Cerberus Capital Management

The sale is part of AT&T's strategy to jettison shrinking parts of its business so it can focus on segments that are growing, particularly its wireless business

Toronto-Dominion Bank (TD) is in talks to buy Chrysler Financial Corp. for as much as $7 billion, Bloomberg News said. Toronto-Dominion may reach an agreement with Cerberus Capital Management, the owner of the auto-loan company, as soon as this week, Bloomberg News reported without naming its...

Once icons of American industrial might, GM and Chrysler have cut jobs, closed plants, eliminated models and shed storied brands. Racing to turn their businesses around, both companies still have a long way to go to convince consumers their products are worthy of consideration.