UPDATED: 6/22/18 2:02 pm ET - adds new store locations

CarMax profits rise on tax-rate change

CarMax's profits rose in the quarter ended May 31 largely because of a lower income tax rate, the nation's largest used-car retailer said Friday.

UPDATED: 6/22/18 2:02 pm ET - adds new store locations

Joyson Safety Systems names Guido Durrer as CEO

Joyson Safety Systems, the Chinese-owned supplier that acquired the former Takata safety products business, said it appointed Guido Durrer as its new CEO.

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