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headlines SHORT TAKES memorandum of understand- ing to promote academic exchange between the two schools. Students in the Master Program Grande Ecole (PGE) at ESC Rennes now can pursue their MBAs at IIFT, while MBA students at IIFT can pursue the PGE at Rennes. IIFT students with bachelor's degrees also can enroll in one of the interna- tional master's programs at Rennes. n DePaul University's Col- lege of Commerce in Chicago has partnered with the China Financial Futures Exchange (CFFEX) in Shanghai to provide a program to train their executives and mid-level managers in financial markets, including derivatives trading, risk management, and regula- tion. As part of the 12-week program, about a dozen exec- utives traveled to DePaul's business school in downtown Chicago, near the city's finan- cial district. The program is expected to strengthen ties between the state of Illinois and China and heighten Chi- nese awareness of Illinois as a place to do business. n The International Commit- tee of the Red Cross has joined the Corporate Learn- ing Network of IMD in Laus- anne, Switzerland. Key deci- 20 May/June 2012 BizEd sion makers of the organiza- tion—which fields more than 12,000 people in 80 countries—will be looking for training in the latest management practices. They will also work with IMD faculty to solve specific chal- lenges in strategy, innovation, and human resources. GRANTS AND DONATIONS n The College of Commerce at DePaul University in Chi- cago recently announced a US$30 million gift from investment pioneer and philanthropist Richard H. Driehaus. The record gift is expected to be transfor- mational for the business school as it enters its cen- tennial year. In recognition of the school's longtime partnership with Driehaus, the school is being renamed the Richard H. Driehaus Col- lege of Business at DePaul University. n John A. Miller and Sandy M. Miller, two alums of the University of Denver in Colo- rado, have provided a US$1 million gift to the Daniels Col- lege of Business. The money will be used to establish the Miller Family Professorship in Applied Economics. n Energy company F J Man- agement of Ogden, Utah—for- merly known as Flying J—is donating US$3.5 million to two business schools in Utah. The Jon M. Huntsman School of Business at Utah State Uni- versity in Logan and the David Eccles School of Business at the University of Utah in Salt Lake City will each receive $1.75 million. The money will go toward supporting career services centers and student scholarships. n The University of Cincin- nati in Ohio has established the Bourgraf Professorship of Entrepreneurial Practice at the Carl H. Lindner College of Business. The new profes- sorship, made possible by a US$1 million endowment from Elroy and Elaine Bour- graf, supports the college's Center for Entrepreneurship. FACILITIES n The Sauder School of Busi- ness at the University of British Columbia in Canada has opened its new CAN$70 million home on its Vancouver campus. The expansion, which added 55,000 square feet to an existing 216,000-square- foot structure, includes a new facility for Sauder's Robert H. Lee Graduate School, a dedi- cated undergraduate center, a rooftop conference center, and three new lecture the- aters. Further enhancements include revitalized classrooms, state-of-the-art learning and videoconferencing technology, and new environments for stu- dent collaboration and study. A fresh façade spans the front of the pre-existing complex to provide a new face for the school. The building, which was designed by Acton Ostry Architects Inc., has been recognized with several Cana- dian awards honoring excel- lence in architecture. n Murray State University in Kentucky has renamed its business school the Arthur