Briefs

The best year for U.S. auto sales since 2007 hasn’t been enough to boost General Motors’ share price, in part because its dealerships have too many trucks parked on their lots. GM said it entered July with more than five months’ inventory of full-size pickups, the most since April 2009. This isn’t accidental: GM stockpiled new trucks to ensure dealers had enough supply while factories retooled to make redesigned pickups next year. The plan could backfire if sales keep running below the company’s initial estimates.

Online gambling sites PokerStars and Full Tilt Poker are paying at least $731 million to settle charges they tricked U.S. banks into processing payments for offshore gambling sites. In the deal, PokerStars will acquire Full Tilt and pay $547 million to a compensation fund run by the U.S. Department of Justice. It’ll also repay $184 million Full Tilt owes foreign players and will continue doing business. A third site, Absolute Poker, reached a settlement with prosecutors to forfeit all its assets. None of the parties admitted wrongdoing.