Also

* Hino Motors Ltd., Japan’s largest maker of medium- and heavy-duty trucks, began production at a Long Beach factory run by Toyota Motor Corp., the company’s chairman said.

* Fannie Mae, the biggest financer of U.S. home loans, said the Securities and Exchange Commission had opened a formal investigation after the company’s federal regulator reported accounting errors.

* General Motors Corp. and Ford Motor Co. said the Securities and Exchange Commission had asked them to provide information on their pension and retiree healthcare plans as part of an inquiry into how companies prepare estimates used to calculate pension costs.

* Craig Conway, the former chief executive of PeopleSoft Inc., will get at least $3.2 million in severance, the company disclosed.

* Blockbuster Inc. and Walt Disney Co.’s video unit will attempt to resolve their almost 2-year-old lawsuit over a revenue-sharing agreement through arbitration. U.S. District Judge Cormac J. Carney in Santa Ana approved both parties’ request for arbitration and stayed the suit.