David Klan, currently general manager of global brand marketing for Mazda at its Hiroshima, Japan, headquarters, will take the reins of the marketing operations for Mazda North America beginning Aug. 1.
Micron Technology plans to increase total production capacity for NAND flash memory devices at its Singapore wafer fabrication plant from 180,000 wafers to 200,000, shifting the capacity away from DRAMs, market observers said. Elpida Memory, which Micron is in the process of acquiring, reportedly will increase production capacity for mobile DRAMs at its 12-inch wafer fab in Hiroshima, Japan, as the two memory chip makers devote more capacity to parts for smartphones and tablet computers.
Merv Griffin -- whose earlier stints as a singer and game- and talk-show host unexpectedly led to major success as the producer of the hit game shows "Wheel of Fortune" and "Jeopardy!" and the owner of casinos, hotels, radio stations and thoroughbred racehorses -- died Aug. 12 of prostate cancer at Cedars-Sinai Medical Center in Los Angeles. He was 82.
McDonald's Corp. and Walt Disney Co. still intend to work together and possibly put McDonald's restaurants in Disney parks, but both companies now are free to forge deals with other film studios and quickservice chains, respectively.
Compared to last year, Nike Inc.'s fiscal fourth-quarter net income dropped 5% to $332.8 million -- mainly due to higher costs associated with World Cup ad buys and raw material cost increases. The company also cited a $52.5 million settlement between its Converse subsidiary and a former licensee as another drain on earnings.
The Virginia Department of Transportation has extended its deadline on proposals to building a $4 billion road-tunnel project in Hampton Roads. The deadline was moved back from Aug. 30 to Dec. 15 so that teams making proposals can have confidence in an approved state budget project that is scheduled to be in place by then.