General Motors Co.’s brands all scored average or better for the first time since J.D. Power & Associates started studying the dependability of three-year-old vehicles 25 years ago. Industrywide quality had its first drop since 1998.
Former Vitesse Semiconductor Corp. Chief Executive Officer Louis Tomasetta and ex-Executive Vice President Eugene Hovanec were charged by the U.S. with securities fraud stemming from an options-backdating scheme.
ValueClick Inc., the Westlake Village, California-based Internet-advertising company, fell after forecasting second-quarter revenue that trailed analysts’ estimates as the company reduces paid traffic in its Owned & Operated unit.
Dole Food Co., the fresh fruit and vegetable producer, plans to meet with lenders this week on a portion of the $1.15 billion financing backing the company’s purchase by Chief Executive Officer David Murdock.
Toyota Motor Corp. is using $199-a- month leases on its Camry to keep it the top-selling car in the U.S., much as it did to recover from record recalls and Japan’s tsunami. Now it’s pulling the rest of the industry with it.