MillerCoors will stay in Chicago

MillerCoors will keep its headquarters in Chicago and retain its name, according to a letter from CEO Gavin Hattersley to employees Thursday.

The announcement ends months of speculation that MillerCoors could move to Colorado or Canada once the brewer is absorbed by Molson Coors as part of Anheuser-Busch InBev’s pending acquisition of SABMiller. As part of the proposed $107 billion mega-merger, Molson Coors would acquire the rest of MillerCoors for about $12 billion — a divestiture considered key to gaining Justice Department approval.

About 450 people are employed in MillerCoors’ Chicago office. The company signed a 15-year lease in 2008, said Jonathan Stern, MillerCoors spokesman.

Automatic braking will be standard

Automatic emergency braking would be standard equipment on most American cars within six years under an “unprecedented” pact announced Thursday between federal regulators and the auto industry.

The agreement was reached between the U.S. National Highway Traffic Safety Administration, the Insurance Institute for Highway Safety and 20 automakers that represent nearly the entire U.S. auto market.

The so-called AEB systems, currently an option on some vehicles, would become a standard feature on nearly every new car and light-duty truck no later than 2022.

— From wire reports