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Chrysler Wins Plea to Shutter 789 Dealerships

Fiat gained ownership of most of Chrysler L.L.C.'s assets Wednesday, a day after a bankruptcy judge approved Chrysler's plan to terminate 789 of its franchises and the U.S. Supreme Court declined to rule on objections to the sale by a group of Indiana state pension funds, who argued that the bankruptcy favored unsecured creditors over secured lenders.

Firms Skid On Rising Oil And Gas Prices

Valerie Daniels-Carter runs her Burger King and Pizza Hut franchise business more than 1,000 miles away from the Gulf Coast region that was hit by Hurricane Katrina. She may seem...

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