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 […]

SHIFT marketing platform raises $6 million Series B from European investor

December 11, 2013

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LOS ANGELES (Built In) — SHIFT, a real-time marketing platform, announced yesterday a Series B investment of $6 million from leading European venture firm, DN Capital.   SHIFT already works with more than 300 firms, which includes 10 of the top 20 global advertisers like Sony, American Express, Toyota, Red Bull and Walmart, the world’s biggest […]

GM names Mary Barra as new CEO, the first lady to lead automotives

December 10, 2013

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Dec. 10 (UPI) — General Motors names Mary Barra to step in as chief executive when Dan Akerson retires next year, making Barra the first woman to be CEO of a major automobile company. GM is the largest automaker by revenue, and while the role has been previously considered a “man’s job,” times have changed and Barra, 51, said there are […]

Lululemon founder resigns after controversial comments

December 10, 2013

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Dec. 10 (UPI) — Controversial Lululemon Athletica founder Chip Wilson announced Tuesday that he will step down as chairman of the yoga brand’s board, ahead of the company’s earnings release Thursday. In his place will be former Starbucks executive Mike Casey, who has been on the board for six years. Laurent Potdevin will take over as CEO, as […]

A Sky Full Of Opportunity In Cloud Infrastructure: The Turing Group

December 9, 2013

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CHICAGO (Techli) — The cloud might seem hazy – but the newly launched Turing Group is making it easier for companies to leverage cloud infrastructure to make businesses more agile and less capital intensive. Eric Dynowski was the head of global infrastructure at the $10 billion hedge fund Magnetar, and left to start the Turing Group with […]

Chicago partners with code.org to make computer science a core subject

December 9, 2013

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CHICAGO (Built In) — Mayor Rahm Emanuel and Chicago Public Schools CEO Barbara Byrd Bennett announced today a partnership that will make Chicago’s school system friendlier to computer science, and students more trained for a tech-friendly workforce. “This plan will help us compete with countries like China and the UK, where children take coding classes […]