Pennsylvania $20,000 to settle charges of deceptive advertisements, according to the state's Attorney General's office.

ADT's ads allegedly encouraged residential monitoring services for $100 less that the regular price of $199 even though the company repeatedly sold the services at a discount.

Under the settlement, ADT agreed to allow customers to cancel the monitoring agreements without penalty if it raises the fee, the paper said.

STAKE MAY BE REDUCED SHI Stake may be reduced Norwegian shipping company Leif Hoegh & Co. ASA , may sell part of its stake in Bermuda-registered Bona Shipholding Ltd.

Leif Hoegh is considering reducing its 42 percent stake in Bona.

Leif Hoegh is also considering listing its refrigerated freight subsidiary Cool Carriers .

A listing will depend on market conditions and the company would like to expand Cool Carrier's fleet before such a move.

Bona's first half profit was up 11 percent to $5.9 million while operating profit was up 60 percent to $37.5 million.

Bona's takeover of fellow Bermuda tanker company Smedvig Tankships Ltd. last year helped drive first half profits up.

A year ago, Bona boldly acquired two-thirds of Smedvig and in November the Smedvig family relinquished their holdings.

FIRM BASED IN ATLANTA BUC Firm based in Atlanta Bermuda-based Zurich Centre Investments Ltd. announced the formation of Zurich Centre Real Estate Solutions to service US mortgage companies.

Zurich Centre Real Estate, a wholly-owned subsidiary of Zurich Centre Investments, will be based in Atlanta and provide hazard insurance and outsourcing solutions to top mortgage companies.

The subsidiary's CEO is Bill Krochalis who was senior vice president and mortgage market executive for American Security Group , the leading provider of lender-placed hazard insurance and insurance outsourcing services for the mortgage industry. The management team also includes three former senior managers from American Security Group's mortgage unit.

Zurich Centre Investments chairman Steven Gluckstern said the combination of Zurich's strong capital base and insurance infrastructure with the new subsidiary's management team will enable it to "rapidly enter the marketplace as a leading competitor.'' Zurich Centre Investments is a multi-billion dollar wholly-owned subsidiary of Zurich Insurance Group .

CME PURCHASES STUDIO BUC CME purchases Studio Central European Media Enterprises Ltd. (CME) has announced the acquisition of a 50 percent stake in the Studio 1 1 group of companies.

Studio provides 50 hours of programming weekly on Ukraine's state broadcaster.

NASDAQ-traded CME has interests in eastern and central European television stations.

The company, which earlier announced plans to acquire the stake, did not disclose and amount.