Wet Seal CEO Leaves Company

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Wet Seal Inc. disclosed Tuesday that its chief executive left the company, effective Aug. 26, according to a filing with the Securities and Exchange Commission.

Will Advertising Dollars Return to TV?

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The TV advertising market suffered a brutal spring and summer, as national marketers reduced their spending. Now, as the new fall season nears, media executives are betting that ad dollars will return. Ad executives aren't so sure.

Canada Details Sino-Forest Fraud Case

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The Ontario Securities Commission laid out its civil case against five former executives of Sino-Forest Corp., the Canada-based timber harvester that collapsed under fraud allegations in 2012.

GM Seeks Stay of California Suit Over Recalls

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General Motors is trying to fend off a bid by California officials for state-court review of their case over the massive recall tied to faulty ignition switches.

Danaher Appoints New CEO Sooner Than Expected

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Danaher Corp. said its board implemented the diversified manufacturer's succession plan earlier than expected, appointing Thomas P. Joyce Jr. as president and chief executive.

Regulator Defers Decision on Norwegian Air Application

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The Transportation Department faced a deadline to rule on the request for a temporary operating permit that would have allowed the low-fare carrier to start flying to the U.S.

Proposed Rules Hit Shares of Mortgage REITs

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New rules proposed by a federal agency on Tuesday hit shares of some mortgage real-estate investment trusts which could lose access to a low-cost source of funding if the plan moves forward.

Danone's Riboud to Give Up CEO Post

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Danone said CEO Franck Riboud would step down from the job he has held at the French dairy company for 18 years. He will remain chairman.

Kering Takes Control of Eyewear

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French luxury conglomerate Kering said Tuesday it created a business unit to increase its eyewear sales on both the wholesale and retail levels, in a move that will allow the company to manage marketing, design and distribution internally.

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