEC . . . The Investment Company Institute reports that the assets of the nation’s 429 money market mutual funds fell $1.7 billion in the week ended June 8.