Nissan Motor's new CEO will start from a tight spot. Japan's struggling $10 billion automaker on Tuesday announced an insider, Chief Planning Officer Ivan Espinosa, will replace Makoto Uchida. The change at the top is welcome.

The S&P 500 dipped into correction territory on Tuesday and Nissan has pushed out chief executive Makoto Uchida in the wake of the collapse of merger talks with Honda. Plus, banks are trying to catch up to one of the hottest trends in consumer finance: interest-free buy now, pay later loans.

The crisis-stricken carmaker has decided on a change in leadership. The current CEO Makoto Uchida has to leave at the end of the month. Ivan Espinosa,

Nissan CEO Makoto Uchida is under deepening pressure over the Japanese automaker's weakening performance and board members are due to gather on March 11 to discuss potential successors, people familiar with the matter have said.

Nissan announced its current CEO would be stepping down. Actor Gene Hackman's wife was captured in a final video image on the last day she was alive. That's according to a painstaking reconstruction of the tragic couple's last days by USA Today.