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* General Motors Corp. will erase almost all of its $19.3-billion U.S. pension deficit, the largest among U.S. companies, by year’s end and said closing the gap would add 70 cents to earnings per share in 2004.
* Federated Department Stores Inc., owner of Macy’s and Bloomingdale’s, said President and Chief Executive Terry Lundgren would add the title of chairman after the retirement next month of James Zimmerman.
* Shares of Roxio Inc., owner of the Napster music-sharing service, rose as much as 15% in extended trading after it said media software revenue was exceeding its expectations. The shares had closed at $4.49 on Nasdaq.
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