Today’s Business Beat - Monday, Sep. 29, 2014

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Ford shares fall as company lowers Europe outlook

Ford shares fell Monday after the automaker said it no longer expects to make a profit in Europe next year.

Boeing to announce more defense business consolidation: sources

Boeing Co. plans to announce plans Tuesday to move a significant portion of its defense operations out of Washington state, according to multiple sources. [Reuters]

ALSO: Boeing delivering 747-8 to Air China

Uber forges ahead with 420-job expansion contingent on veto

The new jobs will be located in 56,000 square feet of space at 111 N. Canal St., a building that already houses Twitter and Gogo Wireless. [Early & Often]

United Airlines names new chief information officer

United Airlines announced Monday that Linda Jojo will become its executive vice president and chief information officer.

Exelon orders $500M of General Electric equipment

General Electric said Monday it has won an order worth more than $500 million for power-generating equipment from Exelon Corp.

Forbes 400 includes 17 billionaires from Illinois

Seventeen people from Illinois are among the 400 wealthiest people in America, according to Forbes magazine. [Forbes]

Microsoft to offer early look at next Windows

Microsoft plans to offer a glimpse of its vision for Windows this week, as its new CEO seeks to redefine the company.

Chase extends lead among banks in Chicago

JPMorgan Chase & Co. increased its lead among banks in the Chicago area for the year ended June 30, a new FDIC report shows. [Crain’s]

Bagel company Einstein Noah sold for $364.5M

The owner of Einstein Bros. Bagels and other, similar chains is being acquired by investment group JAB Holding for about $364.5 million.

Comcast promises to fix customer service

Comcast Cable’s CEO says the company is working on its customer service problems and named a new senior executive to lead the charge. [CNN Money]

Papa John’s fired worker with Down syndrome: EEOC

A federal agency is accusing Papa John’s Pizza of breaking the law when they fired a Utah employee with Down syndrome.

Bank of America paying $7.65M to resolve inquiry

The Securities and Exchange Commission says Bank of America will pay $7.65 million to settle allegations it overstated how much capital it had.

Airbus set to win A350 certification Tuesday

Airbus looks set to win European safety certification for its newest airliner, the A350, on Tuesday.

Wal-Mart adds Instagram co-founder to board

Wal-Mart Stores Inc. is adding Instagram co-founder and CEO Kevin Systrom to its board of directors.

Dave & Buster’s plans initial public offering

Dave & Buster’s plans an initial public offering of about 5.9 million shares in its second return to the public markets.

ATM, checking account overdraft fees surge: survey

Banks are reaping bigger fees whenever customers overdraw their checking accounts or use ATMs that are not affiliated with their lender, a new survey says.

Tibco to be sold to Vista Equity for $3.98B

Tibco Software Inc. says it is selling itself to a private equity firm Vista Equity Partners for about $3.98 billion.

US consumer spending up 0.5% in August

Americans boosted spending by a healthy amount in August, offering welcome evidence the economy is on solid footing heading into the final quarter.

Macy’s joins others in a big holiday hiring spree

Macy’s plans to hire about 86,000 seasonal holiday workers nationwide to bolster its stores, call centers and distribution hubs.

Lenovo looks to expand after IBM acquisition

Lenovo’s $2.1 billion acquisition of IBM Corp.’s low-end server business is due to close Wednesday.

Toyota recalls 690,000 pickups to fix rear springs

Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire.

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