General Motors Co., grappling with the recall of a record 11.2 million vehicles in the U.S. this year including cars linked to the deaths of 13 people, announced a familiar a name to head its public-relations department: Tony Cervone, a former GM PR executive.
Fortress Investment Group LLC is preparing a bid to buy Stuyvesant Town-Peter Cooper Village, the Manhattan apartment complex whose future has been in limbo since its owners defaulted on a $3 billion mortgage four years ago, according to a person familiar with the plans.
Michael Platt’s BlueCrest Capital Management LLP had the ratings on its hedge funds reduced for a second time by a top investment adviser, who said the $30.6 billion firm still hasn’t provided sufficient information about a proprietary fund run for the benefit of its partners.
Toyota Motor Corp. will crank up production of the Camry sedan, the top-selling U.S. car the last dozen years, at its Kentucky plant after it stops farming out some manufacturing to Fuji Heavy Industries Ltd.
General Motors Co. Chief Executive Officer Mary Barra, facing criticism over the company’s slow recall of 2.59 million cars linked to 13 deaths, encouraged University of Michigan graduates to face problems directly.
Bank of America Corp. Chief Executive Officer Brian T. Moynihan won permission last month for the firm’s first dividend increase since the financial crisis. Now he’s under pressure to salvage the payout after the company mistakenly inflated capital levels by about $4 billion.