Shearson Lehman Bros. reported that it raised...

Shearson Lehman Bros. reported that it raised more than $60 million for a public limited partnership to form a joint venture with 20th Century Fox Film Corp. The venture will finance, produce and acquire motion pictures . . . Clorox announced that it will ask shareholders at its Oct. 15 annual meeting to approve a recommendation to reincorporate the company in Delaware from California . . . Tylan Corp. said that due to continuing softness in the semiconductor equipment markets, it has issued layoff notices to about 7% of its headquarters and manufacturing staff, which totals 260 people . . . The state Board of Equalization said Californians bought more than 1 billion gallons of gasoline in May, a record for that month and second only to the all-time high in August, 1978.