That's correct! No names were changed to protect the innocent (or guilty in this case). And the correct info had been on the site before the most recent updates were made!
How do you not notice and correct something so major on the Home page of a business website?
Lazy database development plus not checking work once it is live.
There is no legitimate excuse for something like that.
How would you feel if that were your website?
It's even worse when they show up in the Google index...a lot of help that will be to someone searching for information on a company.