Molinaroli will lead JCI-Tyco for 18 months; successor named

Johnson Controls Inc. CEO Alex Molinaroli, who has steered his company away from the automotive seating and interiors businesses during his two-and-a-half-year tenure, will serve as CEO for the combined JCI-Tyco International for 18 months.

Automakers recall 12 million U.S. vehicles over Takata airbags
UPDATED: 5/27/16 11:12 am ET - adds details

Eight automakers said today they are recalling more than 12 million U.S. vehicles for defective Takata airbags, expanding the largest-ever auto

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