Oakland-based World Airways Inc. said it is...

Oakland-based World Airways Inc. said it is negotiating to buy Key Airlines Inc., a unit of Presidential Airways Inc., for $18 million, including $15 million of long-term debt . . . CPC International Inc., New York, said it will sell its large European corn-milling business to Italy’s Ferruzzi Group for more than $600 million . . . Oil Holdings Corp., a Kohlberg Kravis Roberts & Co. unit, has completed its acquisition of Owens-Illinois . . . K mart directors approved a 17.6% increase in its quarterly dividend to 43.5 cents and declared a 3-for-2 stock split . . . Claremont Group Ltd., a New York investment banking firm, said it intends to boost its 10% stake in sportswear maker Champion Products Inc. to as much as 15% . . . Steelcase Inc., Grand Rapids, Mich., said it has purchased Metropolitan Furniture Corp. of San Francisco for an undisclosed amount.