COMPANIES

Unocal Makes first Payment: Unocal Corp. made its first transfer of cash and lands as part of a $91-million settlement of crude oil price-fixing charges brought by the state of California and the City of Long Beach, state officials announced. The settlement, first announced in February, drops Unocal from a massive lawsuit charging six major oil companies with conspiring to cheat Long Beach by holding down prices of crude oil pumped from area tidelands. Under the settlement, Unocal agreed to pay $34.8 million in cash, transfer ownership of environmentally sensitive lands valued at $12 million and cede use of a private oil pipeline system, valued at $32 million.