The National Highway Traffic Safety Administration should have known a faulty General Motors ignition switch was cutting off power to air bags in its vehicles as early as 2007 but either overlooked evidence or failed to grasp it, according to a congressional report.
Publicis once again extended the term of veteran Chief Executive Maurice Lévy, highlighting the French ad group's struggle to find a successor as it searches for ways to rebound from its failed megamerger with Omnicom.
The U.S. consumer-finance regulator has sued troubled for-profit education firm Corinthian Colleges Inc., alleging the company prodded students into taking out unaffordable loans and used aggressive debt collection tactics.
A lender to Trump SoHo, the upscale Manhattan hotel and condominium that Donald Trump unveiled on his television show The Apprentice, is foreclosing on the property and putting it up for sale, said people familiar with the matter.
Nonunion American customer-service agents and reservationists voted to join a union coalition that already represents their peers at US Airways, after an earlier, pre-merger vote by the American employees fell short.
The new head of General Motors Co.'s Cadillac luxury brand says he intends to slash inventories of unsold sedans in the U.S., push to reduce the number of dealerships and expand the portfolio of models.