Short Reports

William F. Compton will become chief executive officer of Trans World Airlines Inc. on May 25, while retaining his title of president, company officials said. Current chief executive officer Gerald Gitner will continue as chairman of the board and will assume the additional role of chairman of the board’s executive committee.

Lear Corp., one of the largest suppliers of automotive interiors, will pay $2.3 billion for the automotive division of United Technologies Corp.

The Commerce Department reported that construction of single-family homes rose 1.1 percent in February to a seasonally adjusted annual rate of 1.41 million units, the best showing since December 1978.

Goldman Sachs & Co., the last major private investment bank on Wall Street, outlined plans to sell 13 percent of its shares to the public for as much as $3 billion to bankroll an expansion in an increasingly competitive industry. Goldman Sachs will sell 60 million shares for between $40 and $50 apiece in an initial public stock offering expected in May, according to documents filed Tuesday with securities regulators.