--- Oil futures rose to an all-time of $120.93 a barrel Tuesday in Asia, fueled by worries about threats to supply and a weakening of the U.S. dollar.

--- The fallout from losing its New Jersey casino license will force Tropicana Entertainment LLC, owner of Tropicana casinos in Atlantic City and Las Vegas, to seek Chapter 11 bankruptcy protection.

--- Target Corp. said it is selling an interest in its credit-card receivables business to JPMorgan Chase for about $3.6 billion.

--- Merck & Co. said it is eliminating 1,200 U.S. sales jobs, a move that comes a week after federal regulators' surprise rejection of an experimental cholesterol drug heavily touted by the pharmaceutical company.

--- Marvel Entertainment said profits for the first quarter fell 3 percent to $45.2 million from $46.8 million the same quarter last year, but raised its outlook based on the performance of "Iron Man" at the box office.

--- Linens 'n Things said it has filed for Chapter 11 bankruptcy and will close 120 underperforming stores. The store will continue to honor gift cards.

--- Fannie Mae said it lost $2.2 billion in the first quarter as home-loan delinquencies mounted and home prices declined.


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