February 21, 1990

LEAD: After four months of resisting a takeover by the Georgia-Pacific Corporation, the Great Northern Nekoosa Corporation accepted a sweetened offer yesterday of $65.75 a share, or $3.8 billion.

LEAD: After nine months of bickering that delayed Japan's biggest military aerospace project since World War II, the Mitsubishi Heavy Industries Corporation and the General Dynamics Corporation said today that they had reached agreement on the transfer of critical technology from Japan to the United States for

LEAD: The suspense was finally over for 99 tense contestants at 9:29 this morning, when Willard Scott announced that Linda Rahman of Petaluma, Calif., had won the grand prize in the 34th Pillsbury Bake-Off: $40,000 and $0,000 in kitchen appliances.

LEAD: COMPANIES Drexel Burnham Lambert paid bonuses totaling hundreds of millions of dollars to executives shortly before its parent filed for bankruptcy, Wall Street executives said. [Page A1.] First Boston has arranged to get money from several affiliates by selling some bridge loans. Company executives said the move was intended to provide greater liquidity.

LEAD: Drexel Burnham Lambert Inc. paid bonuses totaling hundreds of millions of dollars to its executives shortly before its parent decided to file for bankruptcy protection, Wall Street executives said last night.