The Ticker

Airline merger approved

AMR Corp., the bankrupt parent of American Airlines, has received court approval to merge with US Airways Group Inc. and create the world's largest airline.

But one clause in the merger agreement, a nearly $20 million severance package for AMR's outgoing CEO Tom Horton, was not approved by a judge at a hearing in U.S. Bankruptcy Court in Manhattan.

SF tower aims high

Boston Properties and Hines have broken ground on the Transbay Tower in San Francisco, which will be the nation's seventh largest tower at 1,070 feet tall. The building will consist of 60 levels of office space in a 1.4 million square foot complex.

Construction is expected to begin this summer and be completed in 2016.

Lexington co. secures investment

SynapDx Corp. has secured a significant yet undisclosed investment from The Kraft Group that will support the ongoing clinical development of the company's blood-based autism spectrum disorder diagnostic test. The test is designed to help clinicians identify children with autism earlier than they do today.

T-Mobile takes bite of Apple

T-Mobile will become the first major wireless company to sell Apple's popular iPhone 5 without a contract requirement on April 12. Preorders will be accepted starting April 5. T-Mobile will sell the device for $99, plus the monthly cost of using the phone.

TODAY

 The Commerce Department releases fourth-quarter gross domestic product.

TOMORROW

 U.S. stock markets closed for Good Friday.

 The Commerce Department releases personal income and spending for February.

L Former U.S. Sen. Scott Brown, left, is joining Boston-based CoachUp as a senior advisor on its advisory board. Boston Bruins President Cam Neely is joining the startup's board of directors.

L Atlantic Power has named Edward Hall as executive vice president and chief operating officer. Hall previously served as executive vice president and COO Global Generation at power company AES Corp.

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