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Executive who cleaned up Enron calls FTX mess "unprecedented"

By KEN SWEET and MICHELLE CHAPMAN The Associated Press
Nov 17, 2022 12:00 am - NEW YORK - The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a "complete failure" of corporate control. The...
Musk says he expects to find a new Twitter CEO 'over time'

By MICHELLE CHAPMAN AP Business Writer
Nov 16, 2022 12:00 am - NEW YORK - Billionaire Elon Musk, who just took over as the chief executive at Twitter after buying the company, said he does not want to be the CEO of any company. Musk...
Crosstown Fiber launches new data network company

Nov 15, 2022 10:00 pm - LOMBARD - Crosstown Fiber LLC, a fiber optic infrastructure owner, operator and developer, made its formal debut Wednesday. The company specializes in the custom develop...
As climate warms, a China planner advocates "sponge cities"

By EMILY WANG FUJIYAMA Associated Press
Nov 15, 2022 12:00 am - BEIJING (AP) - To cushion the impact of extreme weather due to climate change, a Chinese landscape architect has been making the case for China and other countries to cr...
Sam Bankman-Fried's downfall sends shockwaves through crypto

By KEN SWEET AP Business Writer
Nov 14, 2022 12:00 am - NEW YORK - Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the new...
First Lady Jill Biden drops in on District 214's Career Pathways program

By Alicia Fabbre
Nov 14, 2022 12:00 am - As she took the controls of a robot built by Rolling Meadows High School students, first lady Jill Biden gave a quick warning. “You know I haven't driven in a while,” B...
Musk ends remote work at Twitter, warns of troubles ahead

By MATT O'BRIEN AP Technology Writer
Nov 10, 2022 12:00 am - Elon Musk has emailed Twitter employees, most working remotely, ordering them to return to the office immediately for at least 40 hours a week and warning of "difficult ...
Elon Musk sells $3.95 billion worth of Tesla stock

By BARBARA ORTUTAY AP Technology Writer
Nov 09, 2022 12:00 am - Twitter's new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold...
Facebook parent Meta cuts 11,000 jobs, 13% of workforce

By BARBARA ORTUTAY AP Technology Writer
Nov 09, 2022 12:00 am - Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg s...
Signode completes new facility in Roselle

Nov 07, 2022 10:00 pm - ROSELLE - Signode's Automation and Packaging Technologies division celebrated the opening of its new global flagship facility earlier this month with officials from the ...

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