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Bank of America Corp. announced that it had agreed to acquire the reverse mortgage business of Seattle Mortgage Co., a subsidiary of Seattle Financial Group Inc.
Morgan Stanley agreed to buy 10 hotels in Europe from Hilton Hotels Corp. for $770 million.
DaimlerChrysler said its 2006 results rose by 556 million euros ($733.8 million) to 3.78 billion euros ($4.99 billion) under international accounting standards. The automaker originally released earnings in February under the U.S. accounting standard, which came to 3.22 billion euros ($4.25 billion), up from 2005 earnings of 2.8 billion euros.
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