• Business News

    United Airlines executive’s remains found at Illinois forest preserve

    New Jersey Republican Jeff Van Drew reacts to the president’s remarks at the CNN town hall on ‘The Evening Edit’  Human remains discovered at Waterfall Glen Forest Preserve in Lemont, Illinois, have been positively identified as missing United Airlines executive Jake Cefolia. “On Friday October 22nd, 2021 the DuPage Page County Coroner’s Office responded to a report of a deceased person in the Waterfall Glen Forest Preserve,” the DuPage County coroner said in a statement Sunday. “An autopsy was performed the next day. A cause and manner of death have not been determined and remains under investigation. A Forensic Odonatologist  

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  • Business News

    Spanx-Blackstone deal: Shapewear brand now valued at $1.2 billion

    The private equity firm will take a majority stake in the brand, the two companies announced Wednesday. While they did not disclose how much Blackstone paid for its stake, the firms noted the eight-figure valuation in a news release. “This is a really important moment in time for female entrepreneurs,” said Spanx founder Sara Blakely, who will keep a “significant” equity stake in the business and become its executive chairwoman. She has said that when she founded Spanx in 2000, she did so with $5,000 in savings. “I started this company with no business experience and very little money,  

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    Microsoft leaders warned Bill Gates over ‘inappropriate’ emails.

    ImageBill Gates in 2019. Microsoft executives warned him that his behavior was inappropriate after they discovered inappropriate messages he had sent to a female employee.Credit…Calla Kessler/The New York Times Microsoft executives warned Bill Gates in 2008 about inappropriate emails he had sent to a female employee, a Microsoft spokesman said on Monday. The warning involved messages in which Mr. Gates, who at the time was a full-time employee and the company’s chairman, asked an employee out on a date. Senior Microsoft executives learned of the emails in 2008, according to Frank Shaw, a Microsoft spokesman. “These emails  

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  • Business News

    Business leaders expect supply chain turmoil to last well into 2022

    The majority of the CFOs, who represent a wide range of businesses across multiple industries, expect the challenges to last “well into” 2022. They warned their companies are experiencing supply chain disruptions that have fueled production and shipping delays as well an increase in materials prices. The CFO survey, released Thursday, was compiled by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. Roughly 10% of respondents said the supply chain difficulties will be resolved by the end of this year, but most of the CFOs anticipate the problems will not be fixed until  

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  • Business News

    Kristalina Georgieva will remain managing director of the I.M.F., its board says.

    ImageKristalina Georgieva, left, the managing director of the International Monetary Fund, with Angela Merkel, the German chancellor, in August. Credit…Pool photo by Clemens Bilan WASHINGTON — The International Monetary Fund’s executive board on Monday expressed confidence in the leadership of Kristalina Georgieva, its managing director, after allegations that she manipulated data to placate China when she was a senior World Bank official. Last month, an independent inquiry commissioned by the World Bank concluded that Ms. Georgieva had played a central role in meddling with its 2018 Doing Business survey. The findings raised questions about her judgment and ability  

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