OSAKA, Japan (AP) _ Olzubek ''Gusshie'' Nazalov of Kyrgyzstan knocked out Francis Velasquez of the Philippines in the 10th round Wednesday and retained his Orient-Pacific lightweight title.

The knockout came at 1 minute, 49 seconds of the 10th round of a scheduled 12-round bout.

It was the first defense of the title Nazalov took from Iwao Otomo of Japan with a 12-round unanimous decision on May 11.

Nazalov, who fights out of Japan, knocked down Velasquez with a right hook. When the Filipino got up, Nazalov knocked him out with a right to the chin.

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ATLANTA (AP) - Police now have 260 tickets to the July 4 weekend series between the Atlanta Braves and Chicago Cubs.

The supply was confiscated from a man police say was trying to scalp them.

''He was looking to make a killing,'' said Sgt. Dale Hendrix, who said the tickets could have sold for up to $40 each.

Randall Troy Major, 29, was charged with vending without a license after his arrest Tuesday.

Street scalpers have been paying $8 to $10 for July 4 weekend tickets and selling them for $35 to $40, Hendrix said.

During the 12-game homestand that ended Wednesday, 40 scalpers were arrested in or near the stadium, Hendrix said.

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HOUSTON (AP) - The Houston Oilers signed kicker Bjorn Nittmo, who was with Montreal of the World League the last two years.

Nittmo, 25, began his pro career with the New York Giants in 1989. He was signed by the Kansas City Chiefs as a Plan B free agent in 1990, but was released before training camp,, and later failed a tryout with the Buffalo Bills.

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GLADSTONE, N.J. (AP) - William Long of Southern Pines, N.C., was named to replace James Fairclough on the U.S. squad for the World Four-In-Hand driving championship by the U.S. Equestrian team.

Fairclough, of Newton, N.J., withdrew to maintain his eligibility for the World Pairs Championship in Gladstone next October.

Long will join Sem Groenewoud of Oldwick, N.J., and Emil-Bernard Jung of Millwood, Va. for the competition in Riesenbeck, Germany, Aug. 19-23.

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MARANELLO, Italy (AP) - Ferrari will continue to race on the Formula One circuit, Fiat executive Cesare Romiti said on Wednesday.

Romiti, managing director of Fiat of Turin, Ferrari's parent company, said ''Ferrari won't be the same without Formula One.''

Romiti's remarks came after published reports that Ferrari might pull out of auto racing because of disappointing results on the Grand Prix circuit.

The last Ferrari victory was in 1990.

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TOKYO (AP) - Kelvin Torve singled home two runs Wednesday as the Orix Bluewave beat the Kintetsu Buffaloes 8-0 on Wednesday. Torve had a brief stay with the New York Mets.

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BEIJING (AP) - Japan scored three runs in the first inning and beat Australia 4-1 Wednesday in the women's world softball Challenger Cup tournament.

In the day's other game, New Zealand defeated Italy 4-2.

The United States, idle on Wednesday, leads in the eight-team tournament with a 4-0 record, followed by China and Australia at 3-1.