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Financial firms seek startup solutions to trade better, faster

January 9, 2014

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CHICAGO (Chicago Tribune, Blue Sky Innovation) — Technology has already transformed financial trading, and emerging companies are still at work making options trading faster and more accessible than ever. With rising regulatory burdens, new technologies might make it safer to trade, too. Options, largely traded on the Chicago Board Options Exchange, help traders secure the […]

Landmark Chicago Board of Trade building attracts techies with $30 million revamp and new incubator

December 19, 2013

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CHICAGO (Built In) — When the Chicago Board of Trade was sold from CME Group to GlenStar Properties and USAA Real Estate in early 2012, it was still the “old boys club” it always had been. But a $30 million revamping portends futuristic plans for the 83-year-old building. “We love our traders,” said Christian Domin, managing director […]

GM to invest $1.3 billion in US manufacturing

December 16, 2013

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Dec. 16 (UPI) — General Motors announced Monday that it will invest $1.3 billion in U.S. manufacturing in five Midwestern plants. This comes after the U.S. government last week announced it has completely pulled out of ownership of GM stakes. This is expected to maintain or create close to 1,000 jobs in Michigan, Ohio and Indiana. The largest sum, $600 […]

Chance encounter: A run-in at reunion leads to a collaboration fighting hunger

December 13, 2013

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CHICAGO (Kellogg) — “There’s a certain amount of serendipity to all of this,” Clinical Professor of Management & Strategy Harry Kraemer said on connecting to the One Acre Fund. The Kenya-based nonprofit works with getting small-scale farmers resources to pull themselves out of poverty. Andrew Youn ’06 founded One Acre in 2006 while at Kellogg. Youn never had Kraemer […]

Facebook joins the S&P 500 next week

December 12, 2013

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Dec. 12 (UPI) — Facebook’s status was updated to join the S&P 500 index, effective after market close Dec. 20, and investors are liking the change, as Facebook shares spike more than 5 percent Thursday. The company went public in 2012 and will replace much older tech company, Teradyne, in the S&P 500. Teradyne develops testing products for […]

American Airlines signs multi-billion dollar deal for 90 new jets

December 12, 2013

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Dec. 12 (UPI) — The newly-merged American Airlines company announced Thursday multibillion dollar contracts with Brazil’s Embraer and Canada’s Bombardier for 90 new 76-seat jets. Embraer has seen a surge in U.S. plane sales, with more than 700 sold this year. American’s contract with Embraer is valued at $2.5 billion, with the purchase of 60 aircraft and the […]

JPMorgan launches $250 million job creation program

December 12, 2013

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Dec. 12 (UPI) — JPMorgan Chase CEO Jamie Dimon announced a new initiative Thursday in conjunction with Chicago Mayor Rahm Emanuel to investing $250 million to bridge the “skills gap” plaguing Americans in a hunt for employment. The “New Skills at Work” initiative is named the largest private sector initiative toward fighting unemployment, which in the U.S. currently stands at […]