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Delta Air Lines Names Paul Jacobson CFO - Quick Facts

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3/1/2012 7:42 AM ET

Delta Air Lines (DAL: Quote, DALRQ.PK) said it has appointed Paul Jacobson as senior vice president and chief financial officer, effective March 1. Jacobson, currently Delta's senior vice president and treasurer, would report to Delta President, Edward Bastian.

Jacobson, a 15-year veteran of Delta, would join Delta's Corporate Leadership Team and assume responsibilities from Hank Halter, Delta's current CFO, following his decision to retire from Delta. Jacobson joined Delta in 1997 as an analyst and has held positions of increasing responsibility since that time.

In addition, Gary Chase would join Delta as senior vice president, Financial Planning & Analysis and Investor Relations. Chase joins Delta from Barclays Capital where he has served as managing director, Equity Research. Also, Mike Randolfi has been promoted from vice president to senior vice president, Finance and Controller.

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by RTT Staff Writer

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After reporting a bigger than expected increase in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday that once again showed stronger than expected durable goods orders growth in the month of March. The report said durable goods orders surged up by 2.6 percent in March after jumping by a revised 2.1 percent in February. First-time claims for U.S. unemployment benefits rose by more than expected in the week ended April 19th, according to a report released by the Labor Department on Thursday, with initial jobless claims climbing further off their recent lows. The report said initial jobless claims rose to 329,000, an increase of 24,000 from the previous week's revised figure of 305,000. After giving back some ground in the previous session, stocks are likely to move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 40 points.
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