IBT Staff Reporter

GMAC has issues with some details in a possible agreement to provide financing to Chrysler dealers and customers, attorneys for Chrysler and Chrysler Financial said on Tuesday, and the objections have delayed a hearing on whether GMAC can provide the financing.

Corrects number of months in headline, first and third graph to eight, from seven

The U.S. trade gap widened in March for the first time in eight months as exports fell 2.4 percent and imports dropped for the eighth consecutive month, a U.S. government report showed on Tuesday.

The National Association of realtors said on Tuesday that home prices dropped in 134 out of 152 metro areas on a year-over-year basis during the first quarter of this year.

U.S. Bancorp , the eighth-largest U.S. bank, said it sold $3.5 billion of stock and bonds as it tries to raise sufficient funds to repay a taxpayer bailout.

The U.S. trade gap widened in March for the first time in seven months as exports fell 2.4 percent and imports dropped for the eighth consecutive month, a U.S. government report showed on Tuesday.

U.S. Bancorp , the eighth-largest U.S. bank, said it sold $3.5 billion of stock and bonds as it tries to raise sufficient funds to repay a taxpayer bailout.

Stocks fell on Tuesday as financial and technology shares weakened after a recent strong run-up, while energy shares cushioned the blue-chip Dow industrials from the worst of the losses.

A streak of shrinking U.S. trade deficits for eight straight months ended in March, with a government report showing on Tuesday that exports fell faster than imports as foreign companies purchased less capital goods.

Carlos Ghosn, chief executive of both Nissan Motor Co (7201.T) and Renault SA (RENA.PA), said he would not resign as the Japanese carmaker's chief before it was once again comfortably making profits.

The Obama administration's fiscal stimulus plan will meet previous estimates to save 3.5 million U.S. jobs by the end of 2010, but the unemployment rate at that time may be higher due to further deterioration in the economy, a senior administration official said on Monday.

Thousands of residents fled bomb-blasted north Mogadishu on Tuesday where the worst fighting in months between Islamist militants and the government has killed at least 113 civilians, according to a rights group.

Accused Nazi death camp guard John Demjanjuk arrived from the United States Tuesday to face charges he helped kill 29,000 Jews in 1943, and what is likely to be Germany's last major Nazi trial.

The U.S. trade gap widened less than expected in March as exports fell 2.4 percent and imports dropped for the eighth consecutive month, a U.S. government report showed on Tuesday.

The Wall Street Journal off-leads and Bloomberg reports that Ford Motor Co. (F), the most robust of the Big Three, plans to issue 300 million shares of common stock in a public offering that will further distance itself from its crosstown rivals and will take advantage of an 11-week stock rally.

Mourners crowded ruins in southwest China on Tuesday to mark one year since an earthquake shattered the region, while President Hu Jintao called reconstruction efforts a testament to national strength.

Mexico could lose up to $4 billion in tourism income after foreign visitors canceled trips to popular beach resorts and colonial towns due to the flu scare, Tourism Minister Rodolfo Elizondo said on Monday.

China's voracious appetite for commodities lifted imports of copper and iron ore to new highs in April, despite a global economic slowdown, while the world'sdemand for China's exports remained weak.

China on Tuesday marks one year since an earthquake devastated parts of the country's southwest. Here are some facts about the quake and its aftermath.

Japan's main opposition party will vote on Saturday for a new leader to replace scandal-tainted Ichiro Ozawa, in a move likely to boost its fading poll ratings ahead of an election just months away.

The speaker of Israel's parliament accused German-born Pope Benedict on Tuesday of showing detachment from Jewish suffering in the Nazi Holocaust, adding to criticism that has marked his Holy Land pilgrimage.

Angle Energy Inc said it agreed to buy certain assets within its Ferrier core area in western central Alberta for C$22.5 million in cash.

GlaxoSmithKline will take a 16 percent stake in Africa's biggest generic drug maker, Aspen Pharmacare, to expand its emerging market footprint in a deal worth 3.47 billion rand ($418 million).

U.S.-born reporter Roxana Saberi, free after more than three months in an Iranian jail, said on Tuesday she wanted to rest and be with her family after she was acquitted of spying for the United States.

Five young girls slipped briefly into comas and nearly 100 were taken to hospital after a gas attack on their school on Tuesday, the third in a series of such incidents north of Kabul, Afghan officials said.

Afghanistan said on Tuesday it hoped the newly named commander of U.S. and NATO troops would do more to avert civilian deaths, which had soured relations under outgoing commander General David McKiernan.

Stocks pared gains on Tuesday as declines in financial and technology shares outweighed positive comments on the economy from Fed Chairman Ben Bernanke and efforts by Bank of America Corp to shore up its balance sheet.

U.S. auto parts maker Hayes Lemmerz International Inc (HAYZ.O) said on Monday it filed for Chapter 11 bankruptcy.

Earlier this evening Advanta, which through its FDIC-insured bank Advanta Banc Corp makes credit card loans, declared its intentions to allow its securitization trust to go into early amortization, while concurrently launching a coercive tender offer for the securities issued by the trust.