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  • DaimlerChrysler has assumed a $1 billion risk from Chrysler should its pension plans be terminated before an agreement with U.S. agency Pension Benefit Guaranty Corporation (PBGC) expires in five years.

  • Royal Bank of Scotland is in talks with Bank of America over a deal on LaSalle, the U.S. unit of ABN Amro at the heart of the battle for control of the Dutch bank, the Wall Street Journal reported.

  • Wal-Mart warned Tuesday that its profits in the current quarter could fall short of expectations after reporting an 8% gain in first-quarter earnings amid cost-cutting and strength in its warehouse clubs and international businesses. The company continued to struggle with its namesake discount business.

  • Home Depot, the world's largest home improvement chain, posted lower-than-expected quarterly profit on Tuesday as the softer U.S. housing market hurt sales at its retail stores. Based on the performance, Home Depot said it expected per-share earnings for this year to fall at the low end of a previously forecast range of 4 to 9 percent.

  • Dutch food retailer Ahold reported a slight dip in first-quarter group sales on Friday, in line with market expectations, but analysts said underlying sales growth boded well for a recovery.

  • Hershey's Kisses

    Chocolate maker Hershey  lowered its earnings growth outlook for fiscal 2007, citing higher dairy input costs.

  • U.S. mortgage applications rose for the third straight week, driven by demand for both purchases and refinancings, an industry trade group report showed Wednesday.

  • Clothing retailer Gap is considering sizable layoffs over the next few weeks to cut costs, the New York Post reported on Wednesday, citing three people familiar with the situation.

  • U.S. mortgage applications rose for a second consecutive week as demand for home purchase loans outweighed slower refinancing activity, an industry trade group's figures showedWednesday.

  • The latest survey on hedge fund salaries shows that, for the first time, founding executives at three major hedge funds took home well over $1 billion last year. And the average pay for the top 25 hedge fund managers rose a staggering 57% to $570 million in 2006 from 2005, according to industry publication Alpha Magazine.

  • U.S. mortgage applications fell for the fifth consecutive week, largely reflecting a drop in demand for home purchase loans, an industry trade group said Wednesday.

  • In this undated photo released by the Virginia State Police, Cho Seung-Hui is shown. Seung-Hui, 23, of South Korea, is identified by police as the gunman suspected in the massacre that left 33 people dead at Virginia Tech in Blacksburg, Va., Monday, April 16, 2007, the deadliest shooting in modern U.S. history. (AP Photo/Virginia State Police)

    A Virginia Tech senior from South Korea killed at least 30 people locked inside a classroom building in the deadliest shooting rampage in modern U.S. history, the university and police said.

  • Hundreds of passengers remain stranded at airports and dozens of homeowners are grappling with flood damage on Monday, as a nor'easter batters the Northeast with strong wind and record rainfall for a second day, after already grounding hundreds of flights, blanketing areas in snow, downing power lines and flooding coastal areas.

  • Pharmaceutical maker Shire said Monday that its shareholders approved the proposed acquisition of New River Pharmaceuticals.

  • A nor'easter battered the East with strong wind and pouring rain Sunday, grounding hundreds of airline flights, downing power lines and threatening severe coastal flooding overnight.

  • A gauge of U.S. online labor demand rose in March from February, as hirings grew broadly, but year-over-year growth moderated, global online careers and recruiting firm Monster said on Thursday.

  • British airline bmi and United Airlines of the United States have applied to the U.S. government to form an alliance that would effectively merge their transatlantic operations, the Times reported on Wednesday.

  • The U.S. Securities and Exchange Commission and the U.S. Department of Justice have summoned the chief executive of French energy giant Total to explain the group's activities in Iran, a French newspaper said on Tuesday.

  • Xerox said on Monday it would acquire office technology products provider Global Imaging Systems for about $1.5 billion in an effort to expand its reach in the small and mid-sized business markets.

  • U.S. mortgage applications declined last week as refinancing dipped while purchase activity barely budged, an industry group said Wednesday.