ITT Corp. reported that it is cutting...

ITT Corp. reported that it is cutting 350 jobs from its headquarters staff through layoffs, early retirement and reassignment to field positions . . . Computer & Communications Technology reported that management has withdrawn its previously announced buy-out proposal and that negotiations over the sale of CCT’s 86% interest in Zeta Laboratories have been terminated . . . Chicago Pacific Corp. said its CPAC Inc. subsidiary has extended its tender offer for Hoover Co. shares until 5 p.m. EDT Nov. 19 . . . The Investment Company Institute reported that the assets of the nation’s 351 money-market mutual funds fell $971 million in the week ended Nov. 13.