IBM issue

IBM was named in an antitrust complaint in the European Union over claims it is block ing consumer access to open-source mainframe software developed by Paris-based company TurboHercules SAS.

GMAC sale

GMAC, the home and auto lender shedding assets to repay federal bailout funds, agreed to sell its US-based factor ing business to Wells Fargo.

Daimler pays

Daimler AG will pay $185 million to settle charges by the US gov ernment that it violated the Federal Corrupt Practices Act, accord ing to a person familiar with the litigation.

No bid

Universal Music Group, the record com pany of U2 and Lady Gaga, walked away from talks to license the North American catalog of music label EMI Group, a person familiar with the matter said.

Home hit

Existing-home sales fell 0.6 percent in Feb ruary, the third straight month of declines, as rises in sales in the Northeast and Midwest were offset by declines in the South and West.