Also

* Schering-Plough Corp. plans to cut 1,100 jobs in New Jersey and Puerto Rico as part of an overhaul intended to make the drug maker more competitive.

* Volkswagen said it had offered severance packages to 85,000 workers.

* Starwood Hotels & Resorts Worldwide Inc. said it would enter the extended-stay business by opening at least 25 properties a year over the next five years.