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GM names its first female CEO; American and US Airways merge; Chinese bribery probe at JPMorgan; Cuts loom for Detroit creditors; Lululemon clears out its C-suite

Autos: GM names its first female CEO

General Motors’ new chief executive is a “company woman” through and through, said Bill Vlasic in The New York Times. The automaker’s board has named Mary T. Barra as the company’s next boss, making her “the first woman to ascend to the top job at a major auto company.” Barra joined GM at 18, enrolled in a technical school to become a “rank-and-file engineer,” and moved up the ladder to become a senior executive “overseeing all of GM’s global product development.” Her predecessor, Daniel Akerson, “who is retiring earlier than expected from GM because of his wife’s health problems,” said Barra was “picked for her talent, not her gender.”

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