Pacific Lighting's board has authorized the repurchase of up to 3 million shares, or about 5%, of the company's common stock outstanding . . . The Delaware Supreme Court deferred judgment after hearing arguments over whether it should uphold a lower court that effectively blocked T. Boone Pickens Jr.'s attempt to take over Newmont Mining Corp. . . . United Airlines reported that its scheduled traffic increased 4.5% in October to 5.48 billion revenue passenger miles, compared to 5.24 billion during the same month in 1986.