Chrysler wants a bankruptcy judge to allow it to terminate the franchise agreements of 789 of its dealers, but the dealers argue that they employ thousands of workers and don't cost the automaker anything.
The problem with rising expectations is that it gets tougher to beat them.
Investors have broken the stock market's four-day rally Wednesday after U.S. data on the services industry and factory orders came in below forecasts.
A person briefed on General Motors Corp.'s production plans says the automaker is considering temporarily closing more factories this summer to keep inventory levels down as it tries to emerge from bankruptcy protection.
A person familiar with the matter says the embattled insurer American International Group Inc. is selling its headquarters building in New York and a nearby building in a deal expected to close at the end of this summer.
Federal Reserve Chairman Ben Bernanke says the forceful government intervention to fight the financial crisis and lift the U.S. out of recession was "necessary and appropriate" even though it worsened the nation's budget deficit.