The Justice Department approved an airline merger Tuesday that will create the world's largest carrier. AMR, the parent of American Airlines, and U.S. Airways agreed to divest a number of slots and gates at key airports in order to enhance competition.
American entrepreneurs in Kenya are attempting to fundamentally transform education for some of the poorest kids in the world — while making a profit. Classes are large, and lessons are standardized. Some education leaders worry that private, for-profit schools undermine struggling public education systems.
Timothy Massad has overseen the Troubled Asset Relief Program that bailed out banks and automakers. Now he's expected to be nominated to head the Commodity Futures Trading Commission — perhaps an even tougher job.
One reason the rollout of the Affordable Care Act has been so rocky is the difficult landscape the health care overhaul is trying to cover. The system was a complicated contraption to begin with, and the hybrid replacement is just as hard to negotiate.
Last year, Samsung was found guilty of patent infringement and a judge ordered Apple be paid a billion dollars in damages. Earlier this year, another judge reduced that amount to $450 million. Now, a new trial, where a jury will reconsider both the allegations and the damages awarded.
Mexico has one last chance to qualify for the World Cup next year in Brazil. On Wednesday, it begins the first of a two-leg playoff against New Zealand. One marketing consultant says if the Mexican team doesn't go to Brazil, it could result in losses of more than $650 million.
Despite the bankruptcy, parts of downtown Detroit are going gangbusters, and that's in large part because of one guy. Online mortgage mogul Dan Gilbert has bought up 40 buildings and counting. He's filling those buildings — some of which used to be vacant — with new businesses. But some residents are wary of his expanding reach in the city.
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