Business digest

NATION

Chrysler dealers file objection to terminations

NEW YORK — Attorneys representing a group of Chrysler dealers filed an objection Tuesday opposing the sale of the automaker’s assets, citing the company’s plans to terminate franchise agreements of 789 dealers as part of the deal.

The Committee of Chrysler Affected Dealers, which claims to represent nearly 300 dealers in 45 states, also wants the judge overseeing Chrysler LLC’s bankruptcy case to delay hearings that would approve the sale and the termination of the dealers’ agreements in order to give those affected more time to respond.

Home Depot posts profits

CHICAGO — The Home Depot Inc. said Tuesday that its fiscal first-quarter profit climbed 44 percent on fewer charges, and the nation’s largest home-improvement retailer beat Wall Street’s expectations despite lower sales.

Despite the stronger-than-expected performance, Home Depot’s shares fell 5 percent after the retailer opted not to boost its full-year outlook. Atlanta-based Home Depot earned $514 million, or 30 cents per share, for the quarter ended May 3, compared with $356 million, or 21 cents per share, a year ago.

Associated Press