Chrysler will become fully owned by Italy's Fiat under a deal that also involves the United Auto Workers Union. Fiat says it has agreed to pay nearly $4 billion for the more than 40 percent of Chrysler it does not already own. It is buying it from the UAW's medical benefits trust for retirees. The deal comes more than four and a half years after the Obama Administration brought in Fiat to keep Chrysler afloat as part of a bankruptcy deal.
Macy's and Martha Stewart Living have reached a settlement. The two companies were at odds after Martha Stewart Living reached a deal in 2011 to sell some of its products at JCPenney. The products did not include the Martha Stewart name, but Macy's still took issue with the deal, arguing Martha Stewart Living was in breach of contract. Macy's says this settlement does not end its separate legal claim against JCPenney.
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