The Federal Reserve Board has approved the...

The Federal Reserve Board has approved the proposed $1.2-billion merger of Chemical New York Corp. and Texas Commerce Bancshares Inc. . . . Barris Industries Inc. of Beverly Hills has entered into an agreement with Charles H. Barris to purchase from Barris his remaining holdings of 763,546 shares of the company’s stock for $12.50 per share . . . Santa Monica-based Wickes Cos. announced that it will hold its 1987 annual meeting on June 18 at 9:30 a.m. at the Beverly Hilton Hotel in Beverly Hills . . . Asher B. Edelman, a New York investor who wants to buy Morse Shoe, said the company has agreed to give him certain confidential information to help him evaluate its prospects, in exchange for Edelman’s agreeing not to raise his stake to more than 10% . . . Waste Management withdrew an offer for Chemlawn, a Columbus, Ohio, lawn-care company that has arranged a friendly merger with Ecolab.