Textron said it extended until the close...

Textron said it extended until the close of business Wednesday its deadline for Ex-Cell-O Corp.’s response to its takeover proposal . . . May Department Stores and Associated Dry Goods, which have agreed to merge, said the Federal Trade Commission has requested additional information on the deal under . . . Moody’s Investors Service said it is reviewing the debt ratings of Owens-Corning Fiberglas for possible downgrade because of Wickes Cos.’ unsolicited bid for the company and the possibility that defensive actions might affect Owens-Corning’s finances.